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With an aim to boost development of roads and highways, the government has invited lowest bids for raw materials. The tender will be open to both private and public sector companies. A total of six companies have submitted their quotes of Rs 160 per bag of 50 kg - the price of which is half the market price of Rs 300-350.
Contract value: Rs 230 crore
Particulars: Civil and electrical works
OM Metals Infraprojects has received a contract in JV with SPML Infra from Sardar Sarovar Narmada Nigam. The order is for designing, engineering, manufacturing, supplying and commissioning all civil, mechanical and electrical works on the Kutchh branch canal in Gujarat.
Living up to the expectations of its iconic Indian brand, Tata Housing Development Company is one of the country's leading real-estate developers with a turnover of Rs 315.35 crore (FY 2009-10).
Singapore-based GIC and Bengaluru based Brigade group have signed a memorandum of understanding (MoU) to invest in real estate-residential developments in the country.
Housing Development and Infrastructure (HDIL) is aiming to sell a total of 15-20 mn sq ft of floor space index including land and development rights from its land bank in Vasai-Virar region on the outskirts of Mumbai in the next 15-18 months.
Despite the infrastructure 'boom', the industry has failed to adhere to the momentum expected from it in terms of project execution. Janaki Krishnamoorthi delves into the reasons behind this and discovers that corruption, lack of transparency and rigidity must be eradicated for India to live up to its potential.
Karnataka Industries Area Development Board (KIADB) has acquired 4865.64 acre for ArcelorMittal in Kuduthini and Hargindoni villages of Bellary district.
The Cabinet Committee on Economic Affairs (CCEA) gave its nod to set up a Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) in Paradeep.
The Gujarat state cabinet has decided to set up a special purpose vehicle (SPV) for the Dholera international airport. The SPV will be named as Dholera International Airport Company Limited (DIACL).
The Asian Development Bank (ADB) will provide Rs 1,500 crore loan to Chhattisgarh for developing road infrastructure in the state. Under the project, the state plans to develop 1,500 km of roads.
