Karur Vysya Bank Reports 14% Loan Growth; South Indian Bank

Zaheerabad Node Gets Rs 24 Billion Boost Under HNIC

The Zaheerabad Industrial Area (ZIA) is set to be developed as a priority node under the Hyderabad–Nagpur Industrial Corridor (HNIC) at an estimated cost of Rs 23.6 billion.The Union government has approved its contribution via the National Industrial Corridor Development and Implementation Trust (NICDIT), comprising Rs 5.96 billion in equity and Rs 6.55 billion as debt, according to Union Minister of State for Commerce and Industry, Jitin Prasada. He was responding to a question raised by Member of Parliament Kadiyam Kavya.Located in the Sangareddy district, the HNIC node spans an activatio..

WABAG Wins Rs 233 Billion Saudi Desalination Project

Water treatment specialist VA Tech WABAG Ltd has received a Letter of Award for constructing a seawater desalination plant in Saudi Arabia, valued at USD 272 million (approximately Rs 23.32 billion), a company official confirmed on Thursday.The Chennai-based firm has secured the contract for a 300 MLD (million litres per day) mega desalination plant to be established by the Saudi Water Authority in Yanbu, on the west coast of the Kingdom of Saudi Arabia.In a press release, Rohan Mittal, Head of Strategy and Business Growth for the Gulf Cooperation Council at WABAG, stated, "We are immensely pr..

Rs 18 Billion River Link Plan to Tackle Water Woes

The state government has unveiled an ambitious intra-state river linking programme to address persistent challenges in water management, such as flooding, water scarcity, and agricultural demand.Scheduled for phased implementation from 2025–26 to 2029–30, the initiative carries an estimated cost of Rs 18 billion. Led by the Department of Water Resources, the project aims to improve irrigation, mitigate flood risks, and ensure reliable access to drinking water across the state.According to sources, six key projects are planned to connect water-surplus river basins with deficit regions. Thes..