India govt, ADB tie-up to upgrade state highways in Bihar

31 Jul 2023 CW Team

The Indian Government and the Asian Development Bank (ADB) signed an agreement for a $295-million loan to upgrade around 265 km of state highways with climate and disaster resilient design and road safety elements in Bihar, the Ministry of Finance said.

The signatories to the agreement for enhancing connectivity and sustainability in Bihar Roads Project were Vumlunmang Vualnam, additional secretary, department of economic affairs, who signed on behalf of the Indian government, and Takeo Konishi, country director for ADB in India, who signed for ADB.

The project supports the Bihar government’s programme to upgrade all state highways to standard two-lane widths and improve road safety. The improved roads will enhance connectivity in some of Bihar's poorest rural districts and promote access to health and education facilities, and markets to improve people’s lives.

“Besides upgrading roads, the ADB project builds on earlier efforts to enhance the state road agency’s management and implementation capacity, and will strengthen the systems for planning, road safety, and sustainability,” said Konishi.

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..