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Newsmakers
ECONOMY & POLICY

Newsmakers

First Indian Iabse President
Dr. Harshavardhan Subbarao has been elected as the President of the International Association for Bridge and Structural Engineering (IABSE) for the 2025-2028 term. He is the first Indian to hold this prestigious position. With over 20 years of active involvement in IABSE, Dr. Subbarao has contributed significantly, serving as Vice President, Executive Committee member, and Chair of several committees, including the Outstanding Paper Award Committee (OPAC). As Chairman of Construma Consultancy Pvt. Ltd. (CCPL), he brings over 38 years of expertise in bridge and structural engineering. Dr. Subbarao is dedicated to promoting global collaboration and innovation in the field.

Strategic Diversification 
Sajjan Jindal, Chairman and Managing Director, JSW Group, leads the firm which has secured contract for two copper blocks in Jharkhand from Hindustan Copper Limited (HCL), marking its entry into non-ferrous mining with a planned investment of Rs 26 billion (bn). The project includes mine operationalisation, a copper concentrator plant, and an ore capacity of 3 MTPA. In parallel, JSW has committed Rs 300 bn for FY25-FY30 to expand JSW Infrastructure's cargo capacity to 400 MTPA. Additionally, recent Rs 3 trillion MoU with Maharashtra aims to bolster investments in steel, renewable energy, EVs, and cement. The recent investment showcases strategic diversification to meet demand for essential metals across high-growth sectors.

Building Connectivity  
Devendra Jain, CEO & Managing Director, Dilip Buildcon, leads the company which has constructed Gorakhpur Link Expressway at a cost of Rs 12.50 billion (bn). Spanning 91.35 km, the expressway connects Jaitpur in Gorakhpur to Salarpur in Azamgarh, linking with the Purvanchal Expressway. With 98 per cent work completed, the expressway to reduce Gorakhpur-Lucknow travel time to 3.5 hours. Boasting a four-lane expandable design, it features seven flyovers, 50 underpasses, and industrial corridors to drive regional commerce. Dilip Buildcon’s net order book stood at Rs 173.55 bn, the firm has completed major projects including Nagpur-Mumbai Super Communication Expressway, Bhopal metro and Ahmedabad metro.

First Indian Iabse PresidentDr. Harshavardhan Subbarao has been elected as the President of the International Association for Bridge and Structural Engineering (IABSE) for the 2025-2028 term. He is the first Indian to hold this prestigious position. With over 20 years of active involvement in IABSE, Dr. Subbarao has contributed significantly, serving as Vice President, Executive Committee member, and Chair of several committees, including the Outstanding Paper Award Committee (OPAC). As Chairman of Construma Consultancy Pvt. Ltd. (CCPL), he brings over 38 years of expertise in bridge and structural engineering. Dr. Subbarao is dedicated to promoting global collaboration and innovation in the field.Strategic Diversification Sajjan Jindal, Chairman and Managing Director, JSW Group, leads the firm which has secured contract for two copper blocks in Jharkhand from Hindustan Copper Limited (HCL), marking its entry into non-ferrous mining with a planned investment of Rs 26 billion (bn). The project includes mine operationalisation, a copper concentrator plant, and an ore capacity of 3 MTPA. In parallel, JSW has committed Rs 300 bn for FY25-FY30 to expand JSW Infrastructure's cargo capacity to 400 MTPA. Additionally, recent Rs 3 trillion MoU with Maharashtra aims to bolster investments in steel, renewable energy, EVs, and cement. The recent investment showcases strategic diversification to meet demand for essential metals across high-growth sectors.Building Connectivity  Devendra Jain, CEO & Managing Director, Dilip Buildcon, leads the company which has constructed Gorakhpur Link Expressway at a cost of Rs 12.50 billion (bn). Spanning 91.35 km, the expressway connects Jaitpur in Gorakhpur to Salarpur in Azamgarh, linking with the Purvanchal Expressway. With 98 per cent work completed, the expressway to reduce Gorakhpur-Lucknow travel time to 3.5 hours. Boasting a four-lane expandable design, it features seven flyovers, 50 underpasses, and industrial corridors to drive regional commerce. Dilip Buildcon’s net order book stood at Rs 173.55 bn, the firm has completed major projects including Nagpur-Mumbai Super Communication Expressway, Bhopal metro and Ahmedabad metro.

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Infrastructure Transport

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

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Infrastructure Urban

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

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Infrastructure Urban

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..

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