MoRTH
The Union transport ministry has planned to construct 40-km of highways every day in the current financial year, beating its daily record of 37 km that was constructed during 2019-20. The ministry has exceeded the target for highway construction for the financial year 2021, despite the ongoing pandemic and had constructed 13,505 km of National Highways till 31 March 2021. Minister for Road Transport, Nitin Gadkari informed that the government is giving utmost priority to the development of infrastructure and has set a target of road construction worth ₹15 lakh crore in the next two years. The Union budget for fiscal 2022 increased the outlay for the road transport and highways ministry to ₹1.18 trillion and the ministry is confident that it will achieve the laid down target in current fiscal. While there is an improvement in passenger and commercial vehicles traffic post the first pandemic wave, vehicular road traffic has since dipped due to the second wave that is raging across the country. India has a 137,635 km national highway network and the government is expecting a private investment to the tune of ₹30,000 crore in the financial year 2021-22 through the hybrid annuity model and build-operate-transfer (BOT) model.

L&T starts concrete pouring works on MAHSR project

To complete the Mumbai - Ahmedabad High Speed Rail (MAHSR Bullet Train) project, Larsen & Toubro has started pouring concrete for the first pier of the 508.17-km Mumbai –line linking the two cities through 12 stations in Maharashtra and Gujarat Read More ...

MPC approves ₹14,788.10-cr Namma Metro expansion

The Metropolitan Planning Committee (MPC) has approved Namma Metro's projects Phase II-A from Central Silk Board to KR Puram and also Phase II-B starting from KR Puram to the Kempegowda International Airport covering a total length Read More ...

Centre-EIB inks Euro 600-mn Pune metro funding pact

The Central government and European Investment Bank (EIB) has signed the financing contract for the second tranche of Euro 150 million for Pune Metro Rail project in a virtual ceremony. EIB has approved a total loan worth Euro 600 million Read More ...

GHMC expedites ₹16,785-cr big-ticket infra projects

The Greater Hyderabad Municipal Corporation has fast-tracked 20 major and big-ticket infrastructure projects entailing an investment of ₹4,741 crore as a part of the Strategic Road Development Plan (SRDP). The state government and the Read More ...

Centre sanctions ₹1,448-cr for industrial corridor

Centre has sanctioned ₹1,448 crore to the APIIC Ltd to take up infrastructure works at Krishnapatnam node under the Chennai Bengaluru Industrial Corridor (CBIC) and an order to this effect was issued. Krishnapatnam is one of the three nodes Read More ...

UPMRC launches ballast-less casting track in Kanpur Metro

Under the Priority Stretch of Kanpur Metro that falls between IIT & Motijheel, Uttar Pradesh Metro Rail Corporation has commenced the casting work of the ballast-less track on the metro line. Metro engineers casted the first cross-over Read More ...

NHAI invites bids for ₹1,248-cr NH project in Kerala

To provide hassle-free travelling facilities to the local masses, the National Highways Authority of India has invited bids for the six-laning of Thuravoor-Paravoor section of the national highway in Kerala. The project involves scope of work including Read More ...

Flipkart rolls out 8 lakh sq ft retail space plans

The Walmart-owned Flipkart has planned to expand its fulfillment centres' capacity for grocery by more than 8 lakh sq ft over the next three months across Delhi, Kolkata and other cities thereby opening up huge biz avenues to infra builders Read More ...

Manitou unveils dedicated solutions for construction at Build the Future event

Manitou unveils dedicated solutions for construction at Build the Future event Manitou Group, the worldwide reference in rough-terrain handling, aerial work platforms and earthmoving, has unveiled the new segments in its construction range with new compact fixed and ultra-compact telehandlers, as well as new articulated loaders Read More ...

ICRA: 'Build India' to drive demand in 2021, despite the Covid-19 pandemic

After a 10-12% contraction in CY2020, dragged down primarily by the 39% decline in H1 CY2020, the mining and construction equipment (MCE) industry is poised to grow by 15-20% in CY2021 (5-10% in FY2022). Continuing the 23% recovery in Read More ...

HCC-KEC JV secures Chennai Metro order of ₹1,147 crore

Hindustan Construction Company Ltd., in a joint venture with KEC International Limited, has received a ₹1,147 crore contract from the Chennai Metro Rail Limited for constructing 7.95 km elevated viaduct section and nine elevated stations on Read More ...

Generic Engineering secures ₹101-cr construction contract

Generic Engineering Construction and Projects have secured construction orders worth ₹101.77 crore for institutional projects from various clients, existing as well as new ones, which includes residential, commercial, industrial and Read More ...

Xanadu Realty forays into Pune property market

Xanadu Realty has forayed into Pune property market and has tied up with developers including the House of Abhinandan Lodha and Kumar Properties to support their marketing initiatives. The company is aiming to generate revenue Read More ...

India-EU plans eco-city projects on PPP model

The Union government and European Union are planning for PPPs in EU eco-city projects covering the energy sector involving public lighting, waste-to-energy project and rooftop solar facility in Bengaluru, Bhubaneswar, Chennai, Mumbai Read More ...

Global Rental Alliance addresses key equipment rental issues

The Global Rental Alliance (GRA), a networking organisation for equipment rental associations, convened for the first time under the stewardship of the European Rental Association (ERA) to address the Alliance's future priorities and the expansion Read More ...

IndoSpace targets $300-mn investment in logistics sector

IndoSpace, country's largest investor and manager of Grade A industrial and logistics, has targeted to invest $300 million across major warehousing and industrial hubs in the country — and add 4 million sqft of warehousing portfolio by the end Read More ...

Greaves Cotton bets big on non-automotive biz

Following the increased demand from sectors such as infrastructure, defence, construction, farm and machinery, among others, Greaves Cotton expects its non-automotive engine business will continue to witness growth. CEO and MD Nagesh Read More ...

Western Railway plans 506 sq mtrs retail mall in Mumbai

Western Railway (WR) had planned to build a shopping mall that will have retail, game zone and even a recreation room as its commercial department will offer 506 sq meter of space adjacent to the booking office. The successful bidder can use this Read More ...
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