MMRDA to raise ₹60,000-cr to fund infra projects

Prime Minister Narendra Modi has inaugurated and laid the foundation stone for multiple development projects across various sectors, including railways, roads, power, housing, and finance, totalling over ₹8,000 crore in Ahmedabad, Gujarat

ICRA has revised its FY2025 road award forecast by the Ministry of Road Transport and Highways (MoRTH) to 8,500-9,000 km, aligning with FY2024’s 8,581 km. The revision comes after a 31% decline in road awards from FY2023 to FY2024, due to

Shyam Metalics and Energy Ltd. (SMEL) has announced the establishment of a Greenfield Cold Rolling Mill (CRM) in Jamuria, West Bengal. The new mill, developed under Shyam Metalics Flat Products Pvt Ltd., boasts an annual capacity

RS Infraprojects has secured the lowest bidder (L1) position for a ₹199.80 crore contract involving the installation of an Overhead Electrification (OHE) traction system for the Surakachhar-Sendurgarh section in Chhattisgarh. The project

Tarmat Ltd, in a joint venture, has won a ₹139.48 crore road project from the Maharashtra State Infrastructure Development Corporation. With an 80% stake in the JV, Tarmat will handle the construction of concrete pavement roads, along with

Prime Minister Narendra Modi has inaugurated Phase-II of the Ahmedabad Metro project, extending the rail network to connect Ahmedabad with Gandhinagar. The new 21 km section, comprising eight stations, aims to improve connectivity, reduce

Prime Minister Narendra Modi laid the foundation stone and inaugurated multiple railway projects worth over ₹660 crore in Tatanagar, Jharkhand. Key projects include the Madhupur Bypass line in Deoghar district and the Hazaribagh

R. Selvaraj, Secretary to the State Highways and Minor Ports Department, inspected major road projects in Trichy district. The inspection aimed to assess the quality of ongoing road widening and bridge works in Trichy city and

Union Minister for Rural Development Shri Shivraj Singh Chouhan announced the launch of the fourth phase of the Pradhan Mantri Gramin Sadak Yojana (PMGSY). This phase will see the construction of 62,500 km of all-weather roads

Shyam Metalics and Energy Ltd., a leading metal manufacturer in India, is projecting strong growth over the next five years, driven by strategic expansions, product diversification, and backward integration to enhance efficiency

House of Hiranandani, renowned for developing integrated communities across Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, and Chennai, is expanding into Mumbai's redevelopment segment. The company has signed additional

Realty firm Gaurs Group will invest around ₹1,600 crore to develop its new luxury housing project, Gaur NYC Residences, in Ghaziabad, Uttar Pradesh. The project, spread over 12 acres, consists of 1,216 apartments, all of which have been

Track construction for the Mumbai-Ahmedabad Bullet Train is progressing in Gujarat, with Track Construction Bases set up near Surat and Anand. Over 35,000 MT of rails have arrived, and flash butt welding has begun on the viaduct. The project

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

Ray Engineering has been declared the lowest bidder for civil and structural works at ONGC's Hazira plant in Surat, Gujarat. The ₹114.26 crore contract, awarded by Engineers India, includes revamping SV stations, the gas terminal, and the

The BMC has issued a ₹1,481 crore tender for constructing a transportation and commercial hub at the Dahisar octroi naka site. The project will span 18,604 sq m and include facilities for 450 interstate buses, 1,400 cars, retail and recreational

Kalpataru Projects International Limited (KPIL) has secured orders totaling ₹2,774 crore. These include Transmission & Distribution (T&D) projects in international markets, a Design & Build contract for a residential building in India

Birla Estates, the real estate arm of the Aditya Birla Group, has acquired a land parcel in the Mumbai Metropolitan Region (MMR) valued at ₹537.42 crore. Located in Kalwa along the Thane-Belapur Road, the area is becoming a key residential

Sumadhura Group has leased 1.8 lakh sq. ft. of warehousing space to NX Logistics India (Nippon Express) at Sumadhura Logistics Park in Bengaluru, marking one of NX Logistics' largest warehousing transactions in India. The deal is part of