The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a USD145-million loan to India to improve irrigation service delivery and strengthen flood risk management in West Bengal. Earlier this month, AIIB President Jin Liqun also approved a USD 65-million 250-megawatt (MW) solar power project in Jodhpur.
JSW Cement is at present aiming to grow its cement manufacturing capacity to 25 MTPA by 2023. Its current capacity is 14 MTPA. One of the key enablers of its targeted 25 MTPA capacity growth are various projects being undertaken at its subsidiary, Shiva Cement, in Odisha. Upon achieving this capacity target, JSW Cement will rank among top 5 cement companies in India
ITD Cementation India, a construction major in India, recently announced through its BSE filing that the company bagged five contracts estimated to be worth over Rs 34 billion, for major infrastructure projects in the country.
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.
The National Highways Authority of India (NHAI), in a bid to revive public-private partnership (PPP) for its projects, will offer about 950 km of road stretches that are estimated to be worth Rs 300 billion on its Build-Operate-Transfer (BOT) model.