Tata Value Homes secures $ 50-mn infusion

Tata Value Homes
In an encouraging development in the real estate sector, the UK government-owned development finance entity, CDC, has decided to invest $25 million in Tata Value Homes, which is a wholly owned subsidiary of Tata Housing Development Company, mainly focusing on affordable housing projects, official sources said Read More...

Britain unveils JV for three smart city projects

Britain Smart City Joint Venture
Buoyed by the government eagerness to build 100 smart cities across the country, Britain is all set to collaborate with the state governments and the municipal authorities to develop Pune (Maharashtra), Indore (MP), and Amravati (Andhra Pradesh) urban towns into smart cities, British High Commissioner to India Read More...

J&K gets two AIIMS, two smart cities

Mehbooba Mufti
Injecting a major booster to Jammu and Kashmir, the Centre has cleared two All India Institute of Medical Sciences (AIIMS) and two smart cities for the state, Chief Minister said in a recent statement. Adding that one each AIIMS has been sanctioned for Jammu & Kashmir by the Centre. In Jammu, AIIMS Read More...

SPV in place for smart city project

SPV For Smart City Projects
Fast tracking the building of smart city project, the Coimbatore Corporation has initiated steps to register the Special Purpose Vehicle (SPV) that will steer the execution of the projects under the Central Government's Smart City project, said official sources, claiming that the Corporation has named the SPV Read More...

RInfra targets Rs. 10,000-cr from EPC contracts

Reliance Infrastructure
The Anil Ambani owned Reliance Infrastructure, which currently commands an EPC order book worth Rs. 3,075-cr and revenues stood at Rs 2,774 crore, has decided has set an astounding revenue target of Rs 10,000-cr by focusing on the EPC model in the current fiscal. To further boost its business prospects, it is currently Read More...

Road safety scheme worth Rs. 2,000cr on anvil

Road Safety Scheme
In order to put a break on the increasing number of accidents on national highways, the Centre is all set to launch a new scheme-'Pradhan Mantri Surakshit Sadak Yojana' for highway users and has already cleared Rs. 2,000-cr for the purpose. In this connection, the scheme, which aims at better designing and road engineering Read More...

Everest Industry unveils manual PEB technology

Everest Manual PEB Technology
Moving a step ahead in the segment, Steel Building Solutions, the Pre-Engineered Building division of Everest Industries Ltd, has recently launched technical manual on Pre-Engineered Building (PEB) technology, which will be used by architects, design engineers, and project managers as a technical orientation Read More...

Govt. fixes 300-mn tons steel-making target

Steel Manufacturing
In an attempt to inject a booster to the steel manufacturing segment, the government has targeted to increase steel production to 300 million tons, said official sources, claiming that the concerned ministry is currently reviewing the performance of public sector, Manganese Ore India Limited (MOIL) and that Read More...

AP launches Rs. 412-cr rural roads

Rural Roads in Andhra Pradesh
In order to provide hassle-free transport facilities to the rural folk in the Srikakulam district of Andhra Pradesh, the state government has decided to build road network worth Rs. 412.04-cr in the rural belt of the region in the current fiscal. The roads, which have already been constructed under the supervision Read More...

KDP Infra to invest Rs 250 cr in a premium luxury project

KDP Infra Coral Ridge
KDP Infrastructure Pvt. Ltd., one of the leading real estate developers, has launched its new premium luxury project "Coral Ridge". The project is strategically located in the prime location, near Raj Nagar Extension, in close vicinity of the upcoming International Read More...

Gujarat gets Rs 2 lakh-cr for infra projects

Nitin Gadkari
In order to build world class road and port infrastructure in Gujarat, the central government has set a towering target worth Rs. 2 lakh-cr for building infra projects in the next 3 years, said official sources. Elaborating that it has already laid the foundation stone Read More...

Rail sector secures Rs. 93k-cr investment

Investment In Rail Sector
In an encouraging development in the Rail and Road Infra Building Segment, the government has commissioned 1,780 km of rail lines and over 6,000 km of highways in 2015-16 fiscal, the PMO said in a recent statement, adding that these stats have emerged in the recent review of key infrastructure sectors' projects Read More...

Gujarat goes for Rs. 2,640-cr road projects

Road Projects in Gujarat
In order to connect important religious and tourist places between Bhavnagar and Somnath in Gujarat, four road projects worth Rs 2,640-cr have been awarded recently, NHAI sources, said detailing that 256 km long Bhavnagar to Somnath section of NH-8E (New NH-51) is an important link to connect religious and tourist Read More...

GDA launches twin flyovers’ projects

Flyover in Ghaziabad
In an attempt to ensure smooth flow of vehicular traffic on the Ghaziabad-Meerut Road, which was earlier a part of NH-58, the GDA is all set to start construction work for two flyovers in Ghaziabad. The mega flyover projects are being built at the Raj Nagar Extension Crossing and also at the Vasundhara Traffic Signal on the Read More...

Boomer rigs work wonders for rail projects

For the Pragati Engineering and Rail Project, the Mumbai-based firm and incharge of the twin tube tunnel project of the Indian railways, boomer drill rigs are currently working wonders as one boomer drill rig is currently in operation and the second one will undertake drilling work from the other side of the proposed tunnel, official sources said, explaining that the twin tube tunnel Read More...

Govt clears Rs. 2,335.68-cr rail project

Vizianagaram Titlagarh 3rd Line Project
The Cabinet Committee on Economic Affairs in a recent move has given its approval for taking up Vizianagaram and Titlagarh 3rd line project with a length of 264.6 km., commanding an investment worth Rs.2,335.68-cr with completion period of five years, said railway sources, elaborating further that the 3rd line is an Read More...

Govt. injects Rs. 10,736-cr booster in rail sector

Indian Rail Sector
The Union Cabinet approved an investment of Rs 10,736-cr for 5 railway projects involving decongestion of the existing network by doubling and tripling of existing lines. Most of these lines are over-saturated with a capacity utilisation of more than 100% and that the doubling and tripling projects would benefit multiple Read More...

Jharkhand secures Rs. 5,000-cr road project

Jharkhand road project
Adding to the state's road network, the Centre has approved funds to the tune of Rs. 5000-cr for the construction of 847 kilometre long road in Jharkhand, which would be executed by National Highway Authority of India, Secretary to the government of India in the department of Road Transport and Highway, Sanjay Mitra, Read More...

India inks Rs. 1 lakh-cr Chabahar port pact

Chabahar port pact
In a giant leap forward in the international arena, India has recently cemented a historic agreement by inking a trilateral pact between India, Afghanistan, and Iran for a trade treaty to develop the Chabahar port. It is Iran's only port on the Indian Ocean, and once developed, it will allow India to access Central Asia Read More...

MEP Infra secures Rs. 624-cr road project

MEP Infra Road Project
dsgfdIn a joint venture, MEP infrastructure together with Sanjose India Infrastructure & Construction has recently secured a highway project in Gujarat at an investment worth Rs. 624cr. The scope of work in the project included the construction of four laning of Talaja—Mahuva section of NH 8-E in Gujarat on the Read More...

VPT plans Rs. 500-cr road infrastructure

Visakhapatnam Port Trust
The Visakhapatnam Port Trust (VPT) has recently decided to build a major road project to provide connectivity between Ayyappa junction and Sabbavaram in the city at an investment worth Rs. 500-cr for which the work on the DPR by the NHAI is currently underway and will be ready shortly. Prior to this, the VPT bagged two Read More...

Centre goes for Rs. 852-cr highway project

Highway Projects in Jharkhand Bihar
In order to build top class road network in the border belt of Jharkhand and Bihar, the Union government has cleared Rs. 852-cr to cover the present road between Ranchi—Bero on NH-23 and Ranchi—Bijupara on NH-75 to four lanes. The road project between Hazaribag and Barhi would be allotted by the NHAI very shortly and that Read More...

Maharashtra approves Rs. 230cr road project

Road Projects in Maharashtra
For the construction of 2.5km long flyover projects in Maharashtra worth Rs. 230cr, the National Highways Authorities of India (NHAI) has completed the detailed project report covering the area between LIC Square to Nelson Square and that the DPR has already been submitted to NHAI headquarters in New Delhi for initiating Read More...

Smart City drive takes 13 more clusters on board

Smart City Drive
In the on-going process of building 100 smart cities across the country in the next five years, the Central government recently added 13 more urban clusters in the existing list of 20 cities selected earlier. Lucknow, New Town in Kolkata, Bhagalpur in Bihar, and Dharamshala in Himachal Pradesh are among others to be Read More...

NMRCL fast tracks Rs. 1,200cr metro project

Nagpur Metro Project
The entire process to initiate the work on preparation of Detailed Project Report (DPR) of London Street metro project is all set to start shortly with Nagpur Municipal Corporation (NMC) submitting a formal proposal to Nagpur Metro Rail Corporation Ltd (NMRCL). In this connection, the metro agency had done a preliminary Read More...

Highway project in J&K gets go ahead

Jammu Kashmir Highway Project
In a latest development, the Union Government has given a 'go ahead' signal to Jammu and Kashmir government to upgrade the NH stretch from Batote to Kishtwar via Chenani-Sudh Mahadev-Khelani following reports by the geological experts that Batote-Kishtwar Highway is sinking fast. In this connection, the construction work Read More...

AP unveils Rs. 2,000cr road projects

Ayyanna Patrudu
In a major boost to rural roads in the state, Panchayats in Andhra Pradesh, have launched road projects worth 4,500-km entailing a staggering investment worth Rs. 2,000cr, Panchayati Raj Minister, Ayyanna Patrudu, said recently, reiterating that in the wake of the forthcoming Pushkarams, 244 panchayat roads work had been Read More...

Port project worth Rs. 3,000cr up for grab

Port Project in Andhra Pradesh
The state government in Andhra Pradesh is all set to award a mega port project at an investment worth Rs. 3,000-cr in the north coastal region of the state. On this score, the government has set June 30, 2016 as deadline for submitting bids for the green-field Bhavanapadu Port in Srikakulam district. It may be recalled Read More...

Cabinet clears Rs. 2,917.06cr rail project

Bina Katni Rail line Project
Injecting major booster to the rail infra sector, the Cabinet Committee on Economic Affairs has given its approval for taking up Bina-Katni 3rd line project at an estimated investment worth Rs. 2,917.06cr. The project with a length of 278.7 km is expected to be completed in five years. Among other things, it will facilitate Read More...

Piramal pushes Rs. 350cr in realty project

Piramal Realty Project
The real estate investment arm of Ajay Piramal, Piramal Fund Management, is all set to invest Rs. 350-cr in an integrated township of property developer and land owner Cornerstone Group, said sources adding that the project, after the latest funding infusion will be spread across 1,000 acres on the outskirts of the Read More...

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