Gurugram readies for ₹1,100-cr infra projects

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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. The project will begin from Vatika Chowk in Sohna and extend up to Bhondsi. Along with extending the width of the road there are plans to build two elevated flyovers at the busy route. This is the third major project where the NHAI along with the state government will invest to revamp the city roads. Clearance for the Dwarka Expressway have also been granted by the Gurugram administration as NHAI has built a number of flyovers and underpasses at the city's busiest points along the Delhi-Jaipur highway. It may be recalled that the NHAI had stated that the administration should get rid of all the hurdles before it undertakes the project.

Govt goes for ₹8,000-cr NH along the border in J&K

J&K Chief Secretary BVR Subrahmanyam informed that to connect tourist spots and strengthen surveillance across the border in the Kashmir Valley, the Union government has decided to build a 600 km-long highway connecting Read More ...

PNC Infratech wins ₹6,731-cr highway contracts

PNC Infratech has signed concession agreements for the three HAM projects and contract agreements for two EPC projects with NHAI with an investment of ₹6731.8 crore. These include four-laning of Aligarh-Kanpur (Mitrasen-Kanpur) Read More ...

CMRL floats tenders for ₹2,671-cr elevated corridor

Chennai Metro Rail Limited (CMRL) has floated tenders for an 8km elevated line between Porur Junction and Poonamallee bypass. The stretch is part of the 26-km corridor-4 from Light House to Poonamallee Bypass being funded Read More ...

Centre sanctions ₹7,922-cr multipronged projects in HP

The Centre has cleared a sum of ₹7,922.69 crore for the construction of six irrigation, multipurpose and flood control projects under the river development and Ganga rejuvenation program in Himachal Pradesh Read More ...

RITES readies DPR for ₹10,599-cr metro rail in J&K

The railway consultancy firm RITES has submitted the final detailed project reports for the light transit metro train service in Srinagar and Jammu where the metro systems are expected to be completed by the end of 2024 Read More ...

GMRC ready to award ₹942-cr metro contract

Gujarat Metro Rail Corporation (GMRC) is set to award the contract for the design, construction and completion of underground stations and a tunnel. The scope of work includes the finishing work from Surat Railway station Read More ...

Centre sanctions ₹6,399-cr for stressed NBFCs & HFCs

The Union Finance Ministry has sanctioned 15 proposals worth ₹6,399 crore for stressed NBFCs and HFCs under the special liquidity scheme announced as part of the ₹20.97 lakh crore 'Aatmanirbhar Bharat' package. The scheme Read More ...

Volvo Buses India integrates with VECV

To strengthen their functioning in the Indian bus market, agreements have been signed for the integration of Volvo Buses India business into VECV covering the manufacture, assembly, distribution, and sale of the Volvo Read More ...

Dilip Buildcon bags HAM model project in Karnataka

Dilip Buildcon has been declared as L-1 bidder for a new HAM project with scope of work of four-laning of the road from 42.000 km to 80.00 of Dodaballapur Bypass to Hoskote section of NH-648 (Old NH-207) in Karnataka Read More ...

NHIDCL floats tenders for ₹117-cr NH project

The National Highways & Infrastructure Development Corporation (NHIDCL) has floated tender for the Bamanchara-Srirampur section of the highway project involving an investment of ₹117.41 crore. The scope of work involves Read More ...

Govt lists ₹111 lakh-cr infra projects under NIP

FM informed that to boost infrastructure investment across the country, the government has listed 6,835 projects under its ₹111 lakh crore National Infrastructure Pipeline. The ministry has launched an information repository Read More ...

Signature Global launching 10,000 affordable units

The Gurgaon-based real estate developer, Signature Global Group, will launch 10,000 affordable housing units before March 2021. The builder has launched over 800 units under the Deen Dayal Jan Awas Yojana, a scheme Read More ...

Mining sector awaits industry-friendly reforms

Mines Minister Pralhad Joshi informed that the Union government is set to announce industry-friendly reforms in the mining sector and his ministry has invited investors to explore the opportunities that the Indian mining Read More ...

India unveils ₹10,000-cr port in Great Nicobar Island

PM, as he inaugurated the first undersea optical fibre project to provide high-speed internet to Andaman and Nicobar Islands, informed that India is contemplating to invest ₹10,000 crore for building a transshipment port Read More ...

BRO invites bids for ₹101-cr road project in NE

To build a top-class road network in the northeastern region, the Border Roads Organization (BRO) has invited bids for the road up-gradation in Arunachal Pradesh, involving an investment of ₹101 crore. The scope of work Read More ...

MHRFL generates ₹1,400-cr for rural disbursals

Anuj Mehra, MHRFL MD, informed that the Mahindra Rural Housing Finance Ltd (MHRFL) has raised over ₹1,400 crore in April-July 2020 to stay liquid in the housing sector. The company has resumed loan disbursals and collections Read More ...
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