NBCC to redevelop housing project for MEA

19 Feb 2024 CW Team

State-owned NBCC has bagged a Rs 262 crore project to redevelop Ministry of External Affairs Housing in Delhi. In a statement, NBCC said the "Bhoomi Poojan Ceremony" for the redevelopment of Ministry of External Affairs Housing at KG Marg took place on February 14, 2024.

Y K Sailas Thangal, Joint Secretary in MEA; Nidhi Anand, Senior Architect, MEA and K P Mahadevaswamy, CMD, NBCC, among others attended the event.

"With a project value of approximately Rs 261.70 crore, NBCC has been entrusted with the execution of this transformative endeavour. The scope of work includes construction of 54 Type-VI Quarters, 18 Type-IV Quarters, and 18 Transit Quarters," NBCC said.

This initiative reaffirms the commitment of both MEA and NBCC to enhance infrastructure and create conducive living environment for its residents.

NBCC is into Project Management Consultancy (PMC) and real estate business.

Infrastructure Urban

19 Sep 2025

LTTS Joins MIT Media Lab To Drive AI And Sustainable Tech

L&T Technology Services, a global provider of AI, digital and engineering consulting services, has announced a multi-year membership agreement with the MIT Media Lab, one of the world’s leading research institutions.As a consortium Lab Member, LTTS will collaborate on next-generation artificial intelligence (AI) developments, highlighting its commitment to advancing transformational innovation in mobility, sustainability and technology.Under the agreement, LTTS will participate in active exchanges of knowledge with the Media Lab’s cross-disciplinary ecosystem of researchers, innovators..

Maharashtra Approves Rs 9.31 Bn for Bhandara–Gadchiroli Expressway

The Maharashtra cabinet, chaired by Chief Minister Devendra Fadnavis, has approved the revised design and funding of Rs 9.31 billion for the Bhandara–Gadchiroli controlled access expressway, a project expected to enhance connectivity across Vidarbha.The 94.2 km expressway, to be implemented by the Maharashtra State Road Development Corporation (MSRDC), will cut the Bhandara–Gadchiroli distance by 23 km and reduce travel time to 1.5 hours. Of the sanctioned funds, Rs 5.34 billion has been earmarked for project work and Rs 3.96 billion for interest, with land acquisition to begin shortly.The..

Waaree Energies to Offload 14.66% Stake in Indosolar via OFS

Waaree Energies, promoter of Indosolar, will sell up to 61 lakh equity shares, representing 14.66 per cent of Indosolar’s paid-up capital, through an Offer for Sale (OFS) on stock exchanges. The move is aimed at meeting SEBI’s minimum public shareholding (MPS) norms.The OFS will open for non-retail investors on September 18 (T-day), followed by retail investors on September 19 (T+1 day), through a dedicated trading window. Each share carries a face value of Rs 10.Antique Stock Broking has been appointed as the seller’s broker to manage the transaction, ensuring compliance and transparenc..