Government spent Rs 238 cr on the new parliament building

30 Jul 2021 CW Team

The government has spent Rs 238 crore on a new Parliament building and Rs 63 crore on the Centre Vista Avenue construction, cites Lok Sabha.

Minister of State for Housing and Urban Affairs Kaushal Kishore informed the media that works on a new parliament building, estimated to cost Rs 971 crore, is underway and will be finished by October 2022.

He also informed that the redevelopment of Central Vista Avenue, which runs from Rashtrapati Bhavan to India Gate, will cost Rs 608 crore and take until November to complete.

The anticipated costs for these two projects for fiscal year 2022 are Rs 1,289 crore.

In response to another query, the minister clarified that the details of rental premises or area-wise hired by various establishments of the government, as well as the expense incurred on those private rental premises since the beginning of the lease agreement, are not kept centrally.

The government had previously stated that the current Central Vista redevelopment project, which includes the construction of ten new Secretariat buildings, will save the government Rs 1,000 crore in rent.

A new triangular parliament building, a common central secretariat, a 3 km long Rajpath from Rashtrapati Bhavan to India Gate, a new prime minister house and the Prime Minister Office (PMO), and a new Vice President Enclave are all part of the Central Vista reconstruction project.

Image Source

Also read: Central Vista project to continue amid second wave of Covid-19

Also read: Central Vista redevelopment: Govt to develop defence enclave

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..