Bank of Baroda inks Rs 2k cr loan pact with SRDC to repair roads in AP

07 Dec 2021 CW Team

Bank of Baroda (BOB) has partnered with the State Roads Development Corporation (SRDC) for a Rs 2,000 crore loan to expedite road repairing process in Andhra Pradesh.

Representatives of RDC and Bank of Baroda inked the loan deal on Monday. With these funds, RDC will facilitate road rehabilitation works in the state. The RDC has begun the tender process for the rehabilitation of 1,147 roads.

In the first phase, proposals were achieved for 328 works for Rs 604 crore. Proposals were recently invited for the development of 819 roads for Rs 1,601 crore in the second phase. With the recent signing of a Rs 2,000 crore loan deal with the Bank of Baroda for road restoration, the contractors were happy.

It is because RDC will put the loan amount in a separate account. Bill payments will be made right from that account to the contractors who have achieved the road works. As a result, work on the first phase tenders will now be facilitated, and more contractors are planning to take part in the second phase bids.

The Roads and Buildings are gearing up to begin work in the first week of December and achieve it by May 2022, as ordered by Chief Minister YS Jagan Mohan Reddy.

Image Source

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..