Construction of 4-Lane and Above Highways Hits Record High

highway stretches constructed in India between April and January
The share of 'four-lane and above' highway stretches constructed in India between April and January of the current financial year has reached its highest-ever level, comprising nearly 43% of all NH stretches built in 2023-24. The pace of construction has seen a significant 16% rise, totaling 3,297 km. This shift reflects a focus on building wider highways and expressways, departing from the previous trend of primarily strengthening existing stretches and widening NHs to only two lanes. Government data highlights a threefold increase in the annual construction rate of highways with more than four lanes since 2013-14. Notably, the length of NHs with less than two lanes has reduced from 27,517 km in March 2014 to 14,300 km presently.
KEC International Secures ₹1,100 Cr in New Orders for T&D Projects

KEC International Secures ₹1,100 Cr in New Orders for T&D Projects

KEC International Ltd., a global infrastructure EPC major and part of the RPG Group, has secured new orders worth ₹1,100 crores for Transmission & Distribution (T&D) projects across India, the Middle East, Australia, and the Americas

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RLDA Invites Bids for Redevelopment of Boulevard Road Railway Colony

RLDA Invites Bids for Redevelopment of Boulevard Road Railway Colony

RLDA Invites Bids for Redevelopment of Boulevard Road Railway Colony The Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for the redevelopment of the Boulevard Road Railway Colony in Delhi. The land, approximately 2.156 hectares (21,568.35 sqm) in size

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Rithwik Projects Wins Dongari Depot Contract for Mumbai Metro's Red Line

Rithwik Projects Wins Dongari Depot Contract for Mumbai Metro's Red Line

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced that Rithwik Projects Pvt. Ltd. has emerged as the lowest bidder (L1) for the construction contract of the Dongari Depot for Mumbai Metro's Red Line. This

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Tata Power to Invest ₹20,000 Cr in FY25 to Accelerate Renewable Energy

Tata Power to Invest ₹20,000 Cr in FY25 to Accelerate Renewable Energy

Tata Power, one of India's leading integrated power companies, held its 105th Annual General Meeting (AGM) for the Financial Year 2023-24. Chairman Mr. Natarajan Chandrasekaran highlighted the company's strong financial and operational

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FY25 Budget to Focus on Rural Economy, Capex, Fiscal Deficit Reduction

FY25 Budget to Focus on Rural Economy, Capex, Fiscal Deficit Reduction

CareEdge Ratings expects the Union Budget to focus on supporting consumption through higher allocations for the rural economy, welfare schemes, and agriculture, while continuing emphasis on manufacturing and capital expenditure (capex).

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Government to Build 1056 Homes in Chhatrapati Sambhaji Nagar under PMAY

Government to Build 1056 Homes in Chhatrapati Sambhaji Nagar under PMAY

In a bid to improve living standards for homeless citizens, the government has announced the construction of 1056 new homes at Nakshatrwadi in Chhatrapati Sambhaji Nagar under the Pradhan Mantri Awas Yojana (PMAY). This was

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Waaree Renewable Technologies Secures 22 MW Solar Project from ISMT

Waaree Renewable Technologies Secures 22 MW Solar Project from ISMT

Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, India's largest solar PV module manufacturer, has been selected by ISMT Limited, a Kirloskar group company, for a turnkey EPC project. This 22 MW A

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India to Develop Community Infrastructure in Marshall Islands

India to Develop Community Infrastructure in Marshall Islands

India has announced plans to develop community infrastructure projects in the Marshall Islands as part of its Pacific outreach. These projects include the construction of a community sports centre, an airport terminal, and two community

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SRM Contractors Secures ₹278.48 Cr EPC Highway Project

SRM Contractors Secures ₹278.48 Cr EPC Highway Project

SRM Contractors has signed an agreement with the National Highways Authority of India (NHAI) for an EPC project valued at ₹278.48 crore. The project involves the upgradation and strengthening of the Nashri-Chenani section from

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MMR Sees Record Surge in Average Home Sales Value in Q2 2024

MMR Sees Record Surge in Average Home Sales Value in Q2 2024

The Mumbai Metropolitan Region (MMR) has witnessed an unprecedented surge in the average registered home sales value in the second quarter of 2024, according to Square Yards' latest report. The average registered home sales

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MoPSW Approves ₹46.47 Lakh Dredged Sediment Reuse Project

MoPSW Approves ₹46.47 Lakh Dredged Sediment Reuse Project

The Union Ministry of Ports, Shipping, and Waterways (MoPSW) has sanctioned a research project on the "Valorization of Dredged Sediments" with an estimated budget of ₹46,47,380. The project aims to reuse dredged sediments

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Coal Ministry Signs Agreements for Three Coal Mines

Coal Ministry Signs Agreements for Three Coal Mines

The Ministry of Coal successfully executed Coal Mining Development and Production Agreements for three mines auctioned under the Second Attempt of the 7th Round, marking a significant milestone in commercial coal mining. The mines

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Avg. Large Project Completion Time Down 20% to 4.9 Years in H1 2024

Avg. Large Project Completion Time Down 20% to 4.9 Years in H1 2024

Due to RERA, advancements in construction technology, and the growing market share of large developers, the average wait time for possession in large under-construction projects in the top 7 cities has decreased from 6.1 years

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Union Minister Reviews Urban Development & Power Sector in Uttarakhand

Union Minister Reviews Urban Development & Power Sector in Uttarakhand

Union Minister for Power and Minister for Housing and Urban Affairs, Shri Manohar Lal, reviewed urban development schemes and the power sector scenario for Uttarakhand in Dehradun. The progress of the Revamped Distribution

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CASE India Launches 2nd Phase of Project LEAD initiative in India

CASE India Launches 2nd Phase of Project LEAD initiative in India

CASE Construction Equipment, a brand of CNH, has introduced the second leg of its LEAD (Livelihoods and Entrepreneurship Awareness Development) project across cities in India to promote rural entrepreneurship and economic empowerment.

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PM Modi Inaugurates ₹29,400 Cr Infrastructure Projects in Mumbai

PM Modi Inaugurates ₹29,400 Cr Infrastructure Projects in Mumbai

Prime Minister Narendra Modi laid the foundation stone and dedicated several major infrastructure projects worth over ₹29,400 crores in Mumbai, Maharashtra. Among the key projects is the Thane-Borivali Tunnel Project, valued

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Ministry Sanctions ₹114.32 Cr for Rural Connectivity in Tripura

Ministry Sanctions ₹114.32 Cr for Rural Connectivity in Tripura

To boost rural connectivity and economic growth in the North-East, the Ministry of Rural Development has sanctioned 42 roads spanning 118.756 km under the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN). The initiative

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RB Velhal Infrastructures Secures Road Upgradation Project in Maharashtra

RB Velhal Infrastructures Secures Road Upgradation Project in Maharashtra

RB Velhal Infrastructures has emerged as the lowest bidder (L1) for a road upgradation project in Maharashtra. The contract, awarded by the Ministry of Road Transport & Highways (MoRTH), involves the rehabilitation and upgradation

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Ahluwalia Contracts Secures ₹581 Cr Residential Project in Gurugram

Ahluwalia Contracts Secures ₹581 Cr Residential Project in Gurugram

Ahluwalia Contracts (India) has secured an order worth ₹581 crore from ETSY Realcon. The contract involves civil and structural work for a residential project at The Edition Sector-66, Gurugram, Haryana.

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