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Ashoka Buildcon has announced that its three wholly owned subsidiaries of Ashoka Concessions have submitted duly executed financing documents to NHAI for their Hybrid Annuity Model (HAM) Projects entailing an investment of ₹2,991 crore. Projects include Ashoka Mallasandra Karadi Road – four laning of Tumkur Shivamogga section from Km 12+310 (Design km 12+300) to km […]

In an attempt to reduce congestion at Western Express Highway (WEH), Mumbai Metropolitan Region Development Authority (MMRDA) is set to clear the alignment of the coastal road which will have interchanges at WEH, at an estimated investment of ₹15,000 crore. New coastal road from Versova to Ghodbunder will pass through Marve-Manori areas, with eight interchanges […]

Birla Corporation Limited, M.P.Birla group flagship company, would invest around Rs 2,400 crore for its proposed new cement plant at Mukutban near Nagpur. “We are planning to invest around Rs.2,400 crore for four mtpa greenfield cement plant at Mukutban. We will now go to board for approval”. Lodha said after completion ofnew plant, total cement […]

Motilal Oswal Real Estate, real estate arm of Motilal Oswal Private Equity, has managed to generate over ₹575 crore to be invested in mid-income and affordable residential projects across six top cities in country. Fund, which will also be selectively invested in commercial projects and its investment strategy, will be an extension of the strategy […]

RCom is planning to develop 133-acre infotech park Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai into 30 million sqft of commercial space as part of its asset monetisation plan. The development will result in creating an area that is equivalent to 75 Nariman Points (Mumbai’s central business district) or 10 new Bandra-Kurla Complexes (Mumbai’s […]

Infrastructure major Larsen & Toubro (L&T) Tuesday said its construction arm has won contracts worth Rs 2,048 crore across two business segments. Power transmission and distribution business of L&T Construction has bagged orders worth Rs 1,633 crore in the domestic market, it said in a BSE filing. “Business has secured a major order for a […]

National Bank for Agriculture and Rural Development (NABARD) has so far sanctioned loans worth Rs. 65,634.93 crore to finance irrigation projects. Bank approved loans to 93 prioritised irrigation projects under the government’s flagship scheme Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). It is financing the central and state share of 99 prioritised irrigation projects under the […]

Marvel Realtors and Developers is constructing luxury villa and apartment project ‘Marvel Selva Ridge Estate’ near Kothrud, Bavdhan in Pune district of Maharashtra. Complex spanning over 22 acre of land will be implemented in two phases and will have four towers of G+seven floors with 96 flats and 16 villas of G+two floors including various […]

Adding to its project portfolio in the rail sector of the country, RITES has recently managed to secure an additional work of Rs.294.67 crore from Ministry of Railways for doubling of Dharmavaram Penukunda rail track lines (41.5 Kms) in South Western Railways. Elaborating that prior to this, RITES was awarded doubling of similar work contract […]

Pune Metropolitan Region Development Authority (PMRDA) is all set to start the construction work on the first phase of the 128-km ring road, from Satara Road to Ahmednagar stretch entailing a combined investment of ₹23,828 crore, said, PMRDA commissioner Kiran Gitte, elaborating that tenders for the service roads have already been approved and the Centre […]