Government Clears PPP Redevelopment Of Ashok And Samrat Hotels

26 Feb 2026 CW Team

The central government has proposed the redevelopment of two brownfield hotels in New Delhi under the National Monetisation Pipeline 2.0, according to a NITI Aayog report. The private sector investment attributable to the projects will be counted towards monetisation proceeds. The combined investment has been set at Rs 12,000 million (mn), with Rs 8,200 mn earmarked for The Ashok and Rs 3,800 mn for Hotel Samrat.

The redevelopment for The Ashok is expected to be the larger programme and is planned to be awarded in the initial period of NMP 2.0, with an award targeted in Financial Year 2027. A similar project for Hotel Samrat is expected towards the end of the NMP 2.0 period, with an award target in Financial Year 2030. Both asset classes are proposed to be implemented using a direct contractual method, predominantly through public private partnership contracts.

Monetisation value is expected to take the form of development investment by the private sector under these contracts and has been recorded as direct investment by the central government. The contractual arrangements will define risk allocation between the public and private parties and will include contractual performance obligations and benchmarks. The structure is intended to mobilise private capital and management expertise while retaining a defined term of obligation.

Built in 1956, The Ashok is a deluxe property located in the Diplomatic Enclave of Chanakyapuri and is owned and operated by the India Tourism Development Corporation (ITDC). Hotel Samrat, also managed by ITDC, is situated in central New Delhi and the corporation is a central public sector undertaking under the Ministry of Tourism. Both properties are brownfield assets within the national capital and their redevelopment is expected to contribute to the monetisation targets set under NMP 2.0.

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..