DU set to borrow for infrastructure expansion
Real Estate

DU set to borrow for infrastructure expansion

In addition to receiving approximately Rs 1.20 billion in central funds to implement the economically weaker section (EWS) quota, Delhi University will borrow approximately Rs 9.50 billion from the Higher Education Funding Agency (HEFA) for infrastructural expansion and other assets, including academic blocks in two areas, Roshanpura and Surajmal Vihar, the land for which has long been with DU.

The proposal passed in the building committee has been placed before the executive council meeting. According to the agenda document, “Under the EWS scheme, the university has been allotted Rs 1.20 billion for construction and creation of other infrastructure, whereas the cost of the four projects, as approved by the building committee, is much more than the sanctioned grant; as such it was necessary to prioritise the projects to be taken up under the EWS scheme.”

The finance committee then approved a loan proposal of Rs 10.45 billion from HEFA, and it was sent to the Union education ministry (MoE). The projects related to the EWS grant include the vertical extension of a multistorey science block, computer centre, stack halls at the central reference library and a new girls hostel.

Also Read
Ingka Centre to open city centres at Gurugram & Noida
Ports Minister inaugurates two STPs at Chennai Port


In addition to receiving approximately Rs 1.20 billion in central funds to implement the economically weaker section (EWS) quota, Delhi University will borrow approximately Rs 9.50 billion from the Higher Education Funding Agency (HEFA) for infrastructural expansion and other assets, including academic blocks in two areas, Roshanpura and Surajmal Vihar, the land for which has long been with DU. The proposal passed in the building committee has been placed before the executive council meeting. According to the agenda document, “Under the EWS scheme, the university has been allotted Rs 1.20 billion for construction and creation of other infrastructure, whereas the cost of the four projects, as approved by the building committee, is much more than the sanctioned grant; as such it was necessary to prioritise the projects to be taken up under the EWS scheme.” The finance committee then approved a loan proposal of Rs 10.45 billion from HEFA, and it was sent to the Union education ministry (MoE). The projects related to the EWS grant include the vertical extension of a multistorey science block, computer centre, stack halls at the central reference library and a new girls hostel. Also Read Ingka Centre to open city centres at Gurugram & NoidaPorts Minister inaugurates two STPs at Chennai Port

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code