Gadkari Sanctions Rs 11.70 billion for Road Development in Ladakh

02 Jan 2024 CW Team

Union Minister Nitin Gadkari has granted approval for a noteworthy allocation of Rs 11.70 billion dedicated to road development projects in Ladakh. This substantial investment is poised to improve and expand the road infrastructure in the region, providing a vital link for strategic and socio-economic development in Ladakh.

The allocation underlines the government's commitment to bolstering connectivity and accessibility in Ladakh, a region of strategic importance. The infusion of Rs 11.70 billion is expected to catalyse the construction and upgradation of roads, fostering economic growth, tourism, and overall development in Ladakh.

Nitin Gadkari's approval aligns with the broader national agenda of strengthening infrastructure in border areas, ensuring their socio-economic integration and strategic significance. The substantial financial outlay reflects the government's determination to enhance the connectivity and resilience of road networks in challenging terrains like Ladakh.

As Ladakh navigates its unique geographical and strategic considerations, the sanctioned funds become a key enabler for transformative changes in the region's road infrastructure. The allocation not only addresses immediate connectivity needs but also contributes to the long-term development and prosperity of Ladakh, reinforcing the government's commitment to comprehensive and inclusive infrastructure growth.

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..