The Union Cabinet has allocated ₹12,461 crore for the development of 31,350 MW hydropower projects to achieve 500 GW of renewable energy by 2030. The scheme, applicable from FY25 to FY32, includes budgetary support for roads, transmission lines, ropeways, and communication infrastructure. It covers hydro projects over 25 MW, including private sector ventures, and supports 15,000 MW of pumped storage projects (PSPs).
SANY India has inaugurated a new 3S (Sales, Service, Spares) branch in Vedayapalem, Nellore, marking its 6th branch in Rayalaseema and the 14th in Telangana and Andhra Pradesh. The branch aims to serve key markets like Nellore
The Union Cabinet has approved Phase-II of the Chennai Metro Rail Project, comprising three corridors spanning 118.9 km with 128 stations. Estimated at ₹63,246 crore, the project is set for completion by 2027, expanding the city's metro
Walplast Products Pvt. Ltd has reported impressive growth in its Homesure GypEX Gypsum range for the fiscal year. The Gypsum Plaster segment saw an 89% YoY increase, with significant gains in Rajasthan, Gujarat, and Maharashtra
CBRE South Asia's latest report, ‘CBRE India Office Figures Q3 2024’, reveals that office leasing is expected to reach a historic high of 70 million sq. ft. in 2024 across India’s top nine cities. The previous peak was 66.6 million
The Delhi Metro Rail Corporation (DMRC) and RITES have signed an MoU to collaborate on metro projects in India and abroad. This partnership aims to combine resources and expertise to manage and maintain metro systems. The collaboration
The Union Cabinet, led by Prime Minister Narendra Modi, has approved a productivity-linked bonus (PLB) of 78 days for 11,72,240 railway employees. The bonus, amounting to ₹2,028.57 crore, will be paid to various categories of staff.
J Kumar Infraprojects has received a letter of acceptance (LoA) from the Mumbai Metropolitan Region Development Authority (MMRDA) for the design and construction of an elevated road in Thane. The project, spanning from Anand Nagar
Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone for projects worth over ₹80,000 crore in Hazaribag, Jharkhand, focusing on the development of tribal communities. He launched the Dharti Aaba Janjatiya Gram
The Rail Land Development Authority (RLDA) has invited bids for the commercial development of a railway land parcel at Rana Pratap Nagar Station, Udaipur, Rajasthan. The site spans 1,898.24 square meters, with an additional
ICRA expects the Indian road logistics sector to grow by 6-9% year-on-year in FY2025. After a brief slowdown in Q1 due to General Elections, the industry anticipates a boost from the festive season, increased manufacturing output
Union Minister Ashwini Vaishnaw dedicated the extension of five platforms at a railway station to accommodate 12-coach EMU trains, boosting capacity by 3 lakh passengers daily for suburban commuters. He also inaugurated passenger services
Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder (L1) for an East Coast Railway project. The contract involves the third and fourth line construction between Jarapada and Talcher Road, as well as a new line between Angul
The Pimpri Chinchwad Municipal Corporation has approved the development of seven key roads in Wakad, Punawale, and Tathawade. The project, part of the city's development plan (DP), aims to reduce traffic congestion by enhancing
The 92nd Annual Meeting, Technical Exhibition, and International Symposium of the International Commission on Large Dams (ICOLD) is being held at Bharat Mandapam, New Delhi, from September 29 to October 3, 2024. This global event
NMDC Steel Limited (NSL) has become the first steel plant in India to receive four Integrated Management System (ISO) certifications simultaneously. The Bureau of Indian Standards (BIS) Deputy Director General presented the certificates
The Union government has approved ₹11,000 crore to enhance road connectivity in Chhattisgarh. The funds, sanctioned by Road Transport and Highways Minister Shri Nitin Gadkari, will be used to develop four major national highways
Kanakia Spaces has signed two agreements to redevelop housing societies in Mumbai's Borivali area, with an investment of over ₹1,100 crore. The projects, spread over 3.3 acres, will offer a development potential of more than
Welspun Enterprises has emerged as the lowest bidder (L1) for a water tunnel project in Mumbai, valued at ₹1,989.9 crore. The project, awarded by the Brihanmumbai Municipal Corporation (BMC), involves the design and construction of
Kalpataru Projects International Ltd. (KPIL) has secured new contracts worth ₹1,241 crore. The orders span its transmission & distribution (T&D) business both in India and international markets, as well as residential and commercial
