The increased emphasis on infrastructure development in India has led to a continuous increase in construction equipment demand. The government has proposed a capex of Rs 10 trillion in 2023-24, which is a 33 per cent […]
The road sector is undergoing significant transformation due to rapid urbanisation and the growing demand for sustainable transportation networks. Over time, technology and digital solutions have emerged as crucial components, shaping the entire life cycle […]
Road infrastructure development is a key indicator of a nation’s economic growth and success. Although there has been a lot of progress in the development of India’s state roads and highways, there are still certain […]
Bridges and tunnels in India serve as crucial infrastructural components that contribute to the advancement of transportation systems. These subsectors effectively enhance connectivity, particularly in regions that are geographically challenging to access. Moreover, these structures […]
Nearly 50,000 km of national highways have been added in India since 2014. Besides, the pace of construction more than doubled, from 11.6 km per day in 2013-14 to 28.3 km per day in 2022-23. […]
Traditionally, banks have been the conventional loan providers for road projects in India. Although banks play a pivotal role, particularly in the absence of a mature bond market and exposure limits imposed by regulators, relying […]
A robust and well-connected road network plays a pivotal role in driving the economic growth and development of a country. India’s road network, the second largest in the world, is the primary contributor to the […]
The government’s flagship programme, Bharatmala Pariyojana, initiated in 2017, has adopted a corridor-based approach for the growth of the country’s road sector. It aims at optimising the freight efficiency and passenger movement across the country […]
Siemens Energy is considering selling a part of its 24 per cent stake worth $3.4 billion in Siemens Limited to former parent Siemens AG. This partial stake sale would be a quick way for the […]
Amplus and I Squared Capital have collaborated to set up a climate solutions platform—Hexa Climate Solutions—with a focus on renewable energy, water and carbon oxides; wherein I Squared Capital will invest around $500 million. The […]
Chennai Metro Rail Limited (CMRL) has commenced laying ballasted test track at Poonamallee Depot under Chennai Metro Phase-II. The project involves development of 118.9-km three metro corridors (Corridor III, IV and V) in Chennai city […]
The Union Government sanctioned funds worth Rs 4.1 billion to Pune Metropolitan Regional Development Authority (PMRDA) for the Hinjewadi-Shivajinagar Metro Rail Project (Corridor 3 of Pune Metro) on November 2, 2023. The funds have been […]
Construction work commenced for the development of the Bhogapuram Greenfield International Airport Project (Vizianagaram) on November 1, 2023. The project involves the design, build, finance, construction, development, upgradation, modernisation, operation and maintenance (O&M) of the […]
The Jay Prakash Narayan International Airport, Patna witnessed the opening of a new departure gate on October 30, 2023. The airport has been facing congestion issues for a while. With the opening of the new […]
The construction work on the Kalammawadi direct pipeline project has been completed. The project has been implemented by Kolhapur Municipal Corporation in Maharashtra under the Urban Infrastructure Development Scheme for Small and Medium Towns at […]
The Central Government inaugurated and laid the foundation stone for various water supply and sewage projects in Gujarat on October 30, 2023. The projects which were inaugurated include two drinking water supply scheme for Palanpur […]
The trial run for the Pilloor water supply scheme phase III commenced on October 28, 2023. Currently, the trial run for part 1 has commenced which includes raw water storage tanks and water pumping stations. […]
In a notable development, Union government has inaugurated city gas distribution (CGD) network to provide domestic piped natural gas (PNG) at Ekta Nagar in the state of Gujarat. Gujarat Gas Limited has laid the CGD […]
GAIL (India) Limited and Bharat Petroleum Corporation Limited (BPCL) have signed a propane supply agreement worth Rs 630 billion for the Usar petrochemical complex. As per the agreement, GAIL will procure 600 kilo tonnes per […]
Reportedly, the government is ready with the draft Act, under which Uttar Pradesh will set up its Inland Waterways Authority. The proposal to create the new body may get approval by the cabinet next week. […]
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