Welspun wins ₹20.05-bn highway project in TN

Welspun Enterprises
Adding to its project portfolio in the road sector, Welspun Enterprises has recently inked a pact with National Highways Authority of India to build highway project starting from Sattanathapuram to Nagapattinam section of NH-45A (New NH -332) in Tamil Nadu at an investment of Rs 20.05 billion. In this connection, NHAI and Welspun Sattanathapuram Nagapattinam Road Private Limited (WSNRPL), a subsidiary of Welspun Enterprises, have executed the Concession Agreement for the construction of four-laning of project in the state falling under NHDP Phase-IV and will be implemented on hybrid annuity mode (HAM). WSNRPL will develop the project for which the first-year operation and maintenance cost would be Rs 50 million. The construction period is two years and WSNRPL has received a sanction letter from lenders for carrying out the project in question on fast tracked basis.

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 ...

Proposals for ₹10,000-cr EV charging infra projects invited

The government has invited proposals for the development of electric vehicle charging infrastructure in big and smart cities involving an investment of ₹10,000 crore. It also invited proposals from satellite towns connected to seven Read More ...

Decks cleared for NH, tunnel project in Kerala

The work on expansion of the Mannuthy-Wadakkanchery National Highway and Kuthiran tunnel in Kerala's Thrissur district is likely to start soon as the central government has agreed to clear bottlenecks stalling the projects. Union Read More ...

South Centre Railways gets ₹5,152-cr new line

Adding to the existing rail network in the south central railway region, the railway ministry has cleared ₹5,152 crore for construction of the Bidar-Nanded new railway line, said an official spokesperson. This is the major highlight Read More ...

Emami Realty offers assured rental scheme

In a first of its kind scheme, Emami Realty has come up with a an assured rental scheme in its Emami City project located on Jessore Road in Kolkata. By paying the total sale value, buyer of an apartment in Emami City gets current Read More ...

India-Afghanistan inks MoUs for infrastructure projects

India and Afghanistan recently inked 10 MoUs for the construction of roads, buildings, schools, administrative offices, laying of roads and water supply networks, and markets across 10 Afghan provinces, namely Daikundi, Panjshir Read More ...

Jindal Stainless launches a nationwide co-branding initiative with P&T

In a drive to curb the counterfeit products of Jindal Stainless in the market, the company is launching a nationwide co-branding initiative with Pipes and Tubes (P&T) manufacturers. With a current market share of 44% and annual Read More ...

Bosch sets up Euro 31-mn plant in Bidadi

Global supplier of technology and services, Bosch, recently inaugurated its new plant in Bidadi (Phase II), located 35 km from the outskirts of Bengaluru. The Euro 31 million plant will act as a local hub for development of Bosch’s Read More ...

RINL targets 11.3 mt steel production capacity in current fiscal

Rashtriya Ispat Nigam has set a target to raise steel production capacity to 11.3 metric tons and a sales turnover of ₹25,000 crore for the current fiscal, as against ₹20,000 crore achieved last year. CMD, PK Rath, revealed in a Read More ...

BP-Reliance earmarks ₹35,000-cr investment in KG Block

British energy generating giant BP plc, together with local partner Reliance Industries, will invest ₹35,000 crore to bring to production three natural gas fields in the Krishna Godavari basin block in the Bay of Bengal by 2022 Read More ...
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