Khurda Road-Balangir Line Gets Rs 19.38 Billion Allocation

02 Apr 2026 CW Team

The minister informed the Rajya Sabha that an outlay of Rs 19.38 billion (Rs 19.38 bn) has been provided for the 301 km Khurda Road-Balangir railway line in 2025-26. He said the latest cost of the project has reached Rs 50.89 billion (Rs 50.89 bn), of which Rs 43.11 billion (Rs 43.11 bn) had been incurred up to March 2025. Of the three components of the project, two have been commissioned while work on the remaining part has been undertaken.

He said 106 km Khurda Road-Daspalla and 120 km Purunakatak-Balangir parts of the line have been commissioned while work for the 75 km Daspalla-Purunakatak stretch has been taken up. The railway line contains seven tunnels totalling 11.96 km, of which six tunnels covering 7.7 km have been completed and work on one tunnel continues. All five bridges on the route have been completed and work on five station buildings is under progress.

The minister added that construction of an 85 km third and fourth line between Salegaon and Budhapank has also been taken up as another major project in the state. The 23 km Salegaon-Rajathgarh section has been commissioned while land acquisition and forest land diversion for the 20 km Rajathgarh to Dhenkanal stretch have been initiated. The 34 km stretch from Dhenkanal to Meramundali has already been commissioned while land acquisition and forest land diversion for the eight km Meramundali-Budhapank section is under way.

The progress report reflects staged commissioning and ongoing civil works aimed at improving connectivity and capacity in the region. The figures were provided in a written reply to a member of the Rajya Sabha, which emphasised completion of major civil structures as remaining work advances. No further timelines were specified in the reply.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..