RoadMin aims to spend over 90% capex by Dec

25 Jul 2023 CW Team

The Road Transport and Highways Ministry aims to spend over 90% of its Rs 2.59 lakh crore capital expenditure (capex) earmarked in Budget 2023-24 by December 2023. This expenditure will be for developing roads across the country with an aim to complete 310 National Highways (NH) projects by the end of the calendar year.

Sector watchers say the months following December 2023 would see a slowing down of construction activity with the model code of conduct coming into force in a year of assembly and parliamentary elections.

"The aim is to achieve 91% gross budgetary support capital expenditure by December 2023," a senior official said.

According to government estimates, Rs 99,273 crore was spent as capex in the first three months of the current financial year, slightly down from Rs 1.02 lakh crore in the same months of the previous fiscal.

Of this, Rs 79,015 crore was spent this year under the Bharatmala Pariyojana, the flagship highway creation programme of the centre. This resulted in 2,250 km of highways being built in the country between April-June 2023, up from 1,977 km in the April-June 2022 period. Award of highways stood at 611 km during the months under review, down from 969 km in the comparable period of the last fiscal.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..