ADB Approves $125 Million Loan for Upgrading Madhya Pradesh Highways

08 Dec 2023 CW Team

In a notable development, the Asian Development Bank (ADB) has given the nod to a $125 million loan aimed at the comprehensive upgrade of highways in Madhya Pradesh. This financial infusion is set to play a pivotal role in modernizing the state's road network, fostering improved connectivity, and stimulating economic growth.

The loan from ADB will be instrumental in implementing crucial upgrades and enhancements to the highways in Madhya Pradesh, contributing to the overall development of transportation infrastructure in the region. The initiative aligns with the broader vision of bolstering connectivity, reducing travel times, and enhancing the efficiency of the transportation network.

As Madhya Pradesh gears up for a transformative change in its highways landscape, the ADB-backed project signifies a collaborative effort towards sustainable development and economic progress. The financial support is expected to catalyze positive outcomes, benefiting both the local populace and businesses by creating a more robust and efficient transportation framework.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..