News

Railway unveils ₹3 lakh-cr new DFC corridors

The railway ministry has sought approval of the Union Cabinet to build three new dedicated freight corridors (DFC) entailing an investment of ₹3 trillion, said a senior government official. While the East-West Corridor of 2,328km Read More...

LIC pushes ₹1.25 lakh-cr in country’s highway sector

Insurance giant LIC has agreed to offer ₹1.25 lakh crore line of credit by 2024 to finance highway projects, said the Union Transport Minister, as the ministry is keen on timely execution of the ₹8.41 lakh crore ambitious Bharatmala Read More...

M’rashtra clears ₹24,000-cr metro rail corridors

The state cabinet in Maharashtra has cleared three new Metro corridors for Mumbai which will come up at an estimated cost of about ₹24,000 crore. While one route will serve parts of eastern and south Mumbai, the other two Read More...

KMRL takes up ₹4,959-cr tunneling to link airport

The much delayed 3.7 km tunneling project between Kolkata airport and New Barrackpore under Jessore Road is set to start shortly as the Kolkata Metro Rail has cleared the project. This is the first stage of the link between Kolkata Read More...

Railway speeds up ₹1,540-cr Chandigarh-Baddi rail link

To speed up construction of the Chandigarh-Baddi railway line, the Union railway ministry has not just accorded it the status of ‘special railway project' but also approved ₹1,540 crore for the mega project, which has been fast tracked Read More...

SCR approves ₹13,506-cr for new rail lines

The Indian Railways has sanctioned ₹13,506 crore for various development works in the South Central Railway located in and around Vijayawada. A sum of ₹175 crore has been allotted for Vijayawada-Bhimavaram-Nidadavolu doubling and Read More...

Decks cleared for ₹8,312-cr Pune metro project

The state cabinet in Maharashtra has decided to hand over three plots of government land in Pune to the Metropolitan Region Development Authority (PMRDA) as part of its viability gap funding of ₹812 crore for the proposed metro rail Read More...

TNHB plans ₹550-cr towering structure

Cashing in on the emerging biz avenues in residential and commercial spaces, the Tamil Nadu Housing Board (TNHB) plans to construct a mall-cum-residential tower in Ashok Nagar of 70-m height and entailing an investment of ₹550 crore Read More...

DDA plans twin model sectors in Delhi

Delhi Development Authority has decided to develop two model sectors to promote its land-pooling policy. According to DDA vice-chairman Tarun Kapoor, the model sectors will encourage owners to come forward and aggregate their Read More...

Jangpura becomes nerve centre for RRTS corridors

The semi-high speed regional rapid transit system (RRTS) which will connect Delhi with regional nodes Meerut, Panipat and Alwar will have its operational centre in South Delhi's Jangpura area, said Chief Public Relation Officer (CPRO) Read More...

Vadodara launches three town planning schemes

In order to develop new areas beyond its current municipal limit, the Vadodara Municipal Corporation (VMC) has embarked upon infrastructure development. The Vadodara Urban Development Authority (VUDA) is set to implement a Read More...

Srikalasthi Steel Pipes plans ₹400-cr expansion

To cater to increasing demand for Ductile Iron Pipes, the board of directors of Srikalahasthi Pipes has taken a decision to increase the capacity of its Ductile Iron Pipe plant from 3,00,000 tons to 5,00,000 tons per annum at an Read More...

Jammu airport expansion gets Center's nod

The Central government has cleared a proposal for ₹92 crore for expansion of runway at the Jammu Airport. This will bring operations of wide-bodied aircraft such as the B-321, and thereby increase passenger flow in the state. The Read More...

BISRA resumes mining operations in Odisha

Rashtriya Ispat Nigam Ltd (RINL) subsidiary BISRA Stone Lime Company (BSLC), is set to resume mining operations after a brief hiatus, said a statement from the Ministry of Steel. BSLC had to cease operations from July 2019 due Read More...

NHB's new norms to affect developers: CARE

According to CARE Ratings, the National Housing Bank's (NHB) recent directives on interest subvention products is likely to have an impact on the sales velocity of the developers and the loan book growth of the housing finance companies Read More...

Metro projects in Kolkata get funding booster

To speed up the multiple metro projects in Kolkata, the Centre has pushed fund allocation for Noapara-Barasat metro project; and has also sanctioned funds for construction of two other projects, which did not get much benefits in Read More...

PWD plans multiple underpasses in Delhi

The PWD in Delhi plans to build multiple underpasses at various locations of the national capital. These include an underpass with two-lanes of 400m, which will start on the Anuvrat Marg and turn right on the MB Road for Saket Read More...

Triple deck flyover on Mehrauli-Badarpur corridor on cards

The Public Works Department (PWD) and DMRC have decided to collaborate for the construction of Delhi’s first triple deck train-vehicular flyover-underpass at the Mehrauli-Badarpur corridor. The Mehrauli-Badarpur (MB) Road is one Read More...

Road building hits 28.5 km per day in new fiscal

According to NHAI sources, the first two months of the new fiscal appeared promising for highway construction with the pace going up by 9.6% to 28.5 km/day during the April-May period, as against 26 km/day in the same period Read More...

Railway mulls China-style IRRC entity for rolling stock

In an ambitious initiative, the railway ministry is looking to corporatize all its manufacturing units (rolling stock, locomotive and wheels) under a single entity, and the plan has been listed in the 100-day roadmap of the railway Read More...

NHAI awards 9 packages of Delhi-Mumbai e-way

In a bid to complete the mega road project within the stipulated timelines, the NHAI has recently awarded nine of the 40 packages of the Delhi-Mumbai Expressway, which involves an investment of ₹90,000 crore, said official sources. Read More...

IRSDC plans ₹895-cr multi-model hub at Surat railway station

The Indian Railway Station Development Corporation (IRSDC) has decided to convert the Surat railway station into a multi-modal transport hub based on global standards. Union Railways Minister, Piyush Goyal informed they will Read More...

Eastern Railway gets ₹2,366-cr infra booster

In a bid to build world class rail network in the entire north eastern region of the country, the Central government has approved ₹2,366.99 crore for construction of new railway lines across the region, said an official spokesperson Read More...

Surat Metro sets to float tender for ₹12,020-cr project

In a recent development, the Surat Rail Corporation (SMRC) under the stewardship of its new managing director M Thennarasan has decided to float tenders for the ₹12,020 crore mega metro projects. Laying of the first 10 km of rail Read More...

Cabinet clears ₹1,600-cr for Debang hydro project

The Cabinet Committee on Economic Affairs (CCEA) cleared ₹1,600 crore for pre-investment activities for the Dibang Multipurpose Project in Arunachal Pradesh involving an investment worth ₹28,080.35 crore. The 2,880 mw hydropower Read More...

MMRDA hastens ₹10,986-cr Metro 2B corridor

The Mumbai Metropolitan Region Development Authority (MMRDA) has finalized designs for the upcoming ₹10,986 crore Metro-2B (DN Nagar to Mandale) corridor, said RA Rajeev, metropolitan commissioner, MMRDA. On the upcoming route Read More...

DMRC launches Phase-IV of the metro project

The Delhi Metro Rail Corporation has started carrying out preliminary work on the Phase-IV of the metro project with the Delhi government granting its approval to the six proposed corridors of the mega metro venture. The project was Read More...

ECR secures ₹4,560-cr for building new rail projects

The East Central Railway has received ₹4,560.12 crore from the Centre as part of the budgetary allocations for construction of new rail lines, said chief public relations officer (CPRO) Rajesh Kumar. The amount is almost 13.5% higher Read More...

Phase-II of Dwarka e-way project gets go ahead

The much-delayed package two of the Dwarka Expressway has received the Delhi government's approval to start construction. The permission for transplanting and felling trees on this stretch was granted recently by the Forest Read More...

BMRCL plans underground ring metro project

Bangalore Metro Rail Corporation Limited (BMRCL) is set to start preliminary work on an inner ring metro to resolve congestion in core areas of the city. The planned 35 km underground metro line connects Sandal Soap Factory Read More...

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