K Raheja Corp has entered in an agreement with Pune-based Aditya Shagun Developers to develop a prime 3 acre land parcel in Pune’s Baner locality into commercial office space.
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The National Highways Authority of India (NHAI) has started the land acquisition process in Pune district for a Rs.37.50 bn project for four-laning the Dnyaneshwar and Sant Tukaram palkhi procession routes.
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The Finance Minister has voted for growth. Faced with adversities at hand, she delivered a positive outlook to mend India’s economy and nurse it back to health.
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With the advent of COVID-19, the entire focus of the industry is now on hands-free, seamless access through built spaces. The most common surfaces we touch in our daily life are door handles and elevator buttons. And these are probably the surfaces most susceptible to the spread of viruses.
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Maharashtra’s energy department would spend Rs.25 bn per annum for infrastructure development for state-owned distribution company Mahavitaran (MSEDCL).
The Solar Energy Corporation of India (SECI) has issued a tender on behalf of the Bharat Coking Coal (BCCL) to construct a 25 MW solar power project at its Bhojudih coal washery in Purulia, West Bengal. Bidders are not required to make an earnest money deposit for the tender.
The world’s largest floating solar energy plant, at 600 MW, is to be constructed on the Omkareshwar Dam reservoir on the Narmada river in Khandwa district of Madhya Pradesh.
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The Union Government has approved two key proposals - setting up a multi-modal logistics and transport hub in Greater Noida, Uttar Pradesh and industrial corridor nodes at Krishnapatnam, Andhra Pradesh and Tumakuru, Karnataka.
The National Highways Authority of India has started planning for the Bharatmala Phase-II project and has identified roads with a total length of 5,000 km to be built under the project.
The Asian Development Bank (ADB) and the Indian government have signed a $231 million loan to augment electricity generation in Assam through construction of a 120 MW hydroelectric power plant
The detailed project report of the Pahantoli Irrigation Scheme in Simdega, Jharkhand has been completed by the Central Water Commission (CWC). The total cost of this minor irrigation scheme is Rs.565.3 mn. This is the third completed DPR for the state.
The Kerala Government has handed over Rs.3,460 mn to acquire land for the proposed manufacturing hub at Palakkad, which is part of the Kochi-Bengaluru industrial corridor.
Tamil Nadu Chief Minister Edappadi K Palaniswami, in a recent series of virtual events, unveiled new bridges, laid the foundation stones for irrigation projects.
The Board of Approvals, the highest body for approval of Special Economic Zones in the country, has approved the setting up of a new IT/ITES SEZ, Sustain Properties, at Raidurg village in Ranga Reddy district of Telangana in an area of 1.466 hectare.
Close on the heels of the Centre’s approval of a Multi-Modal Logistics Hub and Multi-Modal Transport Hub in Greater Noida, the Uttar Pradesh government has approved the first investment proposal under the state’s Warehousing and Logistics Policy, 2018 for establishing a warehousing unit in Lucknow.
Following one of the largest land development deals in Kolkata in 2020, the Ambuja Neotia Group and Satyaa Homes will jointly develop a 72 acre township in Rajarhat in the north-eastern part of the West Bengal capital, with Ambuja Neotia as the development management partner and HDFC Capital Advisors as finance partner.
The inland waterways transport infrastructure in West Bengal will get a boost with the Transport Department executing the Inland Waterways Transport Logistics and Spatial Development Project.
The Maldives got its first running track of international standard with the inauguration of an India-backed project, which is part of a $13 mn programme for community development projects.
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Malaysia-headquartered IQI, a real estate agency and advisory firm, has launched operations in India with plans to invest Rs.1 bn to acquire grade A commercial and retail assets in the country.
DLF in a joint venture with Singapore's sovereign wealth fund GIC, will develop 8 mn sq ft of high-end residential towers at Central Delhi’s Moti Nagar, with a revenue expectation of Rs120-150 bn. The DLF-GIC JV operates over 32 mn sq ft of office space.
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Thanjavur Smart City (TSCL) has floated a tender for a 3 MW solar power project at the Sirajudeen Nagar Sewage Treatment Unit in Thanjavur, Tamil Nadu. The deadline for submission of bids is February 2, 2021.
Kudla will shortly get 12 km of cycle tracks on various routes, as Mangaluru Smart City has invited tenders to construct such tracks on three routes in the city under the India Cycles4Change Challenge of the Union Ministry of Housing and Urban Affairs.
To bring relief from frequent malfunctioning of the underground drainage system in the city, Tiruchi Corporation has decided to revamp the existing sewerage network at an estimated cost of Rs.1.67 bn.
The Cochin Smart Mission (CSML) is developing cycle lanes throughout the smart roads in Kochi. The cycle tracks are aimed at encouraging people to use the clean and healthy mode of transport in daily life.
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Air connectivity to the economically poor Bundelkhand region is set to improve, as the Uttar Pradesh Government has approved the development of Lalitpur airport to and make it fit for ATR aircraft.
A proposal to expand the terminal building at Madurai airport is ready and awaiting approvals. The work is expected to cost Rs.3000 mn. It will commence in nine months and will be completed in one year after commencement.
Noida International Airport has forwarded suggestions from the Director General of Civil Aviation and the Airports Authority of India (AAI) for minor changes to the airport master plan of Yamuna International Airport (YIAPL).
After the success of air services at Jagdalpur’s Maa Danteshwari Airport, the Bastar district administration in Chhattisgarh is planning expansion of the airport, and gearing up to start the survey work for this.
The expansion of Mysuru airport, which hinged on release of funds from the state government, is set to be expedited with Chief Minister BS Yediyurappa ordering the Finance Department to release Rs.500 mn as the first tranche
The West Bengal Industrial Development Corporation (WBIDC), under the Department of Industry, Commerce & Enterprises, on behalf of the West Bengal Maritime Board, has invited expressions of interest for a greenfield deep sea port.
State commerce and transport minister Padmanabha Behera reviewed the progress of two port projects at Subarnarekha in Balasore district and Astaranga in Puri district and asked officials to resolve the bottlenecks.
The Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) has crossed Rs.1 trillion in market capitalisation for the first time, following news of Adani International Container Terminal having settled its first $300 mn public dollar bond issue on December 21, 2020.
Paradip Port Trust, India’s biggest state-owned cargo handler by volumes, has sought initial bids from private firms to build a 25 mn tonne (mt) capacity dry bulk cargo terminal estimated to cost Rs.23,921.3 mn.
The Centre has approved new National Highway projects worth Rs.58.01 bn for Maharashtra under the Annual Plan. These include improving and developing 1035 km of National Highways in the state.
To improve mandal and rural road connectivity, the Andhra Pradesh Government has earmarked Rs.64 bn for two mega projects aimed at expanding 3,104 km of roads and reconstruction of 479 bridges.
In a major impetus for road infrastructure in north Karnataka, the Centre has sanctioned 13 highway projects of a length of 847 km at a cost of Rs.210 bn.
The long overdue proposal to redevelop the Ernakulam Junction railway station by building a modern station got a boost as the Rail Land Development Authority (RLDA) invited request for quotation (RFQ) for the purpose.
Ten companies that qualified to submit financial bids in the next three to four months are GMR Enterprises, ISQ Asia Infrastructure Investments, Kalpataru Power Transmission, Anchorage Infrastructure Investments Holdings, Adani Railways Transport, Brookfield Infrastructure Fund IV, Moribus Holdings, Godrej Properties, Keystone Realtors and Oberoi Realty.
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According to the rating agency ICRA, cement demand is expected to increase by up to 20 per cent in the next fiscal year with volumes touching FY2019-FY2020 levels.
Birla Corp is looking to increase its 15.5 mn tonne (mt) capacity to 21 mn tonne over the next two years. Currently the firm is present in the Central, North and East regions, the new capacity will come up in Maharashtra in the West.
As the market continues to be favourable for cement manufacturers, Star Cement, which has a strong presence in the northeast, is expanding into eastern India with capacity expansion at Siliguri, West Bengal.
The days of soft input costs for the cement sector are coming to an end, according to analysts. Operating margins of cement firms would come under pressure in the December quarter (Q3) as input costs rise.
German manufacturer Liebherr is debuting its second electric-drive large machine: crawler cranes. The company says its LR 1200.1 unplugged and LR 1250.1 unplugged models are the world’s first battery-powered crawler cranes.
India has delivered a consignment of heavy equipment, including cranes, for further development of Iran’s Chabahar port, signalling New Delhi’s commitment to the strategic connectivity project that can provide access to markets in Central Asia.
E-II Series trucks from John Deere feature redesigned dump bodies. The new design is wider and lower with a level rail height and angled bin rail for improved material retention.
The CC30 Concrete Claw attachment, manufactured by Kubota’s Land Pride subsidiary, is used for removing large sections of concrete floors, driveways, sidewalks and other large slabs.
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India is the second largest cement producer in the world and accounted for over 8% of the global installed capacity as of 2019 with an overall cement production capacity of around 545 million tons (MT) in FY20. The Indian cement industry is swiftly developing due to the increasing demand of construction sectors, be it housing, commercial, industrial, etc.
ABB has partnered with the Surat Municipal Corporation since 2014, and continues to support its vision of supplying a smart water management system across the city through safe and smart electrification systems.
Cement demand is expected to increase by up to 20 per cent in the next fiscal year with volume touching FY19-FY20 levels, rating agency ICRA has said in the second week of January 2021.
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Following the successful launch of India’s first-ever fully automated driverless train service on one of its 11 corridors a few days earlier, the Delhi Metro Rail Corp. (DMRC) is now gearing up to launch it in another by the second half of this year.
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ABB India has launched Formula DIN-Rail, a complete range of Miniature Circuit Breakers (MCBs), Residual Current Circuit Breakers (RCCBs) and Isolators for all types of residential and commercial buildings.
Asian Granito India launched its AGL Grestek MarbleX range of tiles available in 800X1600 mm size. This range is an ideal choice for interior as well as exterior spaces.
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Partha Mookherjee, Head – Mining Equipment Business, Larsen & Toubro, shares information on the current scenario of mining sector in India, and the company’s latest products and solutions for mining applications.
Sales of all equipment types will rise in the long term, except irregularly sold machines and the market will continue to be dominated by popular products, Samir Bansal writes.
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The company has received a LoA ofrom Namami Gange and Rural Water Supply Department in Uttar Pradesh for construction of Kachonda Kalan group of villages water supply scheme.
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India is all set to adopt the European Train Control System (ETCS) for the first time, and the beneficiary will be the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) corridor.
The 351 km New Bhaupur-New Khurja section of the Eastern Dedicated Freight Corridor (EDFC), built at a cost of `57.5 billion, was inaugurated by Prime Minister Narendra Modi through video conferencing. This is the first section of the Eastern DFC to be completed.
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Construction of the new Parliament building under the Government's ambitious Central Vista redevelopment plan, which received approval in January, began on January 15, 2021.
Union Minister of Roads, Highways and Shipping Nitin Gadkari spoke about the cartelisation between steel and cement companies at a webinar organised by Builders Association of India (BAI).
Maharashtra Chief Minister Uddhav Thackeray formally inaugurated the tunnelling work for India’s biggest tunnel boring machine (TBM) by Larsen & Toubro (L&T) for the twin 1,920-m tunnels between Priyadarshini Park and Chowpatty in Mumbai.
The Union Cabinet recently approved a reform package for the mineral and mining sector that would involve amendments to three existing laws, pricing formula for minerals, exploration of mines and several taxes and duties levied on mining.
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