Centre Sanctions Rs 20 billion for Himachal Post Disaster Recovery
Real Estate

Centre Sanctions Rs 20 billion for Himachal Post Disaster Recovery

The Government of India has approved Rs 20.06 billion for post-disaster recovery efforts in Himachal Pradesh, following destruction caused by recent floods and landslides. This funding supports comprehensive restoration of critical infrastructure, damaged homes, and affected livelihoods.

The funds will be used to rebuild key infrastructure—such as roads, bridges, and public facilities—ensuring connectivity and essential services in remote areas. Additionally, damaged residential units will receive housing grants to assist displaced families in rebuilding.

A portion of the funding is earmarked for restoring community assets, including schools, health centres, and water supply systems, aimed at stabilising public life and supporting economic recovery in affected regions.

The sanctioned assistance reflects the central government’s commitment to swift and effective rehabilitation, complementing state efforts to provide relief and ensure long-term safety. Reconstruction work is expected to begin promptly, with an emphasis on resilience to reduce vulnerability to future natural calamities.

The Government of India has approved Rs 20.06 billion for post-disaster recovery efforts in Himachal Pradesh, following destruction caused by recent floods and landslides. This funding supports comprehensive restoration of critical infrastructure, damaged homes, and affected livelihoods.The funds will be used to rebuild key infrastructure—such as roads, bridges, and public facilities—ensuring connectivity and essential services in remote areas. Additionally, damaged residential units will receive housing grants to assist displaced families in rebuilding.A portion of the funding is earmarked for restoring community assets, including schools, health centres, and water supply systems, aimed at stabilising public life and supporting economic recovery in affected regions.The sanctioned assistance reflects the central government’s commitment to swift and effective rehabilitation, complementing state efforts to provide relief and ensure long-term safety. Reconstruction work is expected to begin promptly, with an emphasis on resilience to reduce vulnerability to future natural calamities.

Next Story
Infrastructure Urban

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Next Story
Infrastructure Urban

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Next Story
Infrastructure Transport

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement