According to the Vedanta Resources Chairman Anil Agarwal, his company has decided to invest a staggering sum worth Rs.50,000 crore in multiple projects in infra and mining sectors. It may be recalled that Vedanta is a major player in India's Zinc Industry, primary Aluminium market, and refined copper with market shares of 72%, 40%, and 35% respectively. He further said that this decade will belong to India and it is the best time to invest as the kind of image India has all over the world, the retrospective tax is one small thing which has to be sorted out. Highlighting some of the reform measures taken by the government, Agarwal said bankruptcy law and Goods and Services Tax (GST) will help improve the business environment and attract global investors.
Great Place to Work® certifies CNH Industrial India for the second consecutive year
Great Place to Work®, the global authority in workplace culture assessment and recognition, has re-certified CNH Industrial (India) Pvt. Ltd. in its 2021 company ranking in India. This is the second
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MoRTH makes record by constructing 534-km of NHs in a week
The Ministry of Road Transport & Highways has made a record by constructing 534 km of National Highways (NHs) in the last week commencing 8 January. MoRTH said, "The Ministry has constructed 8,169 km of
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NAREDCO demands ₹1.25 lakh-cr stress fund for realty sector
The real estate sector has sought ₹1,25,000 crore stressed fund in the upcoming Budget to lift the sector from the prevailing slump due to the Covid-19 pandemic. The body is seeking funds via HFCs/NBFCs who are ready
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JDA announces ₹3,000-cr ring road project in Jaipur
To ensure smooth flow of vehicular traffic in and around Jaipur, the Jaipur Development Authority (JDA) has decided to construct a 45-km long ring road (North) corridor directly connecting Agra and Delhi highways
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Chennai Metro plans ₹225-cr maintenance depot
Chennai Metro Rail has planned to build a depot for maintenance of trains for the corridor between Light House and Poonamallee for the Phase-II project. The depot will have a facility for 24 tracks that can fit six
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NHAI aims to raise over ₹10,000 cr via InvIT, TOT
The National Highways Authority of India (NHAI) has planned to raise at least ₹10,000 crore this year by monetizing its assets. Successful sales of tolling rights on highway assets would be crucial to NHAI's
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RITES secures NHSRCL contract worth ₹68-cr
RITES informed that it has won a ₹68 crore contract from National High-Speed Rail Corporation (NHSRCL), which is related to 487-km Mumbai-Ahmedabad High-Speed Rail Corridor. It is for the establishment
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J Kumar & Sadbhav Engineering receives LoAs for metro projects
J Kumar Infraprojects has received a letter of acceptance (LoA) from the Gujarat Metro Rail Corporation (GMRC). The contract includes design, construction and completion of underground stations and tunnels
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RPP-RK wins ₹231-cr corridor contract
RPP Infra Projects informed that its joint venture firm, RPP-RK, has received a new work order of ₹231.77 crore from the Highways Department for Chennai Kanyakumari Industrial Corridor Projects. In the joint venture
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CMRL floats tender for tunnels & underground stations
The Chennai Metro Rail Limited (CMRL) has invited bids for the construction of twin tunnels and 5 underground stations (Package UG- 06) between Kolathur and Nathamuni of Chennai Metro's new
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MoRTH approves ₹5,801-cr road projects in Maharashtra
Union transport minister informed that the Centre has approved new National Highway projects worth ₹5,801 crore for Maharashtra under the Annual Plan. The project includes improving and
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Paradip Port invites bids for ₹2,392-cr terminal
Paradip Port Trust has invited initial bids from private players to build a 25-million-ton (mt) capacity dry bulk cargo terminal at an estimated cost of ₹2,392.13 crore. The private operator winning the deal will develop
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NDB inks $323-mn tripartite pact to finance road projects
The Centre, Andhra Pradesh Government, and the New Development Bank (NDB) have signed a tripartite loan agreement of $323 million each for two projects. The first project – Andhra Pradesh Roads and Bridges
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MMRDA launches work on TOD along Metro Line 2A
The Mumbai Metropolitan Region Development Authority (MMRDA) has started the construction work on the transit-oriented development (TOD) at 30 stations on the Metro Line 2A (Andheri-Dahisar) on Link Road and
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NHAI starts groundwork for ₹3,750-cr road project in Pune
The National Highways Authority of India (NHAI) has started the land acquisition process in Pune district for a ₹3,750 crore project pertaining to the four-laning of Sant Dnyaneshwar and Sant Tukaram palkhi procession
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MSRDC kick-starts ₹14,000-cr ring road project
The Maharashtra government has fast-tracked the land acquisition process for the western part of the ring road project undertaken by the Maharashtra State Road Development Corporation (MSRDC) at an investment
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