MoRTH Invites Tender for Two-Laning of Bero-Khunti Section in Jharkhand

MoRTH
The Ministry of Road Transport and Highways (MoRTH) has issued a tender for the two-laning of the Bero-Khunti section in Jharkhand. The project involves widening or reconstructing the road to two lanes with paved shoulders from km 37.400 to km 85.560 on NH-143AG.

The Engineering, Procurement, and Construction (EPC) work is expected to be completed within 24 months at an estimated cost of ₹363.51 crore. The deadline for bid submission is set for June 1, 2024.
A.P. Moller & JSW Infra to Form JV for Indian Ports & Logistics

A.P. Moller & JSW Infra to Form JV for Indian Ports & Logistics

Denmark-based infrastructure fund manager A.P. Moller Capital, part of the A.P. Moller Group, has signed a memorandum of understanding (MoU) with JSW Infrastructure to form a joint venture (JV) aimed at investing in and developing

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JK Tyre Opens 12th Brand Shop for Commercial Vehicles in Maharashtra

JK Tyre Opens 12th Brand Shop for Commercial Vehicles in Maharashtra

JK Tyre & Industries Ltd., a leading player in the Indian tyre industry, has inaugurated its 12th brand shop for commercial vehicles in Maharashtra. This new facility, operated by ARM Logistic Solutions Pvt. Ltd., was inaugurated

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GAIL (India) Inaugurates 1st Green Hydrogen Plant in Madhya Pradesh

GAIL (India) Inaugurates 1st Green Hydrogen Plant in Madhya Pradesh

GAIL (India) has inaugurated its first green hydrogen plant at Vijaipur, Madhya Pradesh, marking a significant step in its expansion into new and alternative energy sources. The 10-MW proton exchange membrane (PEM) electrolyser

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RVNL Wins Bid for Six Elevated Metro Stations in Nagpur

RVNL Wins Bid for Six Elevated Metro Stations in Nagpur

Rail Vikas Nigam Ltd. (RVNL) has been selected as the lowest bidder by Maharashtra Metro Rail Corporation (Nagpur Metro) for constructing six elevated metro stations in Nagpur. These stations will be located at Cantonment, Kamptee Police

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394-meter-long ADIT Completes for Bullet Train Project

394-meter-long ADIT Completes for Bullet Train Project

The Additionally Driven Intermediate Tunnel (ADIT) of 394 meter at Ghansoli for Mumbai- Ahmedabad Bullet Train Project, has been excavated. This will expedite the construction of 21 km long tunnel between BKC and Shilphata in Maharashtra.

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Kolkata Metro to Implement Driverless Technology with CBTC System

Kolkata Metro to Implement Driverless Technology with CBTC System

Kolkata Metro, India’s first metro system, is set to implement the Communication-Based Train Control (CBTC) system, enabling driverless train operations on two routes. This advanced signalling upgrade, costing ₹800 crore, will

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Railways Floats Tender for Infra Projects on Solapur-Tuljapur Section

Railways Floats Tender for Infra Projects on Solapur-Tuljapur Section

Central Railway has issued a tender for the construction of major bridges, road over bridges (ROBs), and various civil structures on the Solapur-Tuljapur section in Maharashtra. The project, valued at ₹942.03 crore, includes earthwork

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Navanaami Projects Unveils Luxury Residential Project in Hyderabad

Navanaami Projects Unveils Luxury Residential Project in Hyderabad

Navanaami Projects Private Ltd., a leading real estate developer from Hyderabad, has unveiled "The Megaleio," a luxurious residential project, at a grand event in the city. The project, envisioned as Navanaami's flagship, showcases

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India Ratings Maintains Stable Outlook for Infrastructure Sector in FY25

India Ratings Maintains Stable Outlook for Infrastructure Sector in FY25

India Ratings and Research (Ind-Ra) has maintained a Stable rating outlook for the overall infrastructure sector for FY25, while keeping a Positive outlook on airports. The rating outlook for thermal assets has been revised to Stable

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Elgi Equipments Unveils Upgraded EG PM Series Air Compressors

Elgi Equipments Unveils Upgraded EG PM Series Air Compressors

Elgi Equipments, a global leader in air compressor manufacturing, has introduced the EG PM (Permanent Magnet) oil-lubricated screw air compressors ranging from 11 to 45 kW, enhancing its EG Series range. The advanced EG PM

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ICRA Forecasts Optimistic Monetisation Potential of NHAI Road Assets

ICRA Forecasts Optimistic Monetisation Potential of NHAI Road Assets

ICRA predicts a monetisation potential of ₹53,000 – 60,000 crore from the sale of 33 road assets through TOT/InvIT mode, offering a lending opportunity of ₹38,000-43,000 crore for banks/capital markets. They anticipate

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RSIIL Secures Two Infrastructure Projects Worth ₹4,900 Cr

RSIIL Secures Two Infrastructure Projects Worth ₹4,900 Cr

Roadway Solutions India Infra Limited (RSIIL), a demerged entity from Roadway Solutions India Private Limited (RSIPL), has won two infrastructure projects from Maharashtra State Road Development Corporation (MSRDC) valued at

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Road Transport Fleet Operators Set to Double Revenue Growth

Road Transport Fleet Operators Set to Double Revenue Growth

Revenue growth of road transport fleet operators is expected to double to 9-11% this fiscal, riding on better domestic demand, and despite tepid exports. Also, operating margin is seen improving 75-100 basis points on better

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JSW Paints Marks Milestone with First Operating Profits

JSW Paints Marks Milestone with First Operating Profits

JSW Paints, India’s leading environment-friendly paints company and part of the US$ 24 billion JSW Group, posted its first full year operating profits at an EBITDA margin of more than 3% (approx. ₹67 crores) for the fiscal year ended

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Cube Highways Trust Closes FY24 On Strong Note

Cube Highways Trust Closes FY24 On Strong Note

Cube Highways Trust has announced its results for the quarter and the full-year ended March 31, 2024. The Board of Directors of the Investment Manager has declared a Distribution Per Unit (“DPU”) of ₹3.94 to ordinary unitholders, amounting

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AM/NS India drives cost efficiencies to yield financial savings

AM/NS India drives cost efficiencies to yield financial savings

AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, announced financial savings of ₹2,900 crore for 2023, crediting its continuous improvement program. This initiative prioritizes process optimization, workplace safety

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JK Tyre Reports Strong FY24 Performance, Declares 225% Dividend

JK Tyre Reports Strong FY24 Performance, Declares 225% Dividend

JK Tyre & Industries Ltd. announced its audited results for FY2024, with the Board recommending a dividend of ₹4.50 per equity share. Dr. Raghupati Singhania, CMD, highlighted the company's highest-ever sales and profits during the fiscal

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76,000 Segments to be cast for 16 km tunnel for Bullet Train Project

76,000 Segments to be cast for 16 km tunnel for Bullet Train Project

A 21-kilometer tunnel is under construction between the Bandra Kurla Complex and Shilphata for the Mumbai-Ahmedabad Bullet Train Project. Of the total length, 16 kilometers will be excavated using three Tunnel Boring Machines (TBMs), while

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MoRTH Constructs 483 km National Highways in April 2024

MoRTH Constructs 483 km National Highways in April 2024

In April 2024, the Ministry of Road Transport and Highways (MoRTH) made significant progress across various fronts. The construction of National Highways saw the completion of 483 kilometers, compared to 523 kilometers in the same

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