HUDCO, MP Sign Rs 10 Trillion Pact for Urban Development

15 Jul 2025 CW Team

Housing and Urban Development Corporation (HUDCO) has signed a non-binding Memorandum of Understanding (MoU) with the Madhya Pradesh Urban Development Company Limited (MPUDCL) to extend financial support of up to Rs 10 trillion over the next five years for housing and infrastructure development across the state.

The MoU was formalised on 11 July 2025 in Indore, in the presence of Chief Minister Dr Mohan Yadav, Urban Development and Housing Minister Shri Kailash Vijayvargiya, HUDCO Chairman and Managing Director Shri Sanjay Kulshrestha, and other senior officials.

Beyond funding, HUDCO will provide consultancy services and conduct capacity-building programmes to ensure effective implementation of projects. The collaboration is aimed at accelerating integrated and sustainable urban growth, thereby contributing to Madhya Pradesh’s overall economic and social progress.

The announcement was also communicated to stock exchanges by Vikas Goyal, Company Secretary and Compliance Officer at HUDCO.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..