Construction

Aparna Enterprises, part of the diversified Hyderabad-based Aparna Group, will commission its Rs 320 crore upcoming tile manufacturing unit Peddapuram in East Godavari of Andhra Pradesh by July as it seeks to strengthen its backward integration, said a top company executive in Hyderabad on Tuesday. Coming up in two phases, the unit will have a […]

The defence ministry on Thursday cleared the decks for equipping the army with two Pinaka missile regiments with 36 launchers at a cost of Rs 3,300 crore. The defence acquisition council (DAC) gave its nod to proposals worth over Rs 15,000 crore to beef up the military’s combat potential. http://www.hindustantimes.com/india/decks-cleared-for-defence-projects-worth-rs-15-000-cr/story-f7XHDUKLCKOoxvOJ9rG1lM.html

The Noida and Yamuna expressway authorities are all set to tabulate their annual budgets in June, which will be allocated to the two areas in the current financial year. According to sources, nearly Rs 10,000 crore will be allocated to the two areas in 2017-18. While Noida is likely to put aside nearly Rs 6,000 […]

In order to develop a mixed-use project in Gurugram on the outskirts of the national capita, Elan Group has recently tied up with PVR Cinemas to build structure on 7 acres of land with mixed use space comprising 1.5 million sq.ft of built up area that worth Rs.550 crore. https://www.nbmcw.com/news/36466-elan-realty-unveils-rs-550-cr-project.html

In the biggest ever push, the Central government has prepared a blueprint to award national highway projects entailing a staggering investment of Rs.5 lakh crore, said Transport Minister Nitin Gadkari, claiming that the highway contracts commanding a length of about 50,000 km, have already been awarded in the past two years https://www.nbmcw.com/news/36468-govt-readies-rs-5-lakh-cr-road-contracts.html

In a recent development, the India Trade Promotion Organisation (ITPO), has decided to auction 3.7 acres prime land in Pragati Maidan to build country‘s biggest exhibition-cum-convention centre. The funds will be used to build a 500-room hospitality complex for visitors, chief L C Goyal said, adding that the project would require Rs.2,250 crore and ITPO […]

In yet another booster to the country’s metro network, the Japan International Cooperation Agency (JICA) has extended Rs.9,000 crore as concessional loans for the Chennai Metro Rail Project. http://www.nbmcw.com/news/36447-jica-injects-rs-9-000-cr-in-chennai-metro.html

In its quest to match the huge infra deficit, India has set its sight on the global investors to mop up a staggering sum of Rs.7,000 core and is currently scouting for global investors to achieve the laid down infra investment targets, CEO, LSE, Nikhil Rathi said. http://www.nbmcw.com/news/36446-india-scouts-rs-7-000-cr-infra-investment.html

Making it the second cable-stayed bridge in the city after Bandra-Worli Sea Link, Mumbai Metropolitan Region Development Authority (MMRDA) has recently directed to the contractor to complete the road as quickly as possible. http://www.nbmcw.com/news/36443-mmrda-fast-tracks-rs-875-cr-road.html