Adani gets nod for Rs. 464cr port project

Adani-PortProject
In order to speed up projects in the port sector, the Centre's green panel has given clearance to Adani Petronet for the third phase of expansion of its Dahej port in Bharuch district of Gujarat entailing an investment of Rs. 464.32cr. It may be recalled that Adani Petronet (Dahej) Port Pvt Ltd (APPPL) has developed the Dahej port in phased manner and the third phase expansion would entail raising cargo handling capacity from 11.7 million metric tonnes per annum (MMTPA) to 23 MMTPA besides development of additional area to store coal, back up equipment's, coal storage silo at railway siding and other supporting infrastructure. On this score, the Expert Appraisal Committee (EAC) in a recent meeting recommended granting of environment clearance (EC) and coastal regulation zone (CRZ) clearance for phase III expansion, said sources, adding that the committee has proposed EC subject to certain conditions and that based on the recommendation of the EAC, the ministry will take a call on the proposal, said official sources.

Railway targets ₹7,500-cr under TOD scheme

Indian Railways has targeted ₹7,500 crore from three land parcels near metro stations in Delhi through monetization under the Transit Oriented Development (TOD) scheme. The Rail Land Development Authority (RLDA) has written Read More ...

AUDA earmarks ₹1,431-cr for urban infrastructure

Ahmedabad Urban Development Authority (Auda) has chalked out an ambitious plan to invest ₹1,431 crore for construction of new housing units, bridges and roads, and new drainage lines. In addition, the urban development Read More ...

HDFC sets up ₹250-cr fund for residential housing

HDFC in a joint venture with Arvind SmartSpaces has set up a ₹250-crore fund to develop affordable and mid-income housing projects, Arvind SmartSpaces, which is a part of the Lalbhai group. The company has entered into Read More ...

4iR R&D alliance between Highbar of India and eGeneration of Bangladesh

The India-Bangladesh Business Forum aims to accelerate bilateral ties by transfer of knowledge and technology between the two neighboring nations. This year, the forum assembly was highlighted by a landmark 4iR R&D alliance Read More ...

Govt kick-start ₹2,428-cr housing project on K G Marg in New Delhi

Union Minister of Housing and Urban Affairs has launched the redevelopment of Kasturba Gandhi Marg GPRA project where the residential complex is to be constructed by the CPWD at a cost of ₹2,428 crore, in two phases. This Read More ...

NBCC launches reconstruction of ₹4,525-cr complex in Delhi

In a bid to reduce debt of Air India by ₹4,500 crore through redevelopment of its residential colony in Vasant Vihar areas of Delhi, NBCC has submitted a detailed plan for monetization of the 30-acre space involving an Read More ...

GPL lines up ₹5,000-cr for residential & retail realty projects

According to executive chairman of Godrej Properties (GPL), Pirojsha Godrej, the company intends to invest ₹5,000 crore in the next two years, mainly on construction of mid income housing. In fact, shortly after clocking Read More ...

Kerala cruises ahead with ₹50,000-cr infra building plans

The Kerala government has readied an ambitious ₹50,000 crore plan not just to tackle the economic slowdown but also to give a major push to infrastructure building across the state. State FM Thomas Isaac said that the original Read More ...

Govt unveils Metrolite system on Phase-IV corridors

The Ministry of Housing & Urban Affairs has decided to introduce Metrolite system for three corridors of Delhi Metro Project Phase IV. These will include Inderlok to Indraprastha, Lajpat Nagar to Saket G Block and Rithala- Read More ...

DFCCIL-UP inks MoU to build 29 RoBs

A MoU for construction of Road Over Bridges has been inked by DFCCIL, state government of UP, and the North Central Railway to build 29 RoBs on the Eastern Dedicated Freight Corridor on a cost-sharing basis in the state Read More ...

BRO concretizing Zojila tunnel on Srinagar-Leh highway

The Border Roads Organization has decided to concretize the Zojila tunnel section of the Srinagar-Leh national highway for easy passage of small and heavy vehicles and protect the strategic road that is vulnerable to landslides Read More ...

Five architecture firms in fray to rebuild Parliament House

Five Indian architecture firms are in the race for the Centre's ambitious plan to redevelop the Parliament building and the Central Vista. Prior to this, the Union Housing and Urban Affairs Ministry had invited proposals Read More ...

Kalyan Developers launches three projects in Kerala

Kalyan Developers is all set to start construction of three new premium residential projects in Kerala's Thiruvananthapuram, Thrissur and Kochi areas. The projects named 'Gateway' (Thiruvananthapuram), 'Meridian' (Thrissur) Read More ...

Railway approves double tracks on Ludhiana-Mullanpur lines

The Northern Railway Board has sanctioned the proposal for laying double-lane tracks to run more long-distance high-speed trains on the Ludhiana-Mullanpur-Ferozepur rail route. Construction of the ₹20 crore project will Read More ...

Bachchan enters building biz; plans two projects in Mumbai

Amitabh Bachchan has reportedly marked his entry into the real estate business with a 25 percent shareholding in Anand Pandit's next two projects. One is a five-star business premise in Andheri West, and the other Read More ...

Govt and construction equipment makers to discuss eco norms

The Union government plans to hold discussions with CE manufacturers on development of clean fuel variants. The move comes in the wake of EPCA advocating clean fuel in the CE sector with an upgrade from BS-III to BS-IV fuel emission norms Read More ...
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