BASF-Adani inks ₹14,000-cr manufacturing plant pact

Adani Enterprises
The global construction and allied chemicals manufacturer BASF and the Adani Group have signed a deal to set up a ₹14,000-crore petrochemicals plant in Mundra for manufacturing chemicals widely used in industries like construction, automotive and coatings. The plant will produce chemicals, which are now being imported; this will be a big step forward under the ‘Make in India’ initiative. This is BASF’s largest investment in India to date. The two companies will start building the project after completing the feasibility study. CEO of Adani Ports and SEZ, Karan Adani said that the plant would be its first carbon-neutral production facility, and the two companies have developed a plan to include new technologies and 100% renewable energy in the plant, for which BASF will further invest as a minority partner in a wind and solar park.

DMRC takes over ₹7,000-cr twin metro projects in MP

The Delhi Metro Rail Corporation (DMRC) has taken over the reins of Bhopal and Indore Metro rail projects and will oversee the construction of ₹7,000 crore twin projects. Managing Director of DMRC Mangu Singh met CM Kamal Read More ...

Kerala clears ₹604-cr smart road project

One of the most significant components of the Smart City project has finally been approved by the state PWD and tenders will be floated very shortly. Smart City Thiruvananthapuram Ltd (SCTL) has already completed soil testing Read More ...

Indore unveils 17 flyovers worth ₹232-cr

The state PWD in Jharkhand is set to start construction work on 17 flyovers in cities like Bhopal, Indore, Gwalior, Chhindwara and Jabalpur, with six flyovers in Indore city, entailing an estimated investment of Read More ...

India targets $60-bn gas distribution infrastructure

India has decided to invest over $60 billion in developing natural gas supply and distribution infrastructure across the country as it plans to more than double the share of natural gas in its energy base to 15 per Read More ...

CDE Asia presents at Precast Concrete Technology Seminar

CDE Asia recently participated in a one-day seminar on Precast Concrete Technology organized by the Bengaluru Centre of Indian Concrete Institute (BC-ICI) on September 7, 2019. As the name indicates, the seminar Read More ...

PM commits ₹25 lakh-cr for building rural infrastructure

To boost rural infrastructure development, the PM has committed ₹25 lakh crore. About ₹3.5 lakh crore will be used for building facilities for water conservation and water harvesting projects. The government had started Read More ...

AAI gets aggressive on airport infra building biz

After participating in the bidding for the second airport in Goa, the Airports Authority of India (AAI) is contemplating bidding for the Greater Noida airport project entailing an investment of ₹16,000 crore. However Read More ...

MRO takes up ₹125-cr airports' infra upgrade

The Air India Maintenance, Repair and Overhaul facility (MRO) is set to get a facelift with an investment of ₹125 crore for an additional hanger with a capacity to induct two aircraft at a time. The hanger would have an Read More ...

NHAI targets ₹1 lakh-cr for new road projects

To fund its on-going and new road projects, NHAI aims to generate ₹1 lakh crores in revenue from toll and wayside amenities over the next five years, said transport minister Nitin Gadkari. He added that as the government Read More ...

Punjab launches Ring Road in Bathinda

The state finance minister has recently launched a Ring Road project at Patel Nagar on the Bathinda-Barnala highway at an investment of ₹95 crore. The project is aimed at decongesting traffic in the city and reducing Read More ...

DMRC approves Metrolite on Kirti Nagar-Dwarka stretch

The urban affairs ministry and DMRC board has approved Metrolite on the 20-km Kirti Nagar and Dwarka Dwarka sector 25 exhibition centre, said sources. Delhi will get its first stretch of Metrolite as it is a cheaper Read More ...

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 ...
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Indian Infrastructure & Tenders Week

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