Rs 147 Bn allotted to Madhya Pradesh rail development

Sikkim Rail Link Survey Sanctioned to Boost Regional Access

The Ministry of Railways has sanctioned a Final Location Survey (FLS) for a proposed 75-kilometre railway line connecting Melli to Dentam in Sikkim, with a budget allocation of Rs 22.5 million. To be undertaken by the Northeast Frontier Railway (NFR), the survey marks a significant step towards improving rail connectivity in the southern and western regions of Sikkim, especially in areas close to the India–Nepal border.The proposed alignment will run through strategic locations such as Jorethang and Legship, extending the reach of the under-construction Sivok–Rangpo railway line, which is ..

Maharashtra, Blackstone Sign Deal for Logistics Parks

In a major boost to Maharashtra’s industrial infrastructure, the state government has signed a Memorandum of Understanding (MoU) with global investment firm Blackstone Group for the development of over 10 logistics and industrial parks across key locations in the state.The agreement, valued at Rs 51.27 billion in foreign direct investment (FDI), is expected to generate approximately 27,510 direct and indirect job opportunities.The MoU was signed by Dr P Anbalagan, Principal Secretary of Industries, and R K Narayanan, President of Horizon Industrial Parks — a Blackstone entity — at Sahyad..

NBCC Sells 446 Noida Flats for Rs 14.68 Bn

State-owned NBCC (India) Ltd has successfully sold 446 apartments in Noida for a total value of Rs 14.68 billion, conducted via e-auction.In a regulatory filing on Friday, NBCC confirmed the sale of 446 residential units at Aspire Silicon City, Phase IV, located in Sector 76, Noida, Uttar Pradesh. The total transaction amounted to approximately Rs 14.679 billion, and NBCC will earn a 1 per cent marketing fee on the sale value.The sales are part of the broader directive issued by the Supreme Court, which established the Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE)..