Jaiprakash Associates defaults on 40590 million loans

Nitin Gadkari Inaugurates Rs 5.58 Bn Ratu Road Elevated Corridor

Union Minister Nitin Gadkari visited Jharkhand on Wednesday to inaugurate the 4.18 km Ratu Road Elevated Corridor in Ranchi, constructed at a cost of Rs 558 crore to ease traffic congestion. During his visit, he also laid the foundation stone and dedicated nine national highway projects collectively worth over Rs 3.8 billion.Earlier in the day, Gadkari reached Garhwa to inaugurate a bypass road developed for Rs 1.13 billion. He also laid the foundation stone for the 32-kilometre NH 43 four-lane highway stretching from the Chhattisgarh border to Gumla, with construction estimated at Rs 1.33 bil..

Final Forest Clearance Secured for Goregaon Mulund Link Road Tunnels

Over a year after receiving in-principle (Stage I) approval, the Union Ministry of Environment, Forest and Climate Change (MOEFCC) on Tuesday granted the final clearance for the diversion of 19.43 hectares of forest land at Sanjay Gandhi National Park (SGNP) to the Brihanmumbai Municipal Corporation (BMC).This crucial clearance paves the way for the construction of the twin tunnels forming part of the ambitious Goregaon Mulund Link Road (GMLR) project.Valued at nearly Rs 6.5 billion, the GMLR aims to reduce traffic congestion by connecting Goregaon in Mumbai’s western suburbs to Mulund in th..

Nagpur’s Rs 2.6 Billion Phase-IV Cement Road Project Faces Delays

Nagpur’s Rs 2.6 billion Phase-IV cement road project has missed yet another completion deadline, leading the Nagpur Municipal Corporation (NMC) to grant extensions to several defaulting contractors, according to a report by the Times of India.The public works department of the civic body extended the timelines for Packages 1, 2, and 4 to December 2025, more than a month after the original May deadline lapsed.This phase of the project aims to convert 33 key arterial tar roads, ranging from 9 to 24 metres in width, into durable cement roads. These roads are located across prominent zones inclu..