1.SAFE BLASTING

Safe Green Mining Technology has launched Autostem Rock Breaking Cartridge, the world’s first non-detonating, self-stemming blasting product designed for all types of blasting applications.

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2.NIAL to seek foreign investemnts for Jewar airport project

The Noida International Airport (NIAL) will be seeking help from foreign embassies to rope in investors for the Jewar airport project.

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3.I strongly recommend modification in the qualification criteria

AAI is an adequately funded body. It is prompt in making payments to contractors on the submission of running bills.

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4.AAI decides to expedite construction work for the Dholera greenfield airport

Work on the new Greenfield Dholera International Airport (DIAC) is set to begin soon

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5.Rs.336 bn infra boost for Mumbai

The Cabinet Committee on Economic Affairs has approved Phase-III-A of the Mumbai Urban Transport project worth Rs 336.90 bn.

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6.Green signal for suburban rail projects in Delhi, Mumbai

The Cabinet has reportedly approved proposals to augment suburban rail networks in Delhi and Mumbai

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7.Rs.30 bn approved for Kulpi Port project

The West Bengal Government has given its approval to revive the Kulpi Port project for an estimated Rs 30 bn.

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8.CCEA approves Rs 336.9 bn for Phase 3 of Mumbai Urban Transport Project

The recently approved project is expected to be completed on the coming five years

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9.MUTP receives Rs.5.79 bn from Indian Railways

The Indian Railways has reportedly allotted funds for improving the suburban rail system and its expansion in Mumbai, for which it has sanctioned Rs 5.79 bn for various phases of the Mumbai Urban Transport Project (MUTP), including the ongoing projects.

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10.SMART BIDDER

GMR has, under the leadership of its Chairman-Airports GBS Raju, won the bid to construct the greenfield Bhogapuram International Airport project in Andhra Pradesh. GMR Airports has successfully won the bid by offering a fee of Rs 303 per passenger as share of revenue to the government, beating Doit Smart Infrastructure India and GVK, that offered Rs 261 and Rs 207 per passenger, respectively. GMR Airports will reportedly be involved in the designing, building, financing, construction, development, upgradation, modernisation, and operation and maintenance of the airport for a period of 40 years. With GMR having bagged this project under the strategic vision of Raju, Phase-1 of the airport is expected to be built at Rs 23 billion and have a capacity of 6 million per annum on completion. Apart from being among the largest private airport companies in India, GMR Group is also the only Indian airport developer to have developed and operated airports outside the country. And, the Bhogapuram airport is yet another jewel in Raju’s crown!

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