Kuehne+Nagel India launches e- vehicles to decarbonise its road services

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

Read more …

ArcelorMittal Reports Strong 2024 First Quarter Earnings

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

Read more …

SM REITs to Unlock ₹68,000-71,000 Cr Monetisation Opportunity: ICRA

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

Read more …

Max Estates Secures ₹388 Cr Investment from New York Life

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

Read more …

Jindal Stainless announces ₹5400-cr investment strategy

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

Read more …

Dalmia Transport selects Roadzen's DrivebuddyAI to enhance fleet safety

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.

Read more …

KEC International Secures Diverse Orders Worth ₹1,036 Cr

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

Read more …

Construction Pace Expected to Slow in FY25, Says CareEdge Ratings

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

Read more …

DBF and KVB Partner for Rural Youth Skill Development

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

Read more …

Rockwell Automation to Open New Manufacturing Facility in Chennai

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

Read more …

Construction sector entities' revenues to grow by 12-15% in FY25: ICRA

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

Read more …

Caterpillar Unveils Largest Track Loader: Cat 973

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

Read more …

Simplex Castings Selected as Manufacturing Partner for TsNIIchermet

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

Read more …

IRCON Secures Rs 1,200 Cr Railway Project in Joint Venture

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

Read more …

Bullet Train Project to Include Sabarmati Rolling Stock Depot

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

Read more …

CREDAI MAHA & Disha Foundation Sign MoU to Support Construction Workers

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

Read more …

KPMG in India & Arkieva Form Alliance for Digital Supply Chain Solutions

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

Read more …

SANY Heavy Industry Opens New Facility in Odisha

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

Read more …

JICA Reaffirms Commitment to Safety in Indian Infrastructure Projects

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,

Read more …

Cube Highways Trust Acquires 7 Highway Assets Valued at ₹5,172 Cr

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.

Read more …

Sumadhura Group Expands Bengaluru Footprint with 40-Acre Land Acquisition

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

Read more …

First Steel Bridge Launched for Mumbai-Ahmedabad Bullet Train Corridor

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

Read more …

REC Limited to Fund 624 MW Kiru Hydro Electric Project in J&K

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

Read more …

KRDCL-RVNL JV Wins Bid for Redevelopment Project from Southern Railway

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

Read more …

SJVN Inaugurates India's 1st Multi-Purpose Green Hydrogen Pilot Project

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

Read more …

South Eastern Railway Floats Tender for Construction Projects in WB

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

Read more …

ArcelorMittal Nippon Steel India Plans Rs 85 Bn Fundraise for Expansion

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

Read more …

K Raheja Corp to Redevelop SOBO Central Mall into Luxury Residences

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

Read more …

Gerrit Marx Appointed as CEO of CNH Industrial N.V.

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

Read more …

MMRDA Implements Heat Safety Measures for Construction Workers

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

Read more …

To get latest updates on whatsapp, Save +91 93545 87773 and send us a 'Saved' message
Click Here to Subscribe to Our eNewsletter.