Aviation Ministry, HP govt signs MoU for new airport at Nagchala

28 Apr 2022 CW Team

The Ministry of Civil Aviation and the Himachal Pradesh government recently signed a Memorandum of Understanding (MoU) for developing a greenfield airport at Nagchala in Mandi, Himachal Pradesh.

According to the Ministry, the new greenfield airport at Nagchala is being developed under its Greenfield Airport Policy. A joint venture (JV) agreement has been between the Himachal Pradesh government and the Airports Authority of India (AAI). The expected land requirement for the new airport is around 515 acres, with an estimated project cost of around Rs 900 crore, excluding the cost of land.

Jyotiraditya M Scindia, Civil Aviation Minister, said that the Ministry is committed to providing last-mile connectivity to the people of Himachal Pradesh. Concerning this, the Ministry is developing new aviation infrastructure and even upgrading the existing facilities in Himachal Pradesh, whether it is the development of a new greenfield airport in Mandi or more land acquisition for the extension of runways at the existing airports in the state.

He said that the Ministry is committed to developing civil aviation as a precursor to regional economic development.

There are three airports in Himachal Pradesh, including Kullu, Shimla and Kangra and five heliports, including Kangnidhar, Rampur, Shimla, Baddi, and SASE (Manali), that are developed or under development.

After completion, it would give a massive boost to the tourism industry in Himachal Pradesh.

At the MoU signing event, other officials were also present, including the CM of Himachal Pradesh, Jai Ram Thakur, and other senior officials from the Ministry of Civil Aviation, AAI and the Himachal Pradesh government.

Image Source

Also read: NHLML, Himachal Pradesh govt signs MoU for 7 ropeway projects

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..