KKR cracks Rs.1,000 cr realty plan

KKR & Co
In a recent development in the country’s real estate sector, Marquee American investor KKR & Co is striking its first equity investment deal in Indian real estate sector and is likely to invest $150 million, or about Rs.1,000 crore in the IPO-bound Lodha Developers. Up till now, KKR through its NBFC has extended more than Rs.4,000 crore in financing to developers— mostly in Mumbai, Bangalore and the National Capital Region—including a Rs.500 crore loan to the Mumbai-based Lodha in the past and is again investing in the country‘s largest residential builder by sales, sources said. KKR is investing at a time when global risk investors have shied away, leaving the volatile sector dependent on structured financing deals. Sources said adding that KKR will invest in a part of the Lodha business, in a special purpose vehicle which will eventually migrate to an entity going for the public offering late this year or early next calendar.

Siemens to supply indigenous propulsion system to railways

According to Executive VP and Head, Mobility, Siemens, the company in line with the Make in India initiative, is supplying indigenously-made propulsion systems to the Indian Railways, which is upgrading its electric locomotives Read More ...

Kochi Metro Rail gets Rs. 356-cr expansion

The state cabinet has granted administrative sanction to extend Kochi Metro up to Tripunithura whereby the Phase 1 B will be extended from Ernakulam S.N. Junction to Tripunithura Railway Station / Bus depot at an investment of Rs 356 crore Read More ...

NIAL eyes foreign investment for Jewar airport

The Noida International Airport Limited (NIAL) has decided to seek help from foreign embassies to rope in investors for the mega project where the nodal agency is also building an aviation hub in the vicinity of the airport. Recently Read More ...

L&T wins ₹14,000-cr airport project in Mumbai

Larsen & Toubro (L&T)is all set to win a contract from the board of City and Industrial Development Corporation (CIDCO) to build the Navi Mumbai Intl' Airport involving an investment of ₹14,000 crore.. The scope of work Read More ...

Puravankara chalks plans for 13 realty projects worth ₹3,000-cr

Puravankara, a Bengaluru-based realty firm, has chalked out an expansion plan to start new housing projects involving an investment of ₹3,000 crore. The company is set to launch 13 projects in the current fiscal of which Read More ...

Gurugram readies for ₹1,100-cr infra projects

Work has started on the ambitious 11-km elevated flyover in Gurugram. It will provide connectivity to the Delhi- Mumbai corridor to be constructed jointly by the state and central governments at an investment of ₹1,100 crore Read More ...

Ramky Infra bags ₹494-cr housing project

Ramky Infrastructure has bagged a ₹494.04-crore project from Rajiv Gandhi Rural Housing Corporation for construction of multi-storied residential housing units in Bengaluru. The project is to be constructed under Read More ...

Spanish firm Ayesa wins ₹311-cr rapid rail contract

Spanish multinational Ayesa, which specializes in engineering, technology, and consultancy (ETC), has bagged a ₹311 crore contract to provide technical assistance (General Consultancy) for India's first Delhi-Meerut Read More ...

DMRC floats bids for Phase-III of MRTS projects

Delhi Metro Rail Corporation (DMRC) has invited tenders for Delhi MRTS Phase III. The scope of work involves supply, installation, testing & commissioning of Ballastless Track stabling lines on Elevated Depot Read More ...

PMRDA hastens Phase-III of ₹8,313-cr metro line

The Pune Metropolitan Region Development Authority (PMRDA) has hastened the 23.3-km-long, 8-km of which (from Hinjewadi to Balewadi) will be elevated and entail an investment of ₹8,313 crore. The stretch falls under the Read More ...

MRSDC speeds up ₹46,000-cr Samrudhi Expressway

The most ambitious 700-km long Mumbai-Nagpur Samruddhi expressway in Maharashtra crisscrossing 10 districts and 26 talukas of the state is being built at an investment of ₹46,000 crores. The alignment from Thane Read More ...

Govt. doubles up ₹119-cr NH as airfield for IAF fighters

The government has identified a stretch of the Srinagar-Banihal highway to convert it into an emergency landing strip for fighter jets and has invited proposals from consultants for the project, said sources. The project—the Read More ...

PWD unveils ₹150-cr worth of flyovers in South Delhi

The PWD in Delhi has planned multiple flyovers and underpasses in Saket area starting from Press Enclave Road to Lal Bahadur Shastri Marg as the stretch provides access at Khirki Village, Hauz Rani, Saket, Malviya Nagar and Pushp Read More ...

Five metro rail projects gain momentum in UP

In order to expand the metro rail network across major cities in the state, the state government in UP has fast tracked building of metro services in cities like Kanpur, Agra, Meerut, Jhansi, Allahabad and Gorakhpur. A new metro Read More ...

Tata BlueScope Steel Receives Green Pro Certification from CII-Green Products and Services Council

Tata BlueScope Steel, a leader in coated steel, steel building products and solutions was conferred the prestigious 'GreenPro Certification' at the GreenPro Summit held in Pune on 30th May 2019. Tata BlueScope's COLORBOND Read More ...

PWD plans ₹300-cr elevated Barapullah corridor extension

The Public Works Department (PWD) has drawn up plans for phase IV of the 7-km elevated extension of the flyway to the west, from INA market to the Army Hospital in Delhi Cantonment on NH 8 at an investment of ₹300 crores. The Read More ...
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New Building Material & Construction World

New Building Material & Construction World
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Modern Green Structures & Architecture

Modern Green Structures & Architecture
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Lifting & Specialized Transport

Lifting & Specialized Transport
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Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week