Suraksha Group Pledges Rs 55 Bn to Deliver 20,000 Jaypee Homes
Suraksha Group-led Jaypee Infratech (JIL) has committed close to Rs 55 billion over the next three years to complete 20,000 delayed housing units, assuring homebuyers that it will meet all deadlines outlined in its court-approved resolution plan.CEO Abhijit Gohil said the company will invest Rs 25 billion in FY26 alone, backed by a Rs 30 billion credit line and stable toll revenues from the Yamuna Expressway. Cash recovery from buyers and unsold inventory sales will also support construction.More than 3,200 workers are already active across sites, with JIL securing occupation certificates (OCs..
PM Modi Launches Rs 134.80 Bn Development Push in Bihar
Prime Minister Narendra Modi on 24 April unveiled development projects worth over Rs 134.80 billion in Madhubani, Bihar, marking Panchayati Raj Day celebrations.The initiatives include power projects of Rs 50.3 billion, a Rs 3.4 billion LPG bottling plant in Gopalganj, and the launch of new rail lines and services like the Amrit Bharat Express and Namo Bharat Rapid Rail. Modi also distributed Rs 9.3 billion under DAY-NRLM to Self Help Groups and sanctioned PMAY-Gramin benefits to over 1.5 million rural families.The projects aim to create jobs, boost connectivity, and improve living standards i..
Madhav Infra Jumps 9 per cent After Winning Rs 3.24B NHAI Highway Project
Madhav Infra Projects surged 9.22 per cent to Rs 12.79 after securing a Rs 3.23 billion highway project from the National Highways Authority of India (NHAI). The project involves four-laning a 10.08-km stretch from Rahatgarh to Berkhedi in Madhya Pradesh under hybrid annuity mode, with completion expected in 730 days.Madhav Infra, active in infrastructure and solar power, reported a 75.3 per cent rise in Q3 FY25 standalone net profit to Rs 38.4 million, with revenue up 59.8 per cent at ₹1.28 billion. Its market cap stood at Rs 3.42 billion as of 9 April 2025. ..
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