News

Surat Metro sets to float tender for ₹12,020-cr project

In a recent development, the Surat Rail Corporation (SMRC) under the stewardship of its new managing director M Thennarasan has decided to float tenders for the ₹12,020 crore mega metro projects. Laying of the first 10 km of rail Read More...

Cabinet clears ₹1,600-cr for Debang hydro project

The Cabinet Committee on Economic Affairs (CCEA) cleared ₹1,600 crore for pre-investment activities for the Dibang Multipurpose Project in Arunachal Pradesh involving an investment worth ₹28,080.35 crore. The 2,880 mw hydropower Read More...

MMRDA hastens ₹10,986-cr Metro 2B corridor

The Mumbai Metropolitan Region Development Authority (MMRDA) has finalized designs for the upcoming ₹10,986 crore Metro-2B (DN Nagar to Mandale) corridor, said RA Rajeev, metropolitan commissioner, MMRDA. On the upcoming route Read More...

DMRC launches Phase-IV of the metro project

The Delhi Metro Rail Corporation has started carrying out preliminary work on the Phase-IV of the metro project with the Delhi government granting its approval to the six proposed corridors of the mega metro venture. The project was Read More...

ECR secures ₹4,560-cr for building new rail projects

The East Central Railway has received ₹4,560.12 crore from the Centre as part of the budgetary allocations for construction of new rail lines, said chief public relations officer (CPRO) Rajesh Kumar. The amount is almost 13.5% higher Read More...

Phase-II of Dwarka e-way project gets go ahead

The much-delayed package two of the Dwarka Expressway has received the Delhi government's approval to start construction. The permission for transplanting and felling trees on this stretch was granted recently by the Forest Read More...

BMRCL plans underground ring metro project

Bangalore Metro Rail Corporation Limited (BMRCL) is set to start preliminary work on an inner ring metro to resolve congestion in core areas of the city. The planned 35 km underground metro line connects Sandal Soap Factory Read More...

Proposals for ₹10,000-cr EV charging infra projects invited

The government has invited proposals for the development of electric vehicle charging infrastructure in big and smart cities involving an investment of ₹10,000 crore. It also invited proposals from satellite towns connected to seven Read More...

Decks cleared for NH, tunnel project in Kerala

The work on expansion of the Mannuthy-Wadakkanchery National Highway and Kuthiran tunnel in Kerala's Thrissur district is likely to start soon as the central government has agreed to clear bottlenecks stalling the projects. Union Read More...

South Centre Railways gets ₹5,152-cr new line

Adding to the existing rail network in the south central railway region, the railway ministry has cleared ₹5,152 crore for construction of the Bidar-Nanded new railway line, said an official spokesperson. This is the major highlight Read More...

Emami Realty offers assured rental scheme

In a first of its kind scheme, Emami Realty has come up with a an assured rental scheme in its Emami City project located on Jessore Road in Kolkata. By paying the total sale value, buyer of an apartment in Emami City gets current Read More...

India-Afghanistan inks MoUs for infrastructure projects

India and Afghanistan recently inked 10 MoUs for the construction of roads, buildings, schools, administrative offices, laying of roads and water supply networks, and markets across 10 Afghan provinces, namely Daikundi, Panjshir Read More...

Jindal Stainless launches a nationwide co-branding initiative with P&T

In a drive to curb the counterfeit products of Jindal Stainless in the market, the company is launching a nationwide co-branding initiative with Pipes and Tubes (P&T) manufacturers. With a current market share of 44% and annual Read More...

Bosch sets up Euro 31-mn plant in Bidadi

Global supplier of technology and services, Bosch, recently inaugurated its new plant in Bidadi (Phase II), located 35 km from the outskirts of Bengaluru. The Euro 31 million plant will act as a local hub for development of Bosch’s Read More...

RINL targets 11.3 mt steel production capacity in current fiscal

Rashtriya Ispat Nigam has set a target to raise steel production capacity to 11.3 metric tons and a sales turnover of ₹25,000 crore for the current fiscal, as against ₹20,000 crore achieved last year. CMD, PK Rath, revealed in a Read More...

BP-Reliance earmarks ₹35,000-cr investment in KG Block

British energy generating giant BP plc, together with local partner Reliance Industries, will invest ₹35,000 crore to bring to production three natural gas fields in the Krishna Godavari basin block in the Bay of Bengal by 2022 Read More...

Infra biggies vie ₹16,000-cr airport project

Infra building majors like GMR Infra, Adani Group, Reliance Infra and L&T are among the top prospective investors in the fray for the ₹16,000-crore greenfield Jewar airport project in Greater Noida, said official sources Read More...

Govt fast tracks ₹120-cr Kartarpur corridor

A four-lane highway linking Gurdaspur-Amritsar road to the international border for pilgrims to Kartarpur Sahib Gurudwara in Pakistan has been fast tracked at an investment of Rs. 120 crore, said an official spokesperson Read More...

Vedanta targets $650-mn investment in 53 blocks

The Vedanta Group has announced that it will invest $650 million in the new oil and gas blocks it had won from the government's last two rounds of auctions, said Ajay Kumar Dixit, chief executive of the company's oil and gas division Read More...

World of Concrete Asia 2019

World of Concrete Asia show 2019 will take place in Shanghai from 11 to 13 December 2019. Around 800 exhibitors will gather over an area of more than 52,000 sqm. The show will focus mainly on concrete, flooring and mortar sectors Read More...

Water infra to attract ₹6.3 lakh-cr investment

With the announcement of the Nal se Jal scheme, the water and sanitation sector is likely to attract an investment of ₹6.3 lakh crore in the next five years. The government’s new scheme, which aims to provide piped water connection Read More...

NHAI unveils new norms to part finance urban projects

NHAI is working on a mechanism to share gains in land value from upgrading of highways in urban areas as it looks to part-finance urban projects amid increasing costs of land acquisition, said sources. The move will help the Read More...

Possession first, pay later, new realty market mantra

In a desperate bid to liquidate their surging inventory, the property builders are offering customers a “buy now, pay later" scheme for ready-to-move-in homes. The easy payment schemes, which were earlier offered only for under Read More...

Govt plans 44 cross-country economic corridors

As many as 44 cross-country economic corridors have been planned under the ambitious Bharatmala scheme and all these corridors will be linked through expressways as the government intends to facilitate seamless trade by reducing the Read More...

MMRDA clears ₹3,500-cr multi-modal hub

The Mumbai Metropolitan Region Development Authority (MMRDA) has approved ₹3,500 crore for construction of a multi-modal integration project, which will facilitate widening of footpaths, cycle tracks, parking zones, traffic signal Read More...

NIIF to fund 1,430-km Amritsar-Jamnagar highway project

The National Investment and Infrastructure Fund (NIIF) is set to finance the Amritsar-Jamnagar national highway project. The expressway — one of the country's longest highway projects — would reduce the distance between the two Read More...

Kerala gets ₹44,000-cr national highway projects

The Kerala government has agreed to develop 600 km of national highways in the state for which it will invest ₹6,000 crore through its share of ₹3,000 crore from the GST income on construction materials. About ₹1,000 crore will be Read More...

NHAI-NIIF ink agreement for ₹75,000-cr investment

The National Highways Authority of India (NHAI) and the National Infrastructure Investment Fund (NIIF) have signed a MoU to bring big ticket foreign investment in the road sector in order to generate ₹75,000 crore this year to meet Read More...

Anat Raj realty in JV launches ₹740-cr project

Delhi-based property builder Anat Raj has tied up with Birla Estate to develop a residential project in Gurugram at an investment of ₹740 crore, said an official spokesperson. Birla Estate is the real estate arm of Century Read More...

Odisha allocated highest ₹5,993-cr for rail projects

Odisha has walked away with the highest ever allocation of ₹5,953 crore for the construction of new rail projects, said East Coast R.ailway (ECoR) sources. Last year, the allotment was ₹5,252 crore. In the Budget proposal, various Read More...

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