Industry News

thyssenkrupp Elevator now called TK Elevator with new global brand TKE

TK Elevator, a leading global player in the elevators and escalators market, has announced the launch of its new global brand, TKE. The new brand name came from the change in ownership that took place last year

ICRA: Residential realty sector records K-shape recovery

According to ICRA, the residential realty sector is witnessing a K-shaped recovery with large listed players recovering at a much faster pace than smaller and unorganized players. It further reiterated that the broader market

NHAI floats tender for ₹201-cr road project

The National Highways Authority of India (NHAI) has floated tender for the construction of six-laning of Panipat-Jalandhar section of the highway across Punjab and Haryana. The scope of work includes six-laning Read More...

PMAY (Gramin) gets ₹7,000-cr housing booster in UP

The UP Government has made a provision of ₹7,000 crore under the Pradhan Mantri Awas Yojana (Gramin) in the Budget for the next fiscal. A provision of ₹369 crore has been made under the Mukhyamantri Awas Read More...

NHAI’s new record: Constructs 25 km road in 18-hour time

NHAI has created a new record by completing the asphalt work on a 25.54 km single-lane stretch under the 4-laning work on the Solapur -Bijapur highway in just 18 hours. Union Minister Nitin Gadkari informed that the record Read More...

Migsun realty plans ₹500-cr project in Lucknow

Realty developer Migsun Group will invest ₹500 crore in a residential and commercial project in Lucknow. MD of Migsun Group, Yash Miglani, informed that the project is located next to Medanta Hospital and will Read More...

UP earmarks ₹2,501-cr for metro rail network

UP government has allocated ₹2,501 crore for building a world class metro rail network across cities in the state. There is a provision of ₹597 crore for the Kanpur metro rail project in the budget presented by state's Finance Read More...

ECR unveils ₹173-cr Gaya railway station upgrades

GM, ECR, L C Trivedi, informed that the East Central Railway (ECR) has worked out a plan to redevelop Gaya Junction as a world-class station. RLDA has been assigned the task to redevelop Gaya station. Chief public relations officer Read More...

MoRTH clears ₹16,000-cr RRR project in Hyderabad

The road transport and highways ministry has given its in-principle approval for the 340 km long four-lane access-controlled highway, Regional Ring Road (RRR), around Hyderabad city connecting almost 20 developing towns Read More...

Centre approves 2 road projects in AP

The construction work on the 465-km long NH-130-CD, which is a part of Visakhapatnam - Raipur Economic Corridor, is all set to gain pace with the MoRTH approving two six-lane packages of the highway costing ₹1,500 crore Read More...

Kerala Govt nods for ₹7,446-cr Light Metro Rail Project

Kerala Government has given administrative sanction for the Light Metro project for Thiruvananthapuram and Kozhikode costing ₹7,446 crore. Kerala Rapid Transit Limited (KRTL), the special purpose vehicle set up to execute Read More...

GWMC takes up ₹1,100-cr Metro Neo venture

Greater Warangal Municipal Corporation (GWMC) has initiated the construction process of the Metro Neo project at Warangal city for ₹1,100 crore in Telangana. The detailed project report (DPR) for the 17-km long project Read More...

NCRTC launches construction of bridge on Yamuna River

The National Capital Region Transport Corporation (NCRTC) has started the construction work on a 1.35-km-long bridge project on Yamuna. It will be the 17th such bridge to come up on the river. It is a part of the 82-km-long Read More...

MahaMetro expedites Phase-II of Nagpur metro

MahaMetro is all set to start work on Nagpur Metro phase II in the next couple of months. Allocation for phase II has been made in the Union Budget for 2021-22. Union ministry of housing and urban affairs Read More...

PWD hands over ₹628-cr road construction to KRFB

The Kerala Road Fund Board (KRFB) has taken over the road project from PWD to develop the Thammanam-Pullepady road stretch as a four-lane road and to extend the same to M.G. Road and the NH Bypass Read More...

UP allocates ₹76,489-cr to Ganga Expressway

Uttar Pradesh Government has allocated ₹76,489 crore for the construction of the country's longest Ganga Expressway. Out of the total allocated amount, ₹489 crore has been provided for carrying out construction work Read More...

MPowered launches 'MWire' to empower women in Real Estate Industry

Gurugram-based Asset Management Firm MPowered announces the launch of its latest vertical called, 'MWire'. The term 'WIRE' stands for Women in Real Estate and has been launched with a vision to welcome more women Read More...

Berger Paints & Dhunseri plans ₹500-cr expansion

Berger Paints and Kolkata-based Dhunseri Group are contemplating to invest ₹500 crore at Panagarh Industrial Park near the industrial township of Durgapur in West Bengal. The paints major is planning to invest around Read More...

Ikea opening its shopping centre in Noida

The Sweden-based furniture manufacturing major, Ikea, is all set to open its shopping centre in India as the company took over a land parcel stretching across 50,000 sq metres in Noida's Sector 51. This project will build Read More...

Central Park realty plans ₹500-cr projects

Luxury real estate building major Central Park has decided to invest ₹500 crore in the development of multiple school buildings within its housing societies. The company has planned two schools at Central Park Resorts Read More...

NHAI plans Periodic Quality Audit and Independent Inspection of NH Projects

NHAI has planned to launch a drive for Independent Inspection of its ongoing National Highways projects across India, by involving reputed retired government officials. It is a major step towards construction of world class highways Read More...

Ashwin Sheth Group & Emami Group's JV - 'Avanté' at Kanjurmarg

Ashwin Sheth Group and Emami Group's joint venture - Avanté is ready to take Kanjurmarg to a new level of uber-luxury, 'Where finest living meets effortless connectivity'. Spread over 1.8 acres, Avanté is situated on LBS Marg Read More...

Shapoorji Pallonji E&C achieves 50 Million safe manhours at a project site in Delhi

Shapoorji Pallonji Engineering & Construction has accomplished many milestones and records over its long history of 154 years. Health, Safety and Environment compliances are accorded the highest priorities in SP E&C Read More...

AIIB to invest $5-bn across projects in India

The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) will be investing $5 billion in the next two years to finance 20-30 projects in India. The former chief secretary of Gujarat and VP Read More...

Mahindra Lifespace launches realty project in Pune

The real estate & infrastructure development wing of Mahindra Group, Mahindra Lifespace Developers has announced the launch of 'Happinest Tathawade', a first-of-its-kind fusion homes residential project Read More...

L&T Construction wins multiple EPC contracts

L&T Construction has bagged multiple contracts in its various business segments. In the Power Transmission & Distribution (PT&D) Business, it won two EPC orders to set up over 400 MW Solar Photovoltaic projects in Gujarat Read More...

NEC Corporation India to transform Thiruvananthapuram into smart city

NEC Corporation India, a wholly-owned subsidiary of NEC Corporation, has won the mandate to drive Thiruvananthapuram’s Smart City project. Prime Minister Narendra Modi inaugurated the project alongside the Kerala CM. As the master system integrator for the city’s Integrated Read More...

NHAI expedites ₹2,400-cr highway project in Kochi

Construction work for the road project to widen the 25-km EdappallyKodungalloor NH 66 stretch into a six-lane highway is expected to begin shortly. It is part of the 164-km Edappally-Ramanattukara NH 66 stretch Read More...

UP plans ₹2,087-cr green corridor along Gomti River

The UP Government has decided to build a green corridor along the Gomti River which divides the city into two parts. It will take around three years to construct a four-lane 55.65 km green corridor along the Gomti Read More...

Kalpataru kick-starts ₹300-cr real estate project

Kalpataru Group has launched a premium residential project Kalpataru Park Riviera at Panvel in Mumbai housing over 400 apartments and entailing ₹300 crore investments. The project spreads over an area Read More...