Kuehne+Nagel India launches e- vehicles to decarbonise its road services
Kuehne+Nagel has partnered with Magenta Mobility to provide electric vehicles (EVs) for its road logistics operations in India. “As part of our Roadmap 2026 and Vision 2030 to become the most trusted supply chain partner supporting
ArcelorMittal Reports Strong 2024 First Quarter Earnings
ArcelorMittal unveiled its first-quarter earnings for 2024, showcasing improved performance driven by rebounding volumes and increased steel spreads. Adjusted steel shipments surged by 5.0% in the first quarter of 2024 compared
SM REITs to Unlock ₹68,000-71,000 Cr Monetisation Opportunity: ICRA
According to a report by ICRA, the introduction of Small and Medium REITs (SM REITs) regulations could potentially unlock a monetisation opportunity of ₹68,000-71,000 crore for small office spaces. Rajeshwar Burla, Senior
Max Estates Secures ₹388 Cr Investment from New York Life
Max Estates Limited, the real estate arm of the Max Group, unveiled a significant strategic investment of ₹388 Crore from New York Life Insurance Company, America’s largest mutual life insurer[1]. Under the agreement, upon
Jindal Stainless announces ₹5400-cr investment strategy
Jindal Stainless has unveiled a comprehensive investment strategy totalling nearly ₹5,400 crores, aimed at expanding its melting and downstream capacities, alongside strategic acquisitions, with the goal of positioning itself
Dalmia Transport selects Roadzen’s DrivebuddyAI to enhance fleet safety
Roadzen Inc., an insurance technology company, has announced that Dalmia Transport & Logistics ("Dalmia") has selected Roadzen's proprietary ADAMATICS technology platform, DrivebuddyAI, for its fleet operations for five years.
KEC International Secures Diverse Orders Worth ₹1,036 Cr
KEC International Ltd., an RPG Group Company and a prominent global infrastructure EPC major, has announced the acquisition of new orders valued at ₹1,036 crores across its various business segments. These orders encompass a wide range
Construction Pace Expected to Slow in FY25, Says CareEdge Ratings
According to CareEdge Ratings, the pace of construction in India is projected to decline by 7-10% in FY25 due to heightened execution challenges. Although the construction pace for National Highways saw a healthy increase
DBF and KVB Partner for Rural Youth Skill Development
Dalmia Bharat Foundation (DBF) and Karur Vysya Bank (KVB) have signed an MoU to empower rural youth through skill development. The initiative aims to train 400 individuals across Tamil Nadu, Andhra Pradesh, and Karnataka, offering
Rockwell Automation to Open New Manufacturing Facility in Chennai
Rockwell Automation, the world's largest company dedicated to industrial automation and digital transformation, has announced plans to establish a new manufacturing facility in Chennai, India. Spanning 98,000 square feet with provisions
Construction sector entities’ revenues to grow by 12-15% in FY25: ICRA
ICRA anticipates the construction industry in India to sustain a robust revenue growth trajectory in FY2025, projecting a year-on-year growth of 12-15% following an impressive 18-20% revenue growth in FY2024. The Government's emphasis
Caterpillar Unveils Largest Track Loader: Cat 973
Caterpillar Inc. has launched its largest track loader yet, introducing the groundbreaking Cat 973 to the heavy equipment industry. This machine represents a significant milestone in equipment evolution, establishing a new
Simplex Castings Selected as Manufacturing Partner for TsNIIchermet
Simplex Castings Ltd., a leading manufacturer of castings and engineering solutions, has been chosen as the preferred manufacturing partner for TsNIIchermet in Russia. Under the partnership, Simplex Castings Limited and ADJ
IRCON Secures Rs 1,200 Cr Railway Project in Joint Venture
IRCON announced securing a railway project valued at about Rs 1,200 crore through a joint venture. The project, awarded by East Coast Railway, involves the construction of the Kottavalasa-Koraput Doubling Project from Shivalingapuram
Bullet Train Project to Include Sabarmati Rolling Stock Depot
The Sabarmati Rolling Stock Depot, a cornerstone of the Mumbai-Ahmedabad Bullet Train Project, signifies a paradigm shift towards sustainable and efficient infrastructure. Spanning 83 hectares, the depot is the largest of its
CREDAI MAHA & Disha Foundation Sign MoU to Support Construction Workers
CREDAI Maharashtra, representing organized Real Estate Developers/Builders, and Disha Foundation, a notable non-profit organization, have inked a Memorandum of Understanding (MOU) to bolster social protection for construction
KPMG in India & Arkieva Form Alliance for Digital Supply Chain Solutions
KPMG in India, a leading professional services firm, and Arkieva, a global supply chain planning solutions leader, have announced a strategic alliance to drive successful supply chain transformation projects. The alliance aims to
SANY Heavy Industry Opens New Facility in Odisha
SANY Heavy Industry India Pvt Ltd has announced the opening of HO, M/s Raghunath Machinery, with Deepak Garg presiding over the inauguration on April 24, 2024. This new facility emphasizes Sany's commitment to serving customers in South
JICA Reaffirms Commitment to Safety in Indian Infrastructure Projects
On 'World Day for Safety and Health at Work,' Japan International Cooperation Agency (JICA) restates its dedication to elevating safety standards in India's infrastructure and construction sites. Guided by its principle of 'safety first,
Cube Highways Trust Acquires 7 Highway Assets Valued at ₹5,172 Cr
Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt Ltd, has announced its acquisition of seven highway assets from Singapore-based Cube Highways and Infrastructure III Pte Ltd and Cube Highways Infrastructure Pte Ltd.
Sumadhura Group Expands Bengaluru Footprint with 40-Acre Land Acquisition
In response to the thriving real estate market in Bengaluru, Sumadhura Group, a leading developer in southern India, has announced a strategic land acquisition of 40 acres in the city. This move paves the way for a potential INR 6000 crore
First Steel Bridge Launched for Mumbai-Ahmedabad Bullet Train Corridor
The first 100-meter steel bridge for the Mumbai-Ahmedabad Bullet Train Corridor was launched over the Vadodara-Ahmedabad main line near Nadiad, Gujarat. This milestone exemplifies India's commitment to its "Make-in-India" initiative
REC Limited to Fund 624 MW Kiru Hydro Electric Project in J&K
REC Limited has inked an agreement with Chenab Valley Power Project Private Limited (CVPPPL) to provide a term loan of ₹1,869.265 crores. The financial support will aid in the development, construction, and operation of the Greenfield
KRDCL-RVNL JV Wins Bid for Redevelopment Project from Southern Railway
KRDCL-RVNL Joint Venture has secured the contract for the redevelopment of Thiruvananthapuram Central Railway Station from Southern Railway. Valued at ₹438.95 crore, the project will be executed in 42 months under an engineering
SJVN Inaugurates India's 1st Multi-Purpose Green Hydrogen Pilot Project
Satluj Jal Vidyut Nigam (SJVN) has marked a significant milestone with the launch of India's first multi-purpose green hydrogen pilot project at the 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh
South Eastern Railway Floats Tender for Construction Projects in WB
The South Eastern Railway (SER) has issued a tender for the construction of various structures in West Bengal, in connection with the Deshpran-Nandigram new Broad Gauge rail line. The scope of work includes a minor bridge, toe
ArcelorMittal Nippon Steel India Plans Rs 85 Bn Fundraise for Expansion
ArcelorMittal Nippon Steel India is in discussions with banks to raise approximately Rs 85 billion (USD one billion) to support its expansion plans. State Bank of India, ICICI Bank, and Axis Bank are among the lenders expected
K Raheja Corp to Redevelop SOBO Central Mall into Luxury Residences
K Raheja Corp plans to transform SOBO Central Mall, India's first mall, into a luxury residential project, according to sources familiar with the matter. Located on a 1.3-acre site in the prime Haji Ali area, the redevelopment
Gerrit Marx Appointed as CEO of CNH Industrial N.V.
CNH Industrial N.V. has announced the appointment of Gerrit Marx as its new CEO, effective from July 1, 2024. He will succeed Scott Wine, who will depart at the end of the current three-year business plan cycle to pursue other
MMRDA Implements Heat Safety Measures for Construction Workers
The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced measures to protect construction workers from high temperatures during summer. With rising temperatures and a severe heat wave alert in the Mumbai
