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Mazagon Dock Shipbuilders marks 250-year milestone
Mazagon Dock Shipbuilders (MDL) celebrated the completion of 250 years. It started as a small dry dock in 1774 and was incorporated in 1934. Since 1960, it has been under the stewardship of the Government of India.
To commemorate this significant milestone, MDL organized a series of events. These included the inauguration of land acquired from the Mumbai Port Authority (MPA), the unveiling of a prototype of the indigenous midget submarine ?Arowana?, the commissioning of a Solar Electric Hybrid boat, the release of MDL?s Commemorative Coin marking the 250 years, and the hosting of a day..
NHAI secures 164 insurance bonds for road projects
The National Highways Authority of India, as stated by the ministry of road transport and highways, announced that it had received 164 insurance surety bonds (ISB) so far. These bonds comprised 20 for performance security and 144 for bid securities.
According to a statement issued after a day-long workshop on the implementation of insurance surety bonds (ISB) for NHAI contracts, NHAI stated, "Around 700 insurance surety bonds valued at around Rs 30 billion have been issued by different insurance companies so far."
The workshop aimed to assess the progress made in implementing I..
Piramal Funds Hyderabad Villa Project
Piramal Capital & Housing Finance has committed a substantial investment of nearly ?3 billion towards the ambitious villa development project spearheaded by Cybercity Builders & Developers in Hyderabad.
Cybercity Developers, in a strategic move, acquired land from Phoenix Group, a notable real estate entity. Notably, one of Phoenix Group's subsidiaries had previously procured the land from Gulf Oil India, a prominent company under the Hinduja Group umbrella.
The investment from Piramal Capital not only underscores confidence in Cybercity's project but also reflects the growing a..
DLF Launches Luxury Project in Gurugram
DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.
The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..
Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects
Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.
The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..
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