Centre to provide Rs 150 Bn for Andhra Pradesh

25 Jul 2024 CW Team

Union Finance Minister Nirmala Sitharaman, while presenting the Budget for 2024-25 in the Lok Sabha on Tuesday, announced that the Central government would allocate Rs 150 billion in financial assistance for Andhra Pradesh. Andhra Pradesh Minister Nara Lokesh expressed appreciation on Tuesday for the Central government's budget proposals, specifically acknowledging the support provided for the completion of projects in Amaravati, the state's capital, and the Polavaram project, crucial for Andhra Pradesh.

Lokesh conveyed gratitude on behalf of the state's residents towards the NDA government for committing Rs 150 billion in the budget towards the reconstruction and development of Andhra Pradesh. Sitharaman emphasized the Central government's commitment to supporting the development of Amaravati, allocating Rs 150 billion for this purpose in the current fiscal year. She reiterated the government's dedication to funding and expediting the Polavaram Irrigation project, essential for the welfare of Andhra Pradesh and its agricultural sector.

The Finance Minister highlighted that the government has endeavored to fulfill the commitments outlined in the Andhra Pradesh Reorganisation Act, including the provision of financial assistance for infrastructure development such as water, power, railways, and roads to promote industrial growth. She affirmed that grants specified for backward regions of Rayalaseema, Prakasam North Coastal Andhra Pradesh, as mandated by the Act, would also be disbursed.

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..