Ahluwalia Contracts Wins Rs 11 Bn Projects in Two Cities
Ahluwalia Contracts has secured construction orders worth over Rs 1,100 crore for projects in Gurugram and Bengaluru. The contracts mark a strategic expansion in the residential sector.The Rs 821 crore order from Whiteland Corporation involves constructing high-rise towers under the 'Urban Resort' project in Sector 103, Gurugram, scheduled for completion in three years. The second project, 'The Beacon' by Nestled Haven Estates and Maia Estates in Bengaluru, is valued at Rs 282.5 crore and includes structural and finishing works over 32 months.These wins further strengthen Ahluwalia’s presenc..
Coal India Pledges Rs 10 Bn to Talcher Fertilisers JV
Coal India Ltd (CIL) will invest Rs 1,067 crore in Talcher Fertilizers Ltd by subscribing to shares via a rights issue. Talcher Fertilizers, a joint venture with GAIL (India), RCF, and FCIL, is reviving an old FCIL facility with a coal gasification-based urea plant in Odisha.CIL will acquire over 106 crore equity shares as part of the transaction expected to conclude by July 9. The Talcher project, India’s first of its kind, aims to produce 12.7 lakh tonnes of urea annually.Despite delays from the COVID-19 pandemic affecting contractor Wuhuan Engineering, the project has reached 65.66% compl..
TN Offers Up to Rs 2.57 Cr/Acre for Parandur Airport Land
To accelerate land acquisition for the Rs 20,000 crore Parandur greenfield airport near Chennai, the Tamil Nadu government has fixed land compensation rates ranging from Rs 35 lakh to Rs 2.57 crore per acre. These rates significantly exceed the guideline values in Kancheepuram and Sriperumbudur taluks, with a flat rate offered for 1,960.63 acres.The move, sanctioned by a Government Order from Secretary V Arun Roy, includes 275% of the negotiable guideline value and a 25% incentive. It aims to fast-track acquisition and reduce resistance from landowners protesting the project.For lands with hig..
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