News

UKIBC-MIDC ink MoU to explore newer biz avenues

The UK India Business Council has signed a Memorandum of Understanding (MoU) with the Maharashtra Industrial Development Corporation (MIDC) to help Maharashtra better its business environment and to strengthen its collaboration Read More...

IIA Natcon 2020 to focus on Self-Reliance & Resilience in Architecture

The Indian Institute of Architects (IIA) is organizing the Natcon 2020 on the 11th and 12th of July, as an online event using a multifaceted platform. The National Convention will follow the theme 'Transcend' which will focus Read More...

PWD in Kerala invites bids for an elevated highway

The Public Works Department, Kerala, has invited bids for up-gradation of the Alappuzha Changanassery Road into a semi-elevated highway. The project will be undertaken on engineering, procurement and construction (EPC) mode Read More...

Arunachal Pradesh gets ₹933-cr highway project

The ministry of road, transport & highways (MoRTH) has given financial, administrative and technical sanctions for the two packages of the Itanagar to Banderdewa four-lane highway project involving ₹933 crore investments Read More...

Govt approves ₹1,691-cr border road network

The government has approved an additional ₹1,691 crore for roads to be built by the Border Roads Organisation (BRO) in J&K and Uttarakhand during the current fiscal. The road transport and highway ministry has informed Read More...

Noida unveils ₹467-cr elevated road corridor

To ensure the smooth flow of vehicular traffic in the twin satellite cities of Noida and Greater Noida in the NCR region, the Noida authority has started the construction work on 5.5 km elevated stretch over the Dadri Read More...

GMRC floats tenders for ₹805-cr metro rail contract

To offset the delay caused by the Covid-19, the Gujarat Metro Rail Corporation (GMRC) has invited bids for carrying out work on the Surat Metro Rail Project Phase-1 involving an investment of ₹805.15 crore. The project work Read More...

Godrej launches a realty project at Worli in Mumbai

Godrej Properties has entered into an agreement with realty developer Akshaya Sthapatya (ASPL) to jointly develop a 1.1 million sq ft residential project at Worli, Mumbai. The sea-view project is the first such deal Read More...

U'khand approves ₹2,200-cr extensive mobility network

The extensive Mobility Plan of the Uttarakhand Metro project entailing an investment worth ₹2,200 crore got approved from the state government. The project includes the construction of the Personal Rapid Transit (PRT) project Read More...

Indian Railway starts construction of a ₹250-cr bridge in TN

Indian Railways has started the construction of a new railway bridge at the Pamban Sea, Rameswaram in Ramanathapuram district of Tamil Nadu entailing an investment of ₹250 crore. The logistical materials required for the Read More...

U'khand Govt approves three road projects near China border

Amid the heightened tensions between India and China, the Uttarakhand government has approved the construction of strategically important roads to the China border in the Gangotri National Park. The roads aim at reducing the Read More...

Gadkari inaugurates VVDN Technologies Global Innovation Park in Manesar

The Union transport minister, Nitin Gadkari inaugurated VVDN Technologies new Global Innovation Park (GIP) spreading across 10 acres in Manesar, Haryana, via video conferencing. The Park, which houses Research Read More...

WB injects $250-mn in TN’s affordable housing sector

The World Bank has signed agreements worth $250 million to promote private sector role in developing affordable housing in Tamil Nadu. The agreement was signed between the World Bank, the Indian Central government and the Read More...

HP pushes the tunnel project on Gramphu-Sumdho highway

The state government in HP is contemplating to build a tunnel ensuring all-weather traffic flow below the 15,000ft high Kunzum pass on the Gramphu-Sumdho highway. Forest and tribal development minister Ram Lal Markanda Read More...

COVID-19 impact on Retail Real Estate

The impact on key financial metrics like net operating income and debt service coverage indicators will be acute in FY2021 due to the rent waivers. It will vary based on revenue share, cost optimisation and leverage levels Read More...

Kerala approves ₹2,000-cr infrastructure projects

The governing and executive body of the state government (KIIFB) has approved 55 new projects involving an investment of Rs.2,002.72 crore. Most of the new projects pertain to building rail over bridges, roads, and other Read More...

New four-lane signal-free corridor to KIA

The Karnataka government has planned to widen the Bengaluru-Tumkur highway up to the Kempegowda International Airport (KIA) connecting the districts via a 32 km long four-lane signal-free corridor costing ₹310 crore Read More...

TSML seals chromite mining deal in Odisha

Tata Steel Mining Limited (TSML) has sealed the execution of the mining lease deal for Kamarda Chromite Mine and Saruabil Chromite Mine in Jajpur district of Odisha. The agreements were signed by Ranjan Kumar Das Read More...

India’s Tryst with Economic Reforms Since Independence

India 2020 is witnessing a tremendous transformation since Independence, following a slew of political, socio-economic and financial reforms, and joining the league of the most vibrant democratic emerging and developing Read More...

Terex announces the expansion of Franna brand in India

Franna – A Terex Brand, the leading provider of mobile pick and carry cranes is set to expand its global manufacturing footprint into India in order to support International growth plans. In addition to production at the Read More...

CIL targets ₹15,700-cr transport infrastructure

Coal India has fast-tracked the coal evacuation by investing ₹15,700 crore in its first-mile connectivity (FMC) projects. The company has already transported 151 mt of coal through a mechanized system, loads through Read More...

MMR region expanded

The Urban Development Department in Maharashtra has extended the area of the Mumbai Metropolitan Region (MMR) to add parts of Palghar, Vasai, Bhiwandi, Kalyan, Ambernath, Karjat, Khalapaur, Pen and Alibaug. It has brought Read More...

Gujarat floats affordable rental housing schemes

The Gujarat government has planned to introduce a new affordable rental housing policy in which the government will incentivize affordable rental housing projects through the public-private partnership (PPP) mode Read More...

Govt announces 280-km-long Chambal Expressway between Rajasthan & Madhya Pradesh

Union Minister Nitin Gadkari has announced the Chambal Expressway road project to facilitate traffic movement between Rajasthan and Madhya Pradesh. Gadkari informed that the 280-km-long expressway will be constructed Read More...

J&K resumes development projects in Baramulla

J&K administration has resumed work on projects in various districts of the Union Territory, including Baramulla. The projects include the road macadamization in Sopore as the road connects Baramulla with the frontier Read More...

NHAI kick-starts construction of ₹4,215-cr six-lane highway

The National Highways Authority of India (NHAI) has initiated work on the 132-km long six-lane Dankuni-Panagarh superhighway at an investment of ₹4,215 crore. The new highway will lead to the complete elimination of the black Read More...

MoRTH announces ₹12,000-cr Surat-Ahmednagar NH project

The Union Transport Minister has announced the construction of the first greenfield 421-km national highway project between Surat in Gujarat and Ahmednagar in Maharashtra, at an investment ₹12,000 crore. The plans are Read More...

DMRC starts casting work on Janakpuri-Ashram metro line

The Delhi Metro, in its Phase 4 project work, has commenced the casting work of u-girders which are being installed at the Janakpuri West–RK Ashram metro corridor's elevated section. At this corridor, u-girders of 28-metre Read More...

NHAI floats tenders for ₹1,053-cr intermodal station

National Highways Authority of India (NHAI) has floated the tender for phase-I of the intermodal station (IMS) at Ajni, entailing an investment of ₹1,053.38 crore. The project will be completed in 2.5 years and the contractor Read More...

ANDRITZ wins equipment contracts for the hydro plant in J&K

ANDRITZ announced the bagging of over €50 million contracts from the Chenab Valley Power Projects for supplying the complete electro-mechanical equipment for the run-of-the-river 624-megawatt Kiru hydropower plant on the Read More...