Commercial Operations Begin at Logistics Park in Nagpur
The Multi Modal Logistics Park (MMLP) at Sindi near Wardha in Nagpur has officially commenced commercial operations, receiving its first cargo consignment of 123 Maruti cars from Farukhnagar on April 28. Developed by National Highway Logistics Management Limited (NHLML) and Jawaharlal Nehru Port Authority (JNPA), the park spans 150 acres and is being built at a total cost of Rs 6.73 Bn.The project is being executed under a public-private partnership model in three phases, with Phase I requiring an investment of Rs 1.37 Bn. A special purpose vehicle, Maharashtra MMLP Pvt Ltd, has been formed by..
PM Modi Launches Rs 580 Bn Infra Drive in Andhra
Prime Minister Narendra Modi inaugurated and laid the foundation stone for development projects worth over Rs 580 Bn in Amaravati, Andhra Pradesh. The initiatives span highways, railways, capital infrastructure, flood mitigation, and defence, with a focus on improving logistics, connectivity, and regional development.Seven National Highway projects were launched, including widening and construction of roads over bridges and subways. These aim to enhance connectivity to key destinations like Tirupati, Srikalahasti, Malakonda, and Udayagiri Fort. Six additional highway projects and a railways pr..
Suraksha to Complete 20,000 Unfinished Jaypee Infratech Homes
Suraksha Group has committed Rs 55 Bn to complete around 20,000 stalled homes under Jaypee Infratech, with full delivery targeted by 2027. The group has secured a Rs 30 Bn credit line and infused Rs 1.25 Bn in equity to resolve the long-standing homebuyer crisis.Construction is underway across 159 residential towers. Occupancy certificates have been issued for 22 towers, applications filed for 12 more, and an additional 18 expected by early June. Jaypee Infratech aims to deliver 62 towers by the end of 2025, while the remaining 97 will be handed over within the next 40 months.Despite prior del..
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