Govt plans 875 km new border roads under ICBR-III
South Eastern Railway Floats Tender for Construction Projects in WB
The South Eastern Railway (SER) has issued a tender for the construction of various structures in West Bengal, in connection with the Deshpran-Nandigram new Broad Gauge rail line. The scope of work includes a minor bridge, toe
ArcelorMittal Nippon Steel India Plans Rs 85 Bn Fundraise for Expansion
ArcelorMittal Nippon Steel India is in discussions with banks to raise approximately Rs 85 billion (USD one billion) to support its expansion plans. State Bank of India, ICICI Bank, and Axis Bank are among the lenders expected
K Raheja Corp to Redevelop SOBO Central Mall into Luxury Residences
K Raheja Corp plans to transform SOBO Central Mall, India's first mall, into a luxury residential project, according to sources familiar with the matter. Located on a 1.3-acre site in the prime Haji Ali area, the redevelopment
Gerrit Marx Appointed as CEO of CNH Industrial N.V.
CNH Industrial N.V. has announced the appointment of Gerrit Marx as its new CEO, effective from July 1, 2024. He will succeed Scott Wine, who will depart at the end of the current three-year business plan cycle to pursue other
MMRDA Implements Heat Safety Measures for Construction Workers
The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced measures to protect construction workers from high temperatures during summer. With rising temperatures and a severe heat wave alert in the Mumbai
MoRTH Invites Tender for Two-Laning of Bero-Khunti Section in Jharkhand
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
Sundream Group to Invest ₹250 Cr in Anthurium Business Park 2nd Phase
The Sundream Group plans to invest ₹250 crore in the second phase of Anthurium Business Park in Noida, Uttar Pradesh, during this financial year. This investment is in addition to the ₹250 crore already invested in the project's
Mahindra Logistics launches skill development training centers
Mahindra Logistics Limited has planned to launch nationwide Community Centers of Excellence (CCoE) in partnership with Logistics Skill Council to address the shortage of skilled workers in the logistics sector. These centers will provide
Bigbloc Building Elements Plans 625 KW Solar Project at Wada Plant
Bigbloc Building Elements Pvt Ltd, a subsidiary of BigBloc Construction Ltd, plans to install a 625 KW rooftop solar power project at its Wada Plant in Palghar, Maharashtra, with an investment of ₹2.5 crore. This initiative aligns with
NHAI to Monetise 2,741 km Highway Stretches Through TOT & InvIT Modes
The National Highways Authority of India (NHAI) has earmarked 33 highway stretches, totaling 2,741 kilometres, for monetisation in the current financial year through Toll Operate Transfer (TOT) and Infrastructure Investment Trust (InvIT)
Walplast Expands Manufacturing Capacity with 2 New Plants in South India
Walplast Products Pvt. Ltd, a leading building materials producer and the third-largest Wall Putty manufacturer in India, has expanded its manufacturing capacity with two new plants in Chennai and Perundurai, Tamil Nadu. Specializing
Capacit'e Infraprojects Secures ₹549 Cr Orders in Mumbai & Thane
Capacit'e Infraprojects has won orders totaling ₹549 crore from Macrotech Developers in Mumbai and Raymond in Thane, Maharashtra. The ₹256 crore contract with Macrotech Developers is for a luxury residential project in Mumbai's
SDLG Inaugurates Wheel Loader Manufacturing Facility in Bengaluru
SDLG, a member of the Volvo Group, specializes in sustainable solutions for construction, earthmoving, infrastructure, and mining projects. Operating in India since 2009, SDLG has made significant contributions to the construction
Doka Acquires Malaysian based MFE Formwork Technology
Doka, a global leader in formwork and scaffolding, has merged with Malaysian-based MFE Formwork Technology, a market leader in monolithic aluminium formwork. Together, they have become a major player in the Asia-Pacific region
Domestic MCE Industry Volumes to Decline by 12-15% in FY2025: ICRA
ICRA projects the volumes of the domestic MCE industry to decline in FY2025 following two consecutive years of strong growth viz. 26% in FY2023 and 24% in FY2024e[1]. The reversal in this growth trend will be driven by a slowdown in the
Niftylift Honoured as Hire Industry Supplier of the Year 2024
Milton Keynes, UK – Niftylift Ltd, a leading manufacturer of mobile elevating work platforms, has been named the Hire Industry Supplier of the Year at the prestigious Hire Awards of Excellence 2024. The ceremony, organized by Hire
IREDA's GIFT City office to boost Green Hydrogen Projects
Indian Renewable Energy Development Agency Ltd. (IREDA) has launched an office in GIFT City, Gandhinagar, specializing in providing debt options in foreign currencies. This move aims to facilitate natural hedging, reducing financing
JK Tyre Opens 22nd Brand Shop in Tamil Nadu
JK Tyre & Industries Ltd has inaugurated its 22nd brand shop in Tamil Nadu, marking an expansion of its last-mile presence in India. The one-stop solution brand shop, named Hindustan Tyres, was inaugurated by Mr. Sanjeev Sharma
Road execution to grow by 5-8% in FY2025 to 12,500-13,000 km: ICRA
ICRA expects road execution to witness a growth of 5-8% to 12,500-13,000 km, after recording a robust expansion of ~20% in FY2024. The pace of execution in this fiscal will be supported by a healthy pipeline of projects
