Fourteen under construction hydro power projects of above 25 Mw have been stalled due to various reasons, leading to cost overrun of Rs 25,593.78 crore, the government said on Monday. “As of July 1, 2017, there are 14 under construction hydro power projects (above 25 Mw), totalling 5,055 Mw, which are stalled due to various […]

Macadamia nut processing company, Green Farms Nut Company (GFNC) has started construction to expand its macadamia nut processing facility. The facility will come up in White River, Mpumalanga. Phase 1 is set to be completed in 2018. The phase 1 of the expansion project will see the factory size increase by an additional 7,000 sq […]

Shapoorji Pallonji Group, which has acquired a stake in Gopalpur Port (GPL) off the coast of southern Odisha, has recently pledged an investment of Rs.2,000 crore to ramp up the port’s cargo handling capacity to 20 million tons per annum (mtpa) in the first phase, said sources, insisting that the port will achieve the planned […]

Bastar Railway (BRPL) and IRCON have signed a project execution agreement (PEA). Thirteen new railway stations will come up on the 140 km long railway line between Jagdalpur and Rawghat to be constructed by IRCON.The project will entail an investment of Rs 2,538 crore. The first phase of land acquisition for the project has already […]

Feedback Infra has bagged a contract to prepare the detailed project report for Nagpur-Hyderabad-Bengaluru Expressway. Feedback Infra’s Highways IndVe SBU will prepare a detailed project report and ascertain the technical, economic and financial viability of the proposed expressway.Report will also include the rehabilitation and upgradion of the existing road configuration.

Delhi Development Authority (DDA) is all set to float tenders for developing three integrated smart cities in Dwarka, Narela, and Rohini shortly and work for the Yamuna river front development will start by October 2 itself. Housing and Urban Affairs (HUA) ministry has recently set these times lines for DDA. This also included that all […]

In order to extend housing loans to low-income consumers in rural and semi-urban areas across the country, the International Finance Corporation (IFC), a World Bank Group member, has recently invested Rs.130 crore in Jaipur-based affordable home loan firm Aavas Financiers. With the available funds, Aavas will expand its reach to un-served and undeserved low-income borrowers […]

Ministry of Civil Aviation (MoCA) has given in-principal approval to develop 18 greenfield airports. The ministry also gave site clearance approval to set up seven greenfield airports across the country.Of these, Mopa Airport in Goa, Navi Mumbai and Shirdi Airport in Maharashtra, Kushinagar Airport and Jewar Airport in Uttar Pradesh, Kannur Airport in Kerala, Dholera […]

State government in Bihar has recently inked Memorandum of Understanding (MoU) with Union Civil Aviation Minister Ashok Gajpathi Raju, to develop a network of all six regional airports across the state. When completed, airports in Bihta, Gaya, Purnia, Raxaul, Darbhanga, and Muzaffarpur, will also be able to offer flight services to other places outside the […]

Gulshan Homz will invest Rs 400 crore over next three years to develop two housing projects in Noida and Greater Noida. The company will construct nearly 1,900 housing units in the two projects. Gulshan Homz has launched 768 units in a 5.3 acre housing project ‘Gulshan Botnia’ on Noida Expressway. Cost of each unit is […]