Over 670 Road Projects behind schedule, Minister informs Parliament

01 Aug 2023 CW Team

According to a statement made by Minister for Road, Transport and Highways, Nitin Gadkari, in the Lok Sabha, there are a total of 1,612 road projects currently under construction across the country, including in Tamil Nadu, as of June 30, 2023. Out of these, 674 projects have experienced delays in their original schedules due to various reasons.

However, Minister Gadkari clarified that not all of the delayed projects are subject to cost escalation. The payment for price escalation is based on the contract conditions, and the actual amount of such escalation and any increase in project cost can only be determined upon the project's actual completion and final settlement of bills.

In cases where the delay can be attributed to the contractor, penalties are imposed, and price escalation is not paid. Therefore, there is no additional cost incurred due to such delays.

To ensure efficient progress, the ministry actively monitors the national highway projects in close collaboration with project implementing agencies, state governments, and contractors/developers. Periodic reviews of the projects are conducted at various levels, and several measures are implemented to enhance the liquidity of funds available to contractors/developers and expedite the project's progress.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..