ADB approves Rs 551 cr for projects under Agartala Smart City

15 Apr 2022 CW Team

The Asian Development Bank (ADB) approved Rs 551 crore for three projects under the Agartala Smart City Limited.

The ADB decided to fund 23 km of road by retrofitting 15 stretches for Rs 444 crore, restore lakes and water bodies of Maharaja Bir Bikram College and its adjacent areas at Rs 30.67 crore and renovate the Ujjayanta Palace and its surrounding at Rs 35.68 crore in the ongoing financial year (FY) in a phased manner.

The officials of urban development told the media that an ADB team, headed by Bhavesh Kumar, head of design and supervision and project management consultant, held a meeting with the Agartala Smart City Limited team and accepted the demand proposal in the loan inception mission.

The ADB will provide the funds to the Centre for the Agartala infrastructure development, and the project works will begin by mid-May.

The entire work would be finished within one year, including additional city development programmes.

Image Source

Also read: IIFL HFL inks $68 mn loan with ADB to fund affordable green housing

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..