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...

Govt speeds up Rs. 2,700cr bridge project

Zuari Bridge Project
Adding to the state's road infrastructure, the transport ministry is all set to take up the construction work on the new Zuari bridge project in Goa at an investment worth Rs. 2,700-cr very shortly. The mega project contains scope of work on the 640-metre-long, eight-lane cable-stayed bridge across the Zuari River Read More...

WB fires Rs. 677-cr into water infra project

World Bank Water Infra Project
In a major booster to strengthen the water infrastructure in Bangalore, the World Bank has cleared a staggering sum worth Rs. 677-cr as loan for Karnataka Urban Water Supply Modernisation Project. In this connection, an agreement was signed by Department of Economic Affairs Joint Secretary Raj Kumar on behalf of India Read More...

Hiab secures loader cranes order

HIAB Loader Cranes
In a latest development to add to its order book, Hiab, which is a part of Cargotec Corporation, has received an order for 250 HIAB loader cranes from Ashok Leyland, one of India's major truck manufacturers and that the orders has been booked for Cargotec's 2016 first quarter order intake, said official sources, Read More...

Haulotte in Ceremony of changing the cover of Kaaba

Haulotte Compact 14 Kaaba KSA
The covering of the Holy Kaaba in Mecca is considered one of the most important aspects of care, interest and glorification of the Sacred House. Even today in Mecca this ancient ritual is being practiced with full enthusiasm. The holy Kaaba is covered with new Kiswa (cover) every year on the 10th Dhul Hijjah, which Read More...

South Asian highway worth 1,400km on anvil

South Asian highway
In a major fillip to highway building process in the regions of India, Thailand, and Myanmar are all set to announce a 1,400-kilometre long highway directly linking India to Southeast Asian regions by land for the first time, which in turn will result in a big booster to trade and economic activities, Indian Ambassador Read More...

BMC launches Rs. 2,000-cr twin-tower complex

twin tower complex
In a first of its kind project in the construction sector on the salt pan land in the city, the Maharashtra government has recently announced the construction office-cum-residential complex entailing an investment worth Rs 2,000-cr on the 41-acre plot (16.5 hectares) at Wadala. The site is currently known as the Suleman Read More...

Piramal infuses Rs. 425-cr in realty project

Piramal Realty Project
At a time when the whole scenario in the country's real estate sector is gathering momentum as it in the recent past witnessed a flurry of investment proposals in realty projects across the country. Close on the heels of the global investment firm, KKR announced plans to invest Rs. 145-cr in Mantri Developers in Bengaluru Read More...

Odisha awaits Rs. 4,000cr NIMZ project

Odisha NIMZ project
In yet another booster to the industrial projects in the state, the Central Government is all set to clear NIMZ project spreading across over 163 sq. km and entailed a whopping investment worth Rs. 4,000cr. On this score, the DIPP is currently waiting for an official communication from the state government. It may Read More...

Hybrid model turns out a big draw

Highway Projects on Hybrid Annuity Model
After initial hiccup, the hybrid annuity model for awarding highway contracts introduced by the government is turning out to be a big draw as it is attracting more and more infra builders and bidders in the road sector, ratings agency ICRA said in a recent report, adding that in beginning with no bids for the first project Read More...

IDFC secures Rs. 475-cr for realty projects

IDFC Fund Realty Projects
In an attempt to make the most out of the emerging business avenues in the country's real estate sector, the IDFC Alternative funds, the asset management arm of infrastructure-focused lender IDFC, has secured funds to the tune of Rs. 475-cr under its real estate focused IDFC Score Fund, said an industry insider, claiming Read More...

Altico infuses Rs. 130-cr in realty projects

The Nest Residential Project
Altico Capital, which is a Mumbai-based non-banking finance company, in a recent development has invested Rs. 130-cr in two residential projects in Mumbai and National capital whereby the financer has closed Rs. 50-cr transaction with Noida based Lotus Greens group for a residential project named 'Arena I' Read More...

KMDA speeds up Rs. 7,600cr metro projects

Kolkata Metro Project
In its quest to provide complete connectivity for habitants across the city, Kolkata Metro Development Authority (KMDA) is cruising ahead with world class metro network with a length of 50 km and entailing an investment worth Rs. 12,000cr. The projects included a 17 km long Joka-BBD Bagh line via Majerhat at a cost of Rs 2,913cr, Read More...

AP announces Rs. 18000-cr road project

Sidda Raghava Rao
In order to provide top class connectivity to its new state capital, the state government of Andhra Pradesh has planned a mega road project worth Rs. 18,000-cr from Anantapur to Rayalaseema and then to the new Capital City of Amaravati, said Transport and R&B Minister, Sidda Raghava Rao, adding that the straight Read More...

BMRC plans 102km Phase-III expansion

Bangalore Metro Rail Corporation
Adding to its existing 156km length of metro network, the Bangalore Metro Rail Corporation has decided to add 102km length to cater to the increasing numbers of commuters in the third phase of the Metro project. In this connection, the feasibility study has been carried out by the railway subsidiary RITES to connect Read More...

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