World’s second tallest statue at Hyderabad at Rs 1,000 crore

16 Dec 2016 Editorial Team

Hyderabad will soon site the world’s second tallest statue, the first one being the Buddha statue in Thailand. The saint Ramanuja’s panchaloha statue at Hyderabad will be built with an investment of Rs 1,000 crore.

The 216-ft statue in a seated posture is almost seeing completion of the financial closure for Rs 250 crore to be spent in the first phase. Further, the shipment of the giant statue of 700 tonne has already commenced in parts from China and the construction of the platform is under way, according to reports.

China-based Aerosun Corporation has been given the contract of the statue and a team of 60 professionals will commence assembling it at project site in Munchintal village near Shamshabad international airport. Apart from the statue, the project also includes 108 Vaishnava divya kshetras in the 34-acre around the statue. The project is on the look to enlist best known sculptors from across the country. A Chinese colour fountain with a revolving mini statute of Ramanujacharya, a golden deity of him weighting 120 kg to symbolise 120 years of his life and achievements are other specialites in the project, which is expected to open to public by November 2017.

Infrastructure Urban

23 Oct 2025

PM GatiShakti Reviews Major Road, Rail and Metro Plans

The Network Planning Group (NPG) under the PM GatiShakti initiative has evaluated multiple infrastructure projects spanning road, rail, and metro systems. The review covered two highway projects by the Ministry of Road Transport and Highways (MoRTH), two railway proposals by the Ministry of Railways, and one metro project under the Ministry of Housing and Urban Affairs (MoHUA). According to the Ministry of Commerce and Industry, the projects were assessed for alignment with PM GatiShakti’s principles of integrated multimodal connectivity, last-mile linkage to economic and social hubs, and t..

MahaRERA Fast-Tracks 809 Project Approvals Ahead of Diwali

As Diwali 2025 approaches, the Maharashtra Real Estate Regulatory Authority (MahaRERA) is expediting approvals for new housing projects to ensure compliance with legal, technical, and financial standards before launch. The festive season, especially Dussehra and Diwali, traditionally marks a peak period for real estate launches as developers seek to capitalise on auspicious timings and heightened buyer sentiment. This year, MahaRERA has taken a proactive approach to facilitate timely project approvals ahead of the celebrations. A total of 809 project applications were approved recently, cover..

HFCL Bags Rs 2.8 Billion Export Order for Fibre Cables

Telecom equipment manufacturer HFCL has secured an export order worth USD 32.02 million (around Rs 2.8 billion) for the supply of optical fibre cables to an international client. In a regulatory filing, the company stated that the order was received through its wholly owned overseas subsidiary and is scheduled for execution by December 2026. The contract entails the supply of optical fibre cables customised to the client’s specifications, underscoring HFCL’s strong manufacturing expertise and technological capability in the global telecom infrastructure space. This order further strengt..