As reported, the Union Housing and Urban Affairs Minister, Hardeep Singh Puri recently signed Memorandums of Agreements (MoAs) for Light House Projects (LHPs) with six states: Gujarat, Jharkhand, Madhya Pradesh, Tamil Nadu, Tripura and Uttar Pradesh.
The construction arm of L&T has secured orders from numerous clients across various Indian states for its varied businesses. As per the company’s project classifications, the contracts fall in the ‘significant’ category which values between Rs 10 billion to Rs 25 billion.
As reported, the government in a statement announced that construction of about 1.23 lakh houses was approved as a part of the Pradhan Mantri Awas Yojana-Urban (PMAY-U) . This brought the total number of houses permitted under the scheme to more than 90 lakh.
As reported, nine road stretches of around 566 km running through Uttar Pradesh, Jharkhand, Bihar and Tamil Nadu that were put up for auctioning under the toll-operate-transfer (TOT) model by the National Highways Authority of India (NHAI), are expected to receive bids from Adani Enterprises, Cube Highways and Infrastructure, Canada Pension Plan Investment Board (CPPIB) and IRB Infrastructure.
Prime Minister Narendra Modi recently inaugurated the multi modal terminal on Ganga at Sahibganj in Jharkhand
The Federation of Indian Mineral Industries (FIMI) has reached out to Prime Minister Narendra Modi to seek intervention in order to bring about reforms that will increase and expedite growth in the mining sector. This could potentially create job opportunities for around 50 million individuals.
The governments of three states, namely Uttar Pradesh, Tamil Nadu and Bihar have asked the Centre to speed up the approval of new and old projects that have been dormant in terms of construction due to their proximity to heritage sites and structures.
With a floor price of 49.95 billion, the recent proposal consists of nine highway stretches that run through the states of Uttar Pradesh, Bihar, Jharkhand and Tamil Nadu covering a total distance of approximately 566 km.
About 19 states having a fully operational real-estate regulatory authority
It estimates state-level spend on roads to increase at CAGR of 22 per cent
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