Centre sanctions Rs 110 billion for road development in Chhattisgarh

01 Oct 2024 CW Team

The Union government has approved Rs 110 billion to enhance road connectivity in Chhattisgarh, according to a statement from the state government. The approval came from Union Minister for Road Transport and Highways, Nitin Gadkari, during a review meeting with Chhattisgarh Chief Minister Vishnu Deo Sai in New Delhi.

The funding will be used to develop four major national highways, which are expected to transform the state’s transport infrastructure and boost industrial growth. In addition, Gadkari has greenlit the preparation of Detailed Project Reports (DPRs) for other potential projects in the state.

The four major projects discussed include the Urga-Katghora bypass (NH-149B), the Basna to Sarangarh (Manikpur) feeder route, the Sarangarh to Raigarh feeder route, and the Raipur-Lakhanadon economic corridor, spanning a total length of 236.1 km. A sum of Rs 92.08 billion has been allocated for these projects. Furthermore, eight projects worth Rs 9.08 billion were sanctioned under the Central Road Fund.

An additional Rs 12 billion was approved for the development of various other road networks, including the four-lane widening of Keshkal Ghat in Kondagaon district and the Dhamtari-Jagdalpur road.

During the meeting, Gadkari urged the state’s Forest Department to expedite clearances and resolve pending issues, stressing the importance of completing all ongoing and proposed projects on schedule. He also emphasised the need to accelerate work on the Raipur-Visakhapatnam road and the Bilaspur-Urga-Pathalgaon road under the NHAI.

Chief Minister Sai noted that the initiative would significantly enhance Chhattisgarh’s industrial and business activities, providing a fresh impetus to economic growth in the region. (ET)

Equipment

12 May 2026

ICEMA Reports Resilient CE Industry Amid Export Surge

India’s construction equipment (CE) industry reported a marginal decline of around 2 per cent in total equipment sales during FY2025–26, with overall sales falling to 136,995 units from 140,191 units in FY25. However, exports registered strong growth of 31.5 per cent, reinforcing India’s position as the world’s third-largest construction equipment market.According to ICEMA, domestic demand declined by around 7 per cent across most equipment categories due to slower infrastructure execution, project delays, land acquisition challenges and slower disbursement cycles. ICEMA said the secto..

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..