Punjab Minister Directs Adherence to Norms In Infra Projects

25 Jan 2025 CW Team

Punjab Public Works Minister Harbhajan Singh ETO has directed PWD officers to strictly follow norms during bidding processes and maintain the highest quality standards in executing infrastructure projects. He also levied stressed the urgency of expediting state revenue collection from access fees on commercial establishments such as petrol pumps along roads and ensuring proper record-keeping.

The directives were issued during a high-level meeting chaired by the minister to review the progress of major infrastructure projects and outline strategies for future development. The meeting was attended by Secretary PWD Ravi Bhagat, along with Chief Engineers and Superintending Engineers of PWD B&R.

During the meeting, the minister reviewed achievements against budgetary allocations and the actual execution of work at project sites. He urged officers to expedite the completion of ongoing projects, meet all physical and financial targets, and adhere to timelines without compromising quality.

The PWD team reported that 22 state roads, spanning a total of 745 km, are being upgraded under long-term maintenance contracts worth Rs 5.32 billion. Key roads under development include Bhawanigarh-Mehlan Chowk, Patran-Moonak, Gharaun-Ambala, Zira-Ferozepur, Old Morinda Road, Mukerian-Talwara-Mubarikpur, and Dakha-Halwara-Raikot-Barnala. These upgrades aim to enhance road infrastructure and improve transportation across the state.

Additionally, funds for Link road projects are expected to be disbursed soon by the Punjab Mandi Board, with work on these roads set to begin shortly.Minister Harbhajan Singh ETO reaffirmed the Punjab Government's commitment, under Chief Minister Bhagwant Mann's leadership, to improving state infrastructure with a focus on quality, efficiency, and timely completion of all projects.

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..