Centre Identifies Zaheerabad as Key Node in Hyderabad-Nagpur Corridor

26 Jul 2025 CW Team

The Union government has designated Zaheerabad Industrial Area (ZIA) in Sangareddy district as a priority node under the Hyderabad-Nagpur Industrial Corridor (HNIC), as part of the National Industrial Corridor Development Programme (NICDP), Union Minister of State for Commerce and Industry Jitin Prasada informed Lok Sabha.

In a written reply to Congress MP Kadiyam Kavya, the minister said the Zaheerabad project covers 3,245 acre and involves a total investment of Rs 23.60 billion. The Centre’s contribution includes Rs 5.96 billion in equity and Rs 6.55 billion in debt through the National Industrial Corridor Development and Implementation Trust (NICDIT).

A Special Purpose Vehicle (SPV), NICDIT Zaheerabad Industrial Smart City, has been formed to implement the project. Tendering for selecting a Project Management Consultant (PMC) is currently underway.

In a separate intervention in Lok Sabha, Congress MP Chamala Kiran Kumar Reddy urged the Centre to accelerate approval for the Hyderabad Metro Rail Phase-II project. Highlighting the city’s growing traffic issues, he stressed the urgency of expanding the metro network to keep pace with urban development.

The proposed Phase-II spans 76.4 km across five corridors with an estimated cost of Rs 242.69 billion. The joint venture plan includes funding from the Centre (Rs 42.30 billion), Telangana government (Rs 73.13 billion), debt (Rs 116.93 billion), and PPP mode (Rs 10.33 billion).

Reddy pointed out that similar JV models have been approved for cities like Agra, Indore, and Kochi, and questioned the delay in Hyderabad’s case.

News source: The New Indian Express

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..