Industry News

Pink City smart project gets Rs. 186-cr

In an attempt to build world class smart city in the state capital of Rajasthan, the Union government has recently cleared Rs. 186-cr to fast track the mega smart city project. The amount assigned for Udaipur under the smart city mission involving Rs 159.20-cr has also been released by the centre government. The funds, which Read More...

MJ Infra plans Rs. 1,000cr realty projects

Sensing burgeoning business opportunities in the real estate segment of the state, the Bengaluru-based realty major M J Infrastructure is entering Kerala with Rs 1000-cr investment plans to build real estate projects, chairman and managing director Dr P Anil Kumar said, elaborating that the company has planned five Read More...

SPV takes up Rs. 500cr work on city project

Fast tracking the construction work on the Bhubaneswar smart city project in the state capital of Odisha, the newly appointed Chief Executive Officer Bhubaneswar Smart City Limited, R.Vineel Krishna has started the building work with the authorized capital worth Rs.500cr. It may be recalled that Bhubaneswar came at the top Read More...

Kanpur civic body plans 105km ring road

Ensuring hassle free movement of vehicular traffic in and around the city, the Kanpur civic body has decided to build a 105km long ring road, divisional commissioner Mohammad Iftikharuddin, said in a recent statement, adding that vehicles from other districts are passing through the city and increase the traffic load Read More...

Govt hikes projects award targets to 12,000kms

Close on the heels of achieving the target of awarding 10,000 kms length during the outgoing fiscal, the road transport and highways ministry has set a higher road building goal worth 12,000 kms including the award and the construction of highways during the next fiscal year. Last year, about 8,000 kms road lengths were awarded Read More...

L&T secure Rs. 2,271-cr contracts

The engineering and construction giant, Larsen & Toubro (L&T) in a recent cache has bagged Rs 2,271-cr orders covering various segments it is currently operating, said official sources, adding that its Buildings & Factories Business wing has bagged a major turnkey order worth Rs 1,500-cr from a leading developer Read More...

Eastern peripheral e-way becomes realty

The much delayed 136-km Kundli-Manesar-Palwal (KMP) expressway became a realty, as the transport minister has recently inaugurated the 53-km stretch connecting NH-2 (Mathura Road) at Kuslipur in Palwal with Panchgam village on Delhi-Jaipur NH-8 on the outskirts of Manesar in Gurgaon district thereby making Read More...

Railway fixes Rs. 1.19 lakh-cr for network upgrade

In its quest to make travelling by rail completely enjoyable, comfortable and accident free affairs,the department of Indian Railways has targeted a staggering investment worth Rs. 1,19,183-cr for achieving its zero accident mission and that the ministry has sought non-lapsable fund from finance ministry to strengthen Read More...

Highway stretch gets plastic makeover

In an attempt to bid adieu to the usual practice of carpeting roads with bitumen, the highway sector is moving towards adopting innovative ways of using waste plastic for re-laying and re-carpeting roads. A case in point is that of a stretch near Vickravandi in Villupuram district of the state where a four-lane stretch of about Read More...

AP fixes Rs. 376cr for Kakinada smart city

The state government in Andhra Pradesh in a most recent move has cleared a whopping sum worth Rs 376-cr for taking up the multiple development works in Kakinada city, which found place on the first list of 20 Smart Cities under the Smart City Mission (SCM). In this connection, the State government had earlier constituted a Special Read More...

NHAI awards Rs. 1,336-cr highway projects

Accelerating the process of providing non-stop connectivity to states like Uttar Pradesh and Uttarakhand, the National Highways Authority of India (NHAI) has awarded Rs 1,336-cr projects covering various stretches on NH-87 to Sadbhav Infrastructure. After the commissioning of these projects, the journey from Read More...

Karnataka gets Rs. 747-cr road projects

In an attempt to provide world class road facilities to the motorists across the state, the highway department of the state government in Karnataka has decided to build multiple road stretches crisscrossing the state at a staggering investment worth Rs. 747cr, said official sources adding that in the process of constructing Read More...

Govt fast tracks East-West DFC corridors

In its quest to commission, both the eastern and western freight corridors within the stipulated time frame, the government has decided to complete these mega rail projects 2019, Union Minister of State for Railways, Manoj Sinha, said in an official statement, adding that the ministry is going all out to commission and Read More...

Japan commits Rs. 14,251-cr infra financing

Injecting yet another booster to the country's infrastructure sector, Japan's Official Development Assistance has recently committed loans worth Rs 14,251-cr for 5 infrastructure projects in India, including the Dedicated Freight Corridor Project, said official sources claiming that out of the total loan, DFC Phase-1 and III Read More...

LMRC secures Rs. 3,502-cr for metro project

Ensuring smooth flow of financing for the on-going mega metro project, Lucknow Metro Rail Corporation (LMRC) has managed to secure loan worth Rs 3,502-cr and an agreement to this effect has already been signed between the Centre and international funding agency- European Investment Bank for Lucknow Metro in Brussels recently Read More...

Nerolac bets big on policy initiatives

The paint industry across the country has been a major beneficiary of the fall in crude oil prices and the Centre's housing and infrastructure push. After slashing prices thrice in the just concluded fiscal, Kansai Nerolac is optimistic of accelerating growth in the current fiscal on the back of very aggressive pricing Read More...

SCCL launches Rs. 20,000-cr investment plans

Singareni Collieries Company Limited Investment

Buoyed by the sterling performance of its coal business in the just concluded fiscal, the Singareni Collieries Company Limited (SCCL) has decided to invest a staggering sum worth Rs. 20,000-cr to achieve a target of 100 metric tons from 60 mt last fiscal. The company has decided to achieve the targeted output by 2020 by opening 25 new mines Read More...

PPT launches Rs. 5, 300cr port project

The Paradip Port Trust, which is currently constructing a deep draft iron ore berth on BOT model at an investment worth Rs 740.19cr, has also decided to build Rs. 4,600-cr deep draft coal berth and allied facilities under the Central government's Sagarmala programs. In an encouraging development, PPT retains second position Read More...

Sixteen coal blocks up for grab

Going ahead with its decision to open up the coal sector for commercial mining perhaps for the first time in over 40 years, the government is throwing open the coal sector for commercial mining. On this core, the government this month is inviting proposals from public sector undertakings for the allotment of 16 mines, Read More...

WB injects $1.5-bn in SBM mission

In a major morale booster to the on-going Swachh Bharat Mission (SBM), the World Bank has recently injected a staggering sum worth US$1.5 billion and to this effect the Government of India and the World Bank have signed a loan agreement to support the Government of India initiative. Among other things, the mission has been Read More...

Krishnapatnam port gets Rs. 10,000cr hub

The Hyderabad-based CVR Navayuga group, which owns the Krishnapatnam port in Nellore district of Andhra Pradesh, has decided to inject Rs. 10,000-cr to expand the port facilities and to set up a world class industrial hub, Managing Director, Chinta Sasidhar, said adding that the group is in the process of setting up an Read More...

UP unveils Rs. 1,937.73-cr e-way project

In an attempt to improve the road network in the state, the state government has decided to upgrade state highways across regions and planned to build the Lucknow-Ballia Expressway, which was renamed as Samajwadi Purvanchal Expressway on Engineering, Procurement and Construction (EPC) Model at an investment worth Rs 19437.73cr Read More...

Brigade Group launches Rs. 1,000cr trade tower

The Brigade Group, a Bangalore-based real estate and infra builder holding licences to build World Trade Centers across five southern cities, will build its third WTC after Bengaluru and Kochi in Chennai with an investment of Rs. 1,000 crore. In the project, the company is developing over 2.5 million sq. ft of commercial Read More...

Panaji smart city gets Rs. 1,099.94cr

In order to build a classic city in the state capital of Goa, the council of the corporation of the City of Panaji (CCP) has recently cleared Rs 1,099.94-cr under the Smart City Mission, Commissioner Sanjith Rodrigues said adding that the St Inez Creek is a political-socio-economic problem and not a technical issue Read More...

PNC sets to win Rs. 1155.70cr contract

The renowned infrastructure player of the national repute, the PNC Infratech has turned out to be the lowest bidder for the four laning of Nagina-Kashipur section of NH-74 project stretching across Uttarakhand and Uttar Pradesh under NHDP-IV program. The project, which is to be executed on EPC model entailed an investment Read More...

GDA launches 6-km elevated road project

To further strengthen the road network in the area, the Ghaziabad Development Authority (GDA) has recently started the construction work on the second section of Hindon elevated road. While the first section of the stretch, which is 6.3 km long, runs from UP Gate to Vasundhara, the second section stretch from Vasundhara to GT Road Read More...

MEP Infra sniffs mega highway project

Adding to its project portfolio in the road and highway sector, MEP Infrastructure Developers which is a renowned construction and infra builder of repute, in a joint venture with Sanjose India Infrastructure & Construction, is all set to bag a road project as that the joint venture entity has been declared as the lowest Read More...

HUDA plans new road to Manesar

To facilitate smooth flow of vehicular traffic from Delhi to the industrial area of Manesar in Haryana, the Haryana Urban Development Authority, has decided to construct a Greater Southern Peripheral Road (GSPR) crisscrossing the southern fringes of Gurgaon. The GSPR, which will start from Mehrauli in Delhi and connect NH-8 in Manesar Read More...

Kolkata bridge collapse: Govt ups ante against contractor

Getting tough in the aftermath of the Kolkata flyover tragedy, state's agencies cracked the whip against the contractor and arrested three of the mid-level officials of the Hyderabad-based firm and detained five others, sealed their Kolkata office and directed its CMD to join the probe as death toll rose to 24, besides Read More...

Architect Dame Zaha Hadid dies at 65 after heart attack in Miami

The world-renowned architect and the first woman to win the Pritzker prize, Zaha Hadid has unexpectedly passed away on Thursday (31st March 2016) due to a heart attack while in hospital in Miami where she was being treated for bronchitis. Died at the age of 65, Hadid is largely regarded as the most influential female architect Read More...

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