BMC unveils six new elevated road corridors

BMC unveils six new elevated road corridors
The Mumbai Municipal Corporation has plans to build six new elevated roads connecting Southern Mumbai to Western suburbs. These roads are intended to improve connectivity between Borivali (East) and Andheri (East) as well as the Read More...

Six high speed rail corridors gain momentum

Six high speed rail corridors gain momentum
The Indian Railways has initiated ground work on six sections for high speed and semi-high speed corridors for which the DPR will be ready soon. They will also join the under-construction Mumbai-Ahmedabad high-speed route. Trains can Read More...

Decks cleared for Pathankot-Mandi NH project

Decks cleared for Pathankot-Mandi NH project
The transport ministry recently gave the go-ahead to the mega Pathankot-Mandi four-lane road project crisscrossing parts of Punjab and Himachal Pradesh. The ministry has directed NHAI officials to expedite construction, which will Read More...

NHAI plans townships & logistics parks along highways

NHAI plans townships & logistics parks along highways
In a bid to generate more resources for road construction across the country, NHAI has prepared a roadmap to build modern townships, logistics parks, entertainment hubs and other wayside amenities along the existing and new highways Read More...

Biggies vying for private rail route projects

Biggies vying for private rail route projects
As many as 20 private players in the infrastructure and transportation sector, such as Bombardier India, Adani Ports, France's Alstom, Spain's Talgo, Macquarie group, Tata Realty, among others, have evinced keen interest Read More...

KONE opens its new warehouse in Mumbai to enhance customer experience

KONE opens its new warehouse in Mumbai to enhance customer experience
KONE Elevator India inaugurates its new warehouse at Andheri in Mumbai. Housing more than 2000 different parts, the warehouse will serve more than 2500 current customers. In Mumbai, there is presence of several prestigious Read More...

MoRTH clears ₹3,000-cr for road widening in AP

MoRTH clears ₹3,000-cr for road widening in AP
The widening to six-laning of the 51-km Anandapuram-Anakapalle road—via Pendurthi and Sabbavaram—has picked up pace with the centre government clearing ₹3,000 crore for the project. The road widening is to be executed by Dilip Read More...

WeWork bets big on co-working realty space

WeWork bets big on co-working realty space
Co-working major WeWork India, a subsidiary of Embassy Group, has decided to expand its operations by adding two new centres in Mumbai and Bengaluru comprising 4,350 seating capacities to meet growing demand of flexible Read More...

Budget 2020-21: A Blueprint for $5-trillion economy by 2025

Budget 2020-21: A Blueprint for $5-trillion economy by 2025
Rolling out a roadmap to build a $ 5-trillion economy by 2020-25, the Finance Minister in her 2020-21 Budget proposals has allocated a whopping ₹1.7 lakh crore for accelerated development of infrastructure, covering strategic roads Read More...

L&T wins Mumbai Metro Rail Line-3 contracts

L&T wins Mumbai Metro Rail Line-3 contracts
Larsen & Toubro's wholly owned arm L&T Construction has signed a contract with Mumbai Metro Rail Corporation for track laying on Mumbai Metro Line-3 underground stretch, said an official spokesperson. L&T has bagged the Read More...

MoRTH plans 7,500-km e-ways & green corridors

MoRTH plans 7,500-km e-ways & green corridors
The transport ministry has planned to complete three of the 22 expressways and green corridors in the next three years. With a length of 7,500 km and an investment of ₹3.10 lakh crores, the flagship Delhi Mumbai Expressway is Read More...

Kerala fast tracks ₹60,000-cr high speed rail corridor

Kerala fast tracks ₹60,000-cr high speed rail corridor
The Kerala government has fast tracked the semi-high speed rail project with the setting up of land acquisition cells for acquiring 1,226 hectares of land to expedite the acquisition. The Railway Ministry has agreed to use the Read More...

NHAI speeds up ₹30,000 cr e-way project in Punjab

NHAI speeds up ₹30,000 cr e-way project in Punjab
NHAI has speeded up the ₹30,000 crore Delhi-Amritsar-Katra expressway project. Of the total investment, ₹10,000 crore will be spent by NHAI on a 300 km highway stretch. Punjab will offer land free of cost and the acquisition Read More...

Banks commit ₹2.5-trillion for road sector

Banks commit ₹2.5-trillion for road sector
Union transport minister Nitin Gadkari has said that five banks have committed to provide ₹2.5 trillion finance for road and highway projects. NHAI has over 480 bankable projects as its toll operate and transfer (TOT) model has been Read More...

Marathon Group launches ₹425-cr residential project

Marathon Group launches ₹425-cr residential project
Marathon Group will build a ₹425 crore real estate project named Marathon NexZone II in the Panvel area of Maharashtra. The company is looking to finance the project through internal accruals, customer advances and construction Read More...

Bhutani awards ₹500-cr realty project in Noida to BL Kashyap and Sons Ltd

Bhutani awards ₹500-cr realty project in Noida to BL Kashyap and Sons Ltd
Realty firm Bhutani Infra has awarded a ₹500 crore contract to BL Kashyap and Sons Ltd for development of a commercial project in Noida. The builder, which focuses on developing commercial real estate, has, so far, completed about Read More...

RVNL floats tender for ₹397-cr rail contract

RVNL floats tender for ₹397-cr rail contract
The Rail Vikas Nigam has floated a tender for rail works in Uttar Pradesh. The scope of work includes construction of railway embankment, roadbed, major and minor bridges, RUBs, ROBs, and track linking (excluding supply of rails and Read More...

Escorts Ltd. Q3 Net Profit Up by 9.2% at ₹153.1 cr.

Escorts Ltd. Q3 Net Profit Up by 9.2% at ₹153.1 cr.
New Delhi, January 29, 2020: Escorts Limited today reported a profit of ₹153.1 crore in the quarter ending December 31, 2019 up by 9.2 percent as against a profit of ₹140.1 crore in the corresponding period last fiscal. Revenue from operations Read More...

NHAI targets ₹20,000-cr via its maiden InvIT

NHAI targets ₹20,000-cr via its maiden InvIT
In an attempt to finance construction of road projects, NHAI has decided to generate ₹20,000 crore through its maiden InvIT after which it will go for a larger round, depending on the response from investors. Union minister Read More...

Centre clears ₹1,203-cr for water infra in U'khand

Centre clears ₹1,203-cr for water infra in U'khand
Centre has given in-principle approval for ₹1,203 crore for Uttarakhand water management project - a revival of traditional water resources in the foothills of Himalayas. The pre-feasibility report of this project has been Read More...

Godrej Properties launches 3.5 lakh sqft realty projects

Godrej Properties launches 3.5 lakh sqft realty projects
Godrej Properties has launched a luxury mixed-use project comprising flats and retail spaces in the iconic R K Studio in the heart of Mumbai. The project, which is spread across 2.2 acres will offer about 3.5 lakh sqft of saleable Read More...

Bharti Realty launches mixed-use project in NCR

Bharti Realty launches mixed-use project in NCR
The real estate arm of Bharti Enterprises, Bharati Land Limited, has inked a joint venture agreement with Asthetic Township Developers to build a new commercial project in Gurugram. The ₹350 crore realty venture is a mixed-use Read More...

Salarpuria unveils 25-acre IT hub in Hyderabad

Salarpuria unveils 25-acre IT hub in Hyderabad
Real estate developer Salarpuria Sattva has acquired a 25-acre land parcel in the IT hub of Kokapet area of Hyderabad from Omaxe. The ₹650 crore acquisition will enable Salarpuria Sattva to set up an IT hub, which will further Read More...

NHAI for flexible model to award road projects

NHAI for flexible model to award road projects
NHAI now wants to award projects depending on market conditions as it wants to focus more on EPC mode of project construction and is seeking flexibility since the 60:30:10 formula is not always implementable. Under HAM, the government Read More...

CONCOR plans ₹3,000-cr logistic hub at M'patnam port

CONCOR plans ₹3,000-cr logistic hub at M'patnam port
In a major boost to port related activities in the region, the Container Corporation of India (CONCOR) has decided to become a partner in developing the Machilipatnam Port where it has proposed to set up ₹3,000-crore Integrated Read More...

Odisha approves ₹800-cr for heritage corridor

Odisha approves ₹800-cr for heritage corridor
A whopping amount worth ₹800 crore has been approved by the state government for the ambitious heritage corridor project around the Jagannath Temple in Puri and that a draft architectural plan for the same has already been prepared Read More...

JDA rolls out twin residential housing schemes

JDA rolls out twin residential housing schemes
The Jaipur Development Authority's (JDA) has decided to launch two more residential housing schemes near Muhana Mandi and Manipal University on the outskirt of the city, said official sources, elaborating that one scheme named Read More...

Ingersoll Rand unveils energy efficient MSG® Turbo-Air® 2000 Centrifugal Compressor in India

Ingersoll Rand unveils energy efficient MSG® Turbo-Air® 2000 Centrifugal Compressor in India
Ingersoll Rand launches its new generation of MSG® Turbo-Air® 2000 Centrifugal Compressor for the Indian market which has the capability to cater flow capacity from 505 CFM to 1700 CFM with pressure range from 3.5 Barg to 10 Barg Read More...

Gurgaon gets twin metro links to Dwarka & IGI airport

Gurgaon gets twin metro links to Dwarka & IGI airport
The long-pending demand of residents of Gurgaon for metro links to Dwarka and IGI airport has been fulfilled with the Haryana Mass Rapid Transport Corporation (HMRTC) deciding to develop a metro link from Rezangla Chowk Read More...

Pune metro becomes fastest metro project in country

Pune metro becomes fastest metro project in country
When the Pune Metro carried out its first trial run recently, it became the fastest metro project to have reached the milestone (30 months) among Metro projects in the country as the work is on track for the first stretch Read More...

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