Industry News

Odisha targets Rs. 874-cr road network

In order to build seamless road network across the state, the state government in Odisha, at the recent State Level Single Window Clearance Authority (SLSWCA) meet, has approved three projects involving Read More...

DHFL targets 18-20% growth in disbursal

Cashing in on the emerging demand for housing on the back of the salary hike and payouts of the seventh pay commission, and good monsoon, diversified financial services major, Dewan Housing Finance Corp Read More...

Logix secures Rs 400-cr funds for realty projects

In order to complete its ongoing realty projects, PE firm- Apollo Global, has recently infused Rs. 400-cr in Logix group to fast track its existing residential and commercial projects. The projects in question are Read More...

IL&FS targets Rs. 5000-cr infra funds under InvIT

In a first of its kind move under the Infrastructure Investment Trust (InvIT) instrument, Infrastructure Leasing & Financial Services (IL&FS) is all set to generate Rs. 5,000-cr to match its infra investment Read More...

Rajasthan launches Rs. 2,229-cr infra projects

In order to make the Jaipur city a wonder city, the state Chief Minister has recently laid foundation of 14 projects worth Rs. 2,229cr. The projects included converting Amanishah Nala into its original Read More...

DMICDC ready to allot zones along corridor

The Delhi Mumbai Industrial Corridor (DMIC), which has opened up huge business opportunities to Japanese investors as the project is currently at an implementation stage, Secretary of the Department of Industrial Read More...

Affordable housing gets Rs. 16,641 cr infusion

The central government has approved an additional investment worth Rs. 16,641-cr to build 2,44,267 affordable houses for urban poor under the Pradhan Mantri Awas Yojana (Urban), in the first half Read More...

NHAI unveils multiple road projects in TN

The National Highway Authority of India (NHAI) has directed the state's wing of the Roads and Buildings Department to speed up the mandatory works to enable the National Road Building Agency to Read More...

Real estate records resounding recovery

The available stats indicated that the country's real estate sector has recorded resounding recovery in top nine cities of India by recording 8 percent growth in the April-June 2016 quarter, compared to Read More...

Industry cheers passage of GST Bill

In fact, the Goods & Services Tax (GST) will result in the reduction of consumer durable industry from the tax burden, logistical, and transactional costs, which in turn will be beneficial for consumers Read More...

BRO building tunnels on Sela Pass in Arunachal

The Border Roads Organisation in Arunachal Pradesh has decided to construct tunnels at Bomdila-Tawang road in the Sela Pass located at an altitude of over 14,000 feet, said 42 BRTF Commander, Read More...

AP nods Rs. 5,000 cr port terminal projects

The Krishna-Godavari port terminal has secured in-principle nod for setting up of a Rs 5,000-cr floating LNG terminal with a capacity of 7.2 MMTPA in two phases in the offshore of Kakinada Deep Water Port, Read More...

IRB Infra bags Rs. 2,100-cr road project

IRB Infrastructure Developers Ltd (IRB), one of the largest BOT road developers in India with significant experience in the toll roads and highways sector, has recently announced that it has emerged Read More...

KRTL cracks Rs. 272.6-cr flyover projects

The Kerala Rapid Transit Corporation Ltd (KRTL), which has entrusted the Delhi Metro Rail Corporation (DMRC), the consultant for the mega metro project, to prepare a roadmap of the metro project for which the latter Read More...

IL&FS plans Rs. 300-cr port project in TN

In order to expand its project portfolio in the port sector, IL&FS is contemplating to set up a captive port in the district of Cuddalore in Tamil Nadu at an investment of Rs. 300cr. The port will be developed by Read More...

From Drought to Floods

Only a couple of months back, the country was facing a drought situation with nearly 300 districts affected by it. Today as many as 13 states are facing the fury of Rain Gods. Big cities seem to be wallowing in misery beset with water-logged streets and roads leading to traffic snarls. Three hours of down pour was enough to bring the Millennium city Read More...

France commits to fund Kochi metro

In order to inject a major funding booster to the Kochi metro project, the France development agency, AFD, has announced its commitment to finance the second phase of Kochi Metro from Jawaharlal Nehru stadium near Read More...

NHIDCL targets Rs. 45,164 cr project in NE

In order to build top-class road network in the entire belt of north eastern region, NHIDCL has been tasked of constructing over 4,000 kms of roads in the hilly terrains of the Himalayan belt at a whopping Read More...

JDA steers clear Jaipur Ring Road Project

In a major achievement, the Jaipur Development Authority's (JDA) Ring Road Project has recently cleared a major hurdles by securing environmental clearance from the Union Ministry of Environment Read More...

Govt. injects Rs. 46,834cr in road sector

In order to ensure smooth flow of funds to the country's road and highway sector, the Union Government has allocated a total Gross Budgetary Support (GBS) of Rs. 46,834-cr including cess Read More...

ADB infuses Rs. 31,500cr in e-way project

The Asian Development Bank (ADB) is all set to infuse investments worth $1 billion (Rs. 31,500cr) into the 793-km Mumbai-Nagpur communication super expressway project. A high-level ADB team Read More...

Paradip Port plans Rs. 8,200-cr expansion

Under the government of India's Sagarmala project, Paradip Port Trust (PPT) is all set to award the construction contracts of outer harbour to push the current cargo handling capacity to 150 million Read More...

M’rashtra unveils Rs. 8,000cr road project

The state government together with Maharashtra State Road Development Corporation (MSRDC) has decided to launch a sea link project to connect Bandra and Versova instead of the proposed Read More...

NIT launches 21,365 low cost housing projects

The Nagpur Improvement Trust (NIT) has started the process to construct 21,365 flats for Lower Income Group (LIG) under the central government's Housing For All scheme, said an official spokesperson, Read More...

DDA goes online for 11,000 units’ scheme

The Delhi Development Authority (DDA) has decided to go online for its new and upcoming 11,000 flats Housing Scheme 2016, which is slated to come out in December this year. As per recent reports Read More...

Railways speeds up special status projects

In order to make rail tracks accident-free, the railway ministry has granted 'special project' status to two new rail line between Wardha and Nanded districts via Yavatmal with a length of 284 kms and Read More...

Goenka Group goes for Rs. 500-cr complex

To boost the West Bengal sports, the RP-Sanjiv Goenka Group has planned to build an integrated sports complex in Kolkata at an investment worth Rs. 500cr. The proposed sports stadium, which will also house a football Read More...

Railway launches green rail corridors

The Indian Railways has recently inaugurate 'First Green Train Corridor named as Rameswaram-Manamadurai' commanding a length of 114 km in Tamil Nadu in the downstream south which will Read More...

NHIDCL targets 300km roads in North-East

The National Highway Infrastructure Development Corporation Limited (NHIDCL), which was setup to improve the road connectivity in the areas of North-East, has decided to construct 300 kms of roads Read More...

J&K gets Rs. 450cr road upgrade

The Centre has begun a massive exercise to overhaul the road infrastructure in Jammu and Kashmir (J&K) and has decided to rebuild over 50 roads in the state, for which the road stretches Read More...

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