Union Minister for Road Transport, Highways and MSMEs Shri Nitin Gadkari inaugurated and laid the foundation stones for 16 National Highways projects with a total length of 1,411 kms worth Rs 155.92 billion in Andhra Pradesh on 16 October 2020. The event was presided by the Chief Minister Shri Y S Jagan Mohan Reddy.
Placebo Fabtech received the order from “Gayatri Projects” for Composite plate girders @Ch.511+121.42 for the project “Construction of Access Controlled Nagpur-Mumbai Super Communication Expressway (Maharashtra Samruddhi Mahamarg)” in the State of Maharashtra for Package 11, From km 502.698 to km 532.094) in Section Village Dhotre to Village Korhale in District Ahmadnagar, Maharashtra. The total order value stands at Rs 43.07 million.
The Government of Singapore Investment Corporation is in the final round of talks with ESR to invest in their second India focused logistics funds. ESR Cayman is a logistics real estate platform backed by a private equity firm Warburg Pincus. GIC is expected to invest approximately Rs 7.50 billion out of the targeted corpus of Rs 22.50 billion, as reported earlier.