AT A GLANCE
ECONOMY & POLICY

AT A GLANCE

Two of India's leading think tanks, GRIHA Council and FIRST Construction Council (FCC) have inked an MoU for information sharing in the latest developments in their respective fields of operation. The MoU will see the two organisations work closely in areas of common interest, particularly t...

Two of India's leading think tanks, GRIHA Council and FIRST Construction Council (FCC) have inked an MoU for information sharing in the latest developments in their respective fields of operation. The MoU will see the two organisations work closely in areas of common interest, particularly the construction sector. The two will also work together towards developing programmes on sustainable construction practices in association with stakeholders in the industry.CREDAI Telangana recently organised the second edition of its real estate awards ‘CREATE – 2019’ for the state, to promote and recognise its members for their outstanding contribution to the sector during the last two financial years. 

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Infrastructure Transport

Three Firms Bid for DPR of Bengaluru–Tumakuru Metro Corridor

Three consulting firms have submitted bids for the preparation of the detailed project report (DPR) for the proposed Bengaluru–Tumakuru Metro corridor, which will extend up to Tumakuru from Madavara. The proposed Metro line will span 59.6 km and is planned to include 27 stations, with the DPR assignment valued at Rs 200.89 million.The bidders competing for the project are RITES, Capital Fortunes, and Aarvee Engineering Consultants. Officials said that the Bangalore Metro Rail Corporation (BMRCL) opened the bids earlier this week and the technical evaluation process is currently underway.Once..

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Infrastructure Urban

LG Clears Land Allotment for Rithala–Kundli Metro Corridor

A major bottleneck in the implementation of the Rithala–Narela–Kundli Metro corridor under Phase IV has been resolved, with Delhi Lieutenant Governor V.K. Saxena approving the allotment of Delhi Jal Board (DJB) land to the Delhi Metro Rail Corporation (DMRC) for construction of a key viaduct.The approval, which had been pending for several years, pertains to land required for building the viaduct stretch between Rithala and Rohini Sector 25. Officials said the decision will significantly accelerate work on the long-awaited corridor, which is critical for improving connectivity in north-wes..

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Infrastructure Urban

V.L. Infraprojects Wins Rs 420.12 Mn GWSSB Water Supply Project

V.L. Infraprojects Limited (NSE: VLINFRA), a specialist in water supply and sewerage infrastructure, has received a Letter of Intent from the Gujarat Water Supply & Sewerage Board (GWSSB) for the augmentation of the Hadaf Regional Water Supply Scheme in Limkheda and Singvad talukas of Dahod district, Gujarat.The project is valued at Rs 420.12 million and has been awarded at 5.99 percent above the estimated cost. It will be executed through a joint venture between V.L. Infra Projects, which holds an 80 percent stake as the lead partner, and H.M. Electro Mech with a 20 percent share. The con..

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