MoRTH Exceeds Asset Monetisation Target, Raises ₹40,314 Cr

MoRTH
The Ministry of Road Transport and Highways (MoRTH) surpassed its asset monetisation target by raising ₹40,314 crore in financial year 2023-24, against the target of ₹28,968 crore. This was achieved through various modes, including ₹15,968 crore from toll-operate-transfer (TOT) bundles, ₹15,700 crore from Infrastructure Investment Trust (InvIT), and ₹8,646 crore through securitisation. In the previous financial year, MoRTH raised ₹32,855 crore through asset monetisation. MoRTH offers opportunities for investment through toll-operate-transfer (TOT) model, Infrastructure Investment Trust (InvIT), and project-based financing, catering to different categories of investors interested in highways and associated infrastructure assets.
CASE India Rolls Out 20,000th Vibratory Compactor in India

CASE India Rolls Out 20,000th Vibratory Compactor in India

CASE Construction Equipment, a CNH brand, has marked a significant achievement by producing its 20,000th Vibratory Compactor at its advanced facility in Pithampur, Madhya Pradesh. This facility stands as the exclusive manufacturing center

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ICONEQ stresses Self-Reliance, Sustainability & Competitiveness in CE sector

ICONEQ stresses Self-Reliance, Sustainability & Competitiveness in CE sector

The ‘Make in India’ initiative has played a crucial role in development of the Indian Construction Equipment sector, said Sunil Khurana, Conference Chairman & COO, JCB India Ltd at the 1st edition of CII International Conference

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NHAI Hosts Workshop on Sustainable National Highway Development

NHAI Hosts Workshop on Sustainable National Highway Development

NHAI held a national workshop in New Delhi to discuss environmental impact assessment, planning, and mitigation for National Highway development. Shri Anurag Jain, Secretary of Ministry of Road Transport and Highways, was the

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Industrial & Warehousing Leasing Sees Robust Growth in Q1 2024

Industrial & Warehousing Leasing Sees Robust Growth in Q1 2024

During Q1 2024, new industrial and warehousing supply reached nearly 7 million sq ft, marking a two-year high. Delhi NCR accounted for 33% of the new Grade A developments. Mumbai and Chennai led demand, representing about 55% of

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PMC Begins Construction of New Bridge Across Mula-Mutha River

PMC Begins Construction of New Bridge Across Mula-Mutha River

PMC has initiated civil work on a 10-metre-wide bridge parallel to the existing Aga Khan bridge, connecting Kooregaon Park (North Main Road) with Kalyaninagar. The new bridge aims to alleviate traffic congestion in the area

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Brigade Enterprises to Invest ₹400 Cr in Chennai Office Complex

Brigade Enterprises to Invest ₹400 Cr in Chennai Office Complex

Brigade Enterprises has partnered with Agni Estates & Foundations to develop 'Brigade Tech Boulevard', an office complex on Pallavaram-Thoraipakkam Radial Road in Chennai. The investment for this Grade A office space project

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CBRE's 2024 India Market Outlook Foresees Robust Growth in I&L Sector

CBRE's 2024 India Market Outlook Foresees Robust Growth in I&L Sector

CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, has announced the findings of its report, ‘2024 India Market Outlook’. The report highlights key trends and projections for the Indian real estate sector this

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CNH Unveils Multi-Vehicle Simulator at India Technology Center

CNH Unveils Multi-Vehicle Simulator at India Technology Center

CNH, a global leader in agricultural and construction solutions, has introduced a cutting-edge Multi-Vehicle Simulator (MVS) at its India Technology Center (ITC). This first-of-its-kind simulator in the Indian off-highway segment

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Ambuja Cements to Acquire 1.5 MTPA Grinding Unit at Tuticorin

Ambuja Cements to Acquire 1.5 MTPA Grinding Unit at Tuticorin

Ambuja Cements, part of the Adani Portfolio, has signed a definitive agreement to acquire My Home Group's 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. The acquisition, valued at ₹413.75 Crores, will be funded through

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TVS ILP invests ₹125 cr in Cuttack Logistics Park

TVS ILP invests ₹125 cr in Cuttack Logistics Park

TVS ILP has invested Rs 125 crore in the upcoming state-of-the-art warehousing facility in Cuttack, Odisha, marking a significant expansion for the company in the eastern markets. The upcoming facility spans 24 acres of land, housing

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Manitou & SSAB Signs Letter of Intent for Fossil-Free Steel Deliveries

Manitou & SSAB Signs Letter of Intent for Fossil-Free Steel Deliveries

Manitou Group, a global leader in handling, aerial work platforms, and earth moving sectors, has announced a letter of intent with Nordic steelmaker SSAB for fossil-free steel deliveries. The deliveries will commence in 2026 and increase

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Experion Developers Unveils Luxury Residential Project in Noida

Experion Developers Unveils Luxury Residential Project in Noida

Experion Developers, a fully FDI-funded real estate developer and subsidiary of Experion Holdings Pte Ltd, Singapore, has announced its new project in Noida, Uttar Pradesh. Acquiring prime land parcels in Sector 45, the developer

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Construction Begins on Victoria Metro Station in Kolkata's Purple Line

Construction Begins on Victoria Metro Station in Kolkata's Purple Line

Construction has started for the Victoria Metro Station on Kolkata's Purple Line, which connects Joka to Esplanade. Following the recent opening of the Joka-Majerhat stretch, focus has shifted to the Mominpur (Excl.) to Esplanade section

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Tata, JSPL, SAIL, AM/NS & JSL bag ₹1,586-cr Railways order

Tata, JSPL, SAIL, AM/NS & JSL bag ₹1,586-cr Railways order

Tata Steel, Jindal Steel and Power Limited (JSPL), ArcelorMittal Nippon Steel (AM/NS), Steel Authority of India Limited (SAIL), and Jindal Stainless Limited (JSL) have secured steel supply contracts from the Railways valued

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Edelweiss Alternatives Acquires L&T Infrastructure Development Projects

Edelweiss Alternatives Acquires L&T Infrastructure Development Projects

The Infrastructure Yield Plus strategy, backed by Edelweiss Alternatives, has finalized the acquisition of L&T Infrastructure Development Projects Ltd (L&TIDPL). The portfolio includes seven operational roads and one power transmission

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Sobha to Develop ₹2,700-2,800 Crore Row Housing Project in Bengaluru

Sobha to Develop ₹2,700-2,800 Crore Row Housing Project in Bengaluru

Sobha announces plans for Sobha Crystal Meadows, a 26-acre row housing project in Bengaluru, Karnataka. With an estimated revenue potential of approximately ₹2,700-2,800 crore, construction on the RERA certified project

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Infrastructure Sector Seen Robust Demand in H2FY24: CareEdge Ratings

Infrastructure Sector Seen Robust Demand in H2FY24: CareEdge Ratings

According to CareEdge Ratings, the credit ratio of the infrastructure sector has remained robust at 2.29 in H2FY24, slightly up from 2.21 in H1FY24. The growth was fueled by more upgrades in the transport infrastructure segment

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Terravista Developers Acquires 25-acre Land in Pune for ₹471 cr

Terravista Developers Acquires 25-acre Land in Pune for ₹471 cr

Adani Group's Terravista Developers has acquired leasehold rights of a 25-acre land parcel in Pimpri industrial zone in Haveli locality of Pune, Maharashtra for ₹471 crore from Finolex Industries. Stamp duty of over

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Govt to Shift to 'Lane km' Measurement for Highway Construction

Govt to Shift to 'Lane km' Measurement for Highway Construction

The government is considering a shift in the method of measuring highway construction in the country from 'road km' to 'lane km' starting this financial year. This adjustment comes as the focus shifts towards constructing more expressways

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