Cabinet approves policy on longterm leasing of Railways land
RAILWAYS & METRO RAIL

Cabinet approves policy on longterm leasing of Railways land

The revised railways’ land policy will enable integrated development of infrastructure and more cargo terminals. It provides for long-term leasing of railway land for cargorelated activities for a period of up to 35 years at 1.5 per cent of the market value of land per annum. The existing...

The revised railways’ land policy will enable integrated development of infrastructure and more cargo terminals. It provides for long-term leasing of railway land for cargorelated activities for a period of up to 35 years at 1.5 per cent of the market value of land per annum. The existing entities using railway land for cargo terminals can switch to the new policy regime after a transparent and competitive bidding process.

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Technology

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Infrastructure Urban

JustDeliveries Raises Rs 50.5 Mn from VC Grid and NABVentures for Growth

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Infrastructure Urban

BEML Acquires Land in Chhattisgarh for New Plant

BEML Limited, a prominent public sector undertaking under the Ministry of Defence and a key player in defence and heavy equipment manufacturing, has unveiled a major expansion initiative with the acquisition of land in Chhattisgarh for a new manufacturing facility.According to a regulatory filing dated 9 May, the Chhattisgarh state cabinet has approved the allotment of 100 acres of land to BEML in the Janjgir-Champa district. The land has been allocated at a token rate of Re 1 per acre, paving the way for the establishment of a modern manufacturing unit focused on Heavy Earth Moving Equipment...

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