Chennai aims to repair 500 roads ahead of northeast monsoon

The Greater Chennai Corporation is on a mission to repair 500 roads across the city
The Greater Chennai Corporation is on a mission to repair 500 roads across the city before the onset of the Northeast monsoon, providing relief to residents in areas like Manapakkam, Mugalivakkam, Ramapuram, Porur, and Madipakkam, which have been plagued by potholes and road damage. Approximately 100 roads have already been re-laid since September 20, with the main challenge being sporadic rains and restrictions on transporting hot mix during the daytime. To prepare for the rains, the corporation is also removing parked and abandoned vehicles and conducting patchwork worth ₹13 crores. Recent repairs have included roads like Chowdary Nagar Main Road, Kadamban Street, Kattabomman Street in Valasaravakkam, and Wireless Cross Road in Porur.
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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RITES to Supply 200 Passenger Carriages to Bangladesh Railways

RITES to Supply 200 Passenger Carriages to Bangladesh Railways

RITES, a leading transportation consultancy and engineering firm, has secured a contract worth Rs 915 crore to supply 200 broad gauge passenger carriages to Bangladesh Railways. In addition to carriage supply, RITES will provide

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JSW Cement to Invest Rs 3,000 Cr in New Rajasthan Facility

JSW Cement to Invest Rs 3,000 Cr in New Rajasthan Facility

JSW Cement has announced plans to invest approximately Rs 3,000 crore in establishing a cement manufacturing facility in Nagaur district, Rajasthan. The greenfield project will be financed through a combination of debt and equity

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NHAI Establishes Corridor Management Units for National Highways

NHAI Establishes Corridor Management Units for National Highways

The National Highways Authority of India (NHAI) has launched Corridor Management Units (CMUs) to oversee the operation and maintenance of National Highway stretches. This strategic initiative aims to enhance focus on monitoring

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Assetz Property Launches Luxury Residential Project in Bengaluru

Assetz Property Launches Luxury Residential Project in Bengaluru

Assetz Property Group has unveiled the upscale residential project Sora & Saki at KIADB Hardware & IT Park. Collaborating with Fairlark, a renowned business house, Assetz promises to redefine urban living with a focus on design, luxury

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Patel Engineering Reports Strong Financial Performance in Q4 FY24

Patel Engineering Reports Strong Financial Performance in Q4 FY24

Patel Engineering Limited, one of the pioneers in integrated infrastructure and construction services in India has announced its financial results for the last quarter of FY24. Rupen Patel, Chairman & Managing Director, Patel Engineering

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