Maruti Suzuki earmarks Rs. 800cr for realty infra

Maruti Suzuki Realty Infra
Exploring the possibilities to set up an assembly facility in Africa and investing in real estate in India to develop sales and marketing infrastructure, the Maruti Suzuki has laid out an ambitious plan to foray in the country's real estate sector and allocated Rs 800-cr for building the allied infrastructure, Chairman RC Bhargava said, elaborating that the company is looking at acquiring land and leasing it out for future dealerships amid rising real estate prices in the country. Maruti Suzuki is sitting on cash reserves of about Rs 17,000-cr as of end-March. The company has more than 1,800 outlets and workshops in 1,450 cities and towns, a network estimated to be worth over Rs 11,000cr. It aims to take the distribution network to 4,000 outlets to achieve its target of selling 2 million units a year by the end of the decade. Maruti, which had been mandated by parent Suzuki Motor to produce and market vehicles for the African West Asian and some South Asian markets, has commenced feasibility studies to evaluate the potential of setting up a unit in Africa but a final decision has not been taken yet, MD Kenichi Ayukawa insisted.

Railway unveils ₹16,216-cr rail line in Uttarakhand

Indian Railways has decided to build a 125-km long Rishikesh-Karnaprayag new broad gauge rail line in Uttarakhand, which will not just boost tourism, trade and connectivity among five districts of the state but will also Read More ...

NHSRCL floats tenders for 865-km long high-speed rail line

The National High-Speed Rail Corporation Limited (NHSRCL) has invited bids for preparing DPR for the 865-km long and the second Delhi-Varanasi high-speed rail corridor in the country. The bullet train will reach Delhi Read More ...

NHAI invites bids for ₹1,417-cr EPC project in Gujarat

The National Highways Authority of India (NHAI) has floated tenders for the eight-lane access-controlled expressway project in Gujarat. The scope of work, involving an investment of ₹1,470.07 crore, includes the construction Read More ...

Railway launches ₹250-cr vertical lift sea-bridge in TN

The Indian Railways has commenced the construction of the country's first vertical lift railway sea-bridge at Pamban in Ramanathapuram district of Tamil Nadu. The construction work is to be completed within the next Read More ...

MoRTH hastens the groundwork on Delhi-Katra expressway

Union minister Jitendra Singh informed that the transport ministry has sped up the groundwork on the Katra-Delhi express road corridor as the land acquisition process is in full swing and the Mata Vaishno Devi shrine Read More ...

ICF Chennai floats tenders for 44 high-speed train sets

The Railway Ministry informed that the Integral Coach Factory, Chennai, has floated tenders for 44 semi high-speed rakes or train sets and the financial e-bid and EMD particulars should be submitted online as Read More ...

NH network gets ₹574-cr funds in J&K

The Central government has approved an amount worth ₹574.16 crore for the national highway works in J&K for the current fiscal. The major work includes the construction of 3.23-km three flyovers in Srinagar on NH-44 Read More ...

MoRTH invites bids for ₹633-cr tunnel in J&K

The Union transport ministry has invited bids for the construction of the Sungal Tunnel in J&K involving an investment of ₹633.06 crore. The scope of work includes the designing and construction of the Sungal Tunnel Read More ...

Myanmar commits to expedite India-backed infra projects

Myanmar has resolved to expedite the India-backed infrastructure projects and has also decided to widen the security ties with India as it seeks to check China's expanding presence in the country. The country pushed Read More ...

NMDC’s Bailadila Projects record sharp spurt in sales

The Bailadila Projects of NMDC at Chattisgarh recorded a sharp rise in sales and production in June 2020 as compared to the period of June 2019. Last month, the Bailadila Projects registered a production of 18.61 lakh Read More ...

Taiwan Smart Machinery: The best beg for smart production solutions

Taiwan's smart machinery industry is the best choice for global manufacturers to improve production efficiency and build smart factories. Their smart production solutions include production, automation equipment, equipment Read More ...

ARHC Scheme Empowers Urban Poor: Dr. Niranjan Hiranandani

Dr Niranjan Hiranandani, President NAREDCO, informed that the Union Cabinet has approved an Affordable Rental Housing Complexes (ARHC) scheme for urban poor and migrant labours which will provide them with a long-term and long Read More ...

Telangana takes up Hyderabad-Vijayawada high-speed rail project

Industries minister KT Rama Rao informed that the state government in Telangana has decided to build a high-speed rail corridor between Hyderabad and Vijayawada which will benefit both the states, especially towns abutting Read More ...

Govt targets ₹5.35 Lakh-cr investment in Phase-I of Bharatmala

Union transport minister Nitin Gadkari informed that to augment the country's border infrastructure, a large number of highway and aviation projects are underway in J&K, Arunachal Pradesh, Uttarakhand, Rajasthan and HP Read More ...

AP to float tenders for ₹3,736-cr Ramayapatnam Port

The state government has decided to float tenders for the construction and allied civil work of Ramayapatnam Port in Andhra Pradesh entailing an investment of ₹3,736 crore in the next fortnight. The state cabinet has Read More ...

Railway approves ₹527-cr for Kolkata metro corridor

The Railway Board has approved ₹527 crore for the alignment of the 3.6km long stretch from City Centre II to the Airport as it is the most sustained metro corridor from New Garia to the Airport. The elevated metro corridor Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
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Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week