Centre approves over Rs 174 crore for NH Project in Odisha

18 Jan 2023 CW Team

The Central government has approved Rs 174.21 crore for expansion and two-laning of National Highway 53 going through Angul district of Odisha.

Union Minister of Road Transport and Highways Nitin Gadkari, in a tweet, said a project has been approved for widening and strengthening of existing SL, IL & DL to 2-lane with a paved shoulder in the selected stretches including 3 bypasses at Rengali, Bajrakot and Takua in Angul on NH 53 with a budget of Rs 174.21 crore.

“Since this highway connects the major industrial and mining corridors with Paradeep port, widening and strengthening of the selected missing stretches and construction of bypasses will enable speed mobility to ensure more safety for road users,” he said.

Besides, the stretch will facilitate the smooth movement of heavy vehicles and boost the socio-economic development in this industrial corridor, which consists of large companies including Coal India, NTPC, Jindal Steel, the minister added.

Union Education Minister Dharmendra Pradhan has thanked Prime Minister Narendra Modi and Gadkari for the project. It would not only ensure smooth vehicular movement on Sambalpur-Angul route, but also boost economic development of the region, he said.

Also Read
Gujarat govt declares new policy for unauthorised construction
Rama Steel Tubes signs MoU for a steel processing facility with UP gov

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..