Nitin Gadkari sells stake in foreign company JV for tunnel construction

04 Sep 2024 CW Team

Union Minister Nitin Gadkari has divested his stake in a foreign joint venture involved in tunnel construction. This move marks a significant shift in his investment portfolio and highlights changes in the infrastructure sector.

The joint venture, which focuses on tunnel construction projects, has been a key player in several high-profile infrastructure developments. Gadkari's decision to sell his stake is seen as a strategic move, potentially impacting future collaborations and investments in the sector.

Gadkari has been a prominent figure in India's infrastructure development, and his financial decisions often draw considerable attention. The sale of his stake is expected to be closely monitored by industry experts and stakeholders, as it could influence ongoing and upcoming projects.

The transaction underscores ongoing developments in the infrastructure industry and reflects broader trends in investment strategies within the sector.

Infrastructure Urban

07 Jul 2026

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..

Air India and SIAEC to Explore MRO Joint Venture in India

Air India and SIA Engineering Company (SIAEC) have signed a memorandum of understanding (MoU) to explore the formation of a maintenance, repair and overhaul joint venture in India. The MoU, signed on Friday, will examine collaboration to develop India as a global aviation MRO hub and to serve growing needs across the Indian and regional markets. SIA Engineering Company, part of the Singapore Airlines Group which holds a 25.1 per cent stake in Air India, will bring technical expertise alongside Air India's established airline operations network. The partnership builds on existing cooperation be..

Assam and Centre Review Aviation Projects Push Silchar Airport Approval

Assam and the Centre on Thursday, July two reviewed a series of aviation infrastructure projects aimed at strengthening air connectivity across the state, with the proposed greenfield airport at Silchar emerging as a key priority. The review formed part of broader efforts to position Assam as a major aviation and logistics hub for the north east. Officials outlined timelines and preparatory work that they said would guide the next stages of project approvals. The Chief Minister met the Union Civil Aviation Minister at Rajiv Gandhi Bhavan in New Delhi and described the meeting as very productiv..