ICRA Forecasts Strong Growth in Air Passenger Traffic for FY2025

The Network Planning Group (NPG) under the PM GatiShakti initiative has evaluated five infrastructure projects, including road and airport developments, for their alignment with integrated planning under the National Master Plan (NMP).

The National Mission for Clean Ganga (NMCG) has approved several major projects to enhance the conservation and rejuvenation of the Ganga River. A key initiative includes the interception and diversion of the Durga Drain and the

LiuGong India has laid the foundation stone for its new plant in Pithampur. Spanning a vast 20-acre site, this plant represents a substantial investment of $2.8 million USD and marks a new chapter in LiuGong's commitment

The recent turbulence in the Indian stock market, leading to steep corrections, have left investors wary. The ongoing correction began in late September 2024 after record highs in both the Nifty 50 and Sensex indices

MAN Industries (India) Ltd, a leading large-diameter SAW pipe manufacturer, has announced its financial results for Q3 and the nine months ending December 31, 2024. The company posted a standalone EBITDA of ₹868 million for Q3 FY25

Arkade Developers has acquired a 6.5-acre land parcel for the cluster redevelopment of Anand Nagar Society in Dahisar East, Mumbai. The project spans 26,286 sq. meters and is expected to generate a gross development value

Launched in April 2022, Mission Amrit Sarovar aimed to construct or rejuvenate 75 ponds per district, totaling 50,000 nationwide. By January 2025, over 68,000 Sarovars have been completed, significantly improving surface and groundwater

Steel Authority of India Limited (SAIL) has announced its financial results for the quarter and nine months ending December 31, 2024. The company recorded an increase in revenue from operations and sales volume in Q3 FY25, along

VE Commercial Vehicles Ltd. (VECV), a joint venture between Volvo Group and Eicher Motors, has inaugurated a dedicated manufacturing facility at its Industry 4.0-compliant Bhopal plant. The facility was inaugurated by Martin Lundstedt

Jindal India Limited, part of the B.C. Jindal Group, is set to expand its Metal Beam Crash Barrier (MBCB) production capacity by 75%, increasing from 6,000 MT. The expansion will begin in FY25 and is expected to be fully completed

The United States has withdrawn all country-specific duty exemptions on steel imports under Section 232 of the Trade and Expansion Act of 1962. Effective March 12, 2025, all steel imports will be subject to a uniform 25% tariff

Patel Engineering Limited has announced its financial results for Q3 FY25, reporting strong growth across key metrics. The company’s performance reflects its resilience and progress in hydropower, irrigation, and tunneling projects

State Urban Development and Housing Minister Nitin Nabin has approved ₹12.18 crore for the construction of a 1.7-km road in Transport Nagar, Kankarbagh, Patna. The project aims to renovate roads in the area, improving connectivity and

Delhi International Airport (DIAL) has submitted a ₹5,625 crore capital expenditure plan to the Airports Economic Regulatory Authority of India (AERA) for the five-year period ending FY29. The proposal will help AERA set tariffs and

Vishwa Samudra Engineering has secured the industrial township project in Agartala, Tripura, as the lowest bidder (L1) with a bid value of ₹1,034.04 crore. The project will be executed under the EPC mode.

Gurugram-based real estate developer Smartworld has committed contracts worth ₹1,400 crore across its projects in just six months. For its upcoming landmark project, Smartworld Sky Arc, the company awarded a

Alvarez & Marsal (A&M) India has appointed Saurav Kumar as Managing Director of its Infrastructure and Capital Projects practice. This move reinforces A&M’s commitment to supporting India’s fast-growing infrastructure sector

The Sagarmala programme, led by the Ministry of Ports, Shipping, and Waterways, aims to promote port-led development by leveraging India’s 7,500 km coastline, 14,500 km of navigable waterways, and strategic position on global

NBCC (India) has won contracts worth ₹272.33 crore for infrastructure development projects across multiple states. The company will undertake the planning, designing, and development of infrastructure facilities at the Central