IDA approves Rs 2 B development projects in Indore

29 Aug 2023 CW Team

The Indore Development Authority (IDA) has sanctioned Rs 2 billion for development projects within IDA's TPS Schemes. This decision was made during a recent board meeting. Notably, tenders worth Rs 13.72 billion were approved, focusing primarily on road infrastructure and internal development aligned with the master plan of the TPS schemes. Additional allocations include Rs 60 million for electrification and Rs 50 million for beautification in Scheme No 155.

Moreover, Rs 2.6 million were allocated for garden development at Swami Vivekananda Higher Secondary School. In a bid to enhance amenities, a consultant-cum-transaction consultant was appointed to formulate a proposal for constructing a convention centre with a seating capacity of 10,000 in Scheme No 172.

Deva Swimming Institute Gurugram was chosen to oversee the operation, maintenance, and management of the under-construction international swimming pool in scheme number 94 Sector-F.

The board also decided to seek permission from the principal secretary to allocate a portion of the authority's actual income for various initiatives, including Corporate Social Responsibility (CSR) activities.

Furthermore, in accordance with the MP Town and Country Investment (Amendment) Act 2019, guidance will be sought from the government regarding the status of Scheme Number 171.

Regarding urban planning, the board resolved to secure necessary government permission, following the Madhya Pradesh Town and Village Investment Act (Amendment) 2019, for approving a mixed-use site for a high-rise building standing 90.00 meters tall at Startup Park in Sector-D of the Super Corridor.

Additionally, the board decided to enhance the contribution amount given to Ganeshotsav committees of closed textile mills to support the construction of Jhankis for the Ganesh immersion procession.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..