MoRTH floats tender for road construction in Karnataka

03 Nov 2022 CW Team

The Ministry of Road Transport and Highways of the Government of India has invited bids for the construction of a two-lane road in the state of Karnataka. The scope of work includes the construction of two lanes from existing ch 55.600 km to 90.700 km (design ch from 0 km to 13.832 km of realignment) of NH-766C in the state of Karnataka, as well as two major bridges across Sharavathi Backwaters. The project's estimated cost is Rs 2.46 billion, with a completion date of 24 months.

Also read:
Coimbatore City Municipal Corporation starts repairing roads
Chhattisgarh asks Centre to revoke coal mine clearance

Building Material

18 Sep 2025

Ultratech Cement Expands Cuttack Plant with Rs 3.72 Billion Investment

Odisha Chief Minister Mohan Charan Majhi virtually inaugurated Ultratech Cement’s Rs 3.72 billion expansion project on Monday from Bhubaneswar. The ceremony, held at the state level in Bhubaneswar, saw the participation of Minister of Industries Sampad Chandra Swain, Chief Secretary Manoj Ahuja, Development Commissioner Anu Garg, and Additional Chief Secretary Industries Hemant Sharma.Aditya Birla Group head for Odisha, Ardhendu Mohapatra, and Ultratech Cement Cuttack Plant Head Abhinash Rath were also present. At the project site in Khamar Nuagaon and Kolathpangi villages, Athagarh te..

Muthoot Finance Raises $600 Million via Global Bond Issue

Muthoot Finance has raised $600 million through an External Commercial Borrowing (ECB) issuance in the international bond markets, marking the fifth and final drawdown under its Global Medium-Term Note (GMTN) programme since May 2024 and completing the company’s $2 billion target.The bonds, rated BB+ by S&P and Ba1 by Moody’s, were priced at 6.37 per cent, with a 4.5-year maturity and an average life of four years. This represents Muthoot Finance’s first bond issuance since receiving credit rating upgrades from S&P in March 2025 and Moody’s in April 2025.Proceeds from the issua..

India Aims to Lead Global Auto, Green Mobility and Infrastructure

Union Minister for Road Transport and Highways, Shri Nitin Gadkari, on Monday unveiled an ambitious roadmap at the International Value Summit 2025 in New Delhi to position India as a global leader in automobile manufacturing, green mobility, and infrastructure innovation.India has surpassed Japan to become the third-largest automobile market globally, with the government targeting the top position within five years. “All major global automobile brands are now present in India. Their focus has shifted from merely assembling to exporting vehicles from India to the world,” said Shri Gadkari. ..