Infrastructure
The Government of Maharashtra recently announced its plans of abandoning the model of private and public partnership that it had entered for the development of Mumbai Metro project in its second phase and has recently decided on modelling and building the project itself. This decision comes after Reliance Infrastructure exited the project partnership. In early [...] Continue Reading »
On Saturday, the Chairman of Larsen & Turbo, A M Naik, excused chief minister of Telangana, K Chandrasekhar Rao for the problem caused in connection with the disclosure request of its letter written in the month of September to the government intimidating to leave from the Hyderabad Metro Project. The company has also decided to [...] Continue Reading »
The real estate companies based around Bangalore namely Puravankara, Prestige and many other are planning to set foot in other cities such as Mumbai or Pune and rule over other southern cities as well, including Mangalore, Hyderabad or Chennai for further growth. Prestige undertakes about 85% of the major projects of Bangalore in expecting a [...] Continue Reading »
Civil construction and real estate major Shapoorji Pallonji and Company Ltd is likely to get a major boost for the development of affordable housing project. The private investment arm of World Bank, International Finance Corporation (IFC) is likely to lend it $30 million for the task. Bigger Plan SPCL has big plans for the future. [...] Continue Reading »
The Maharashtra Government is planning to indulge into road projects of Rs. 200 crore but not including Toll plazas. They are even planning to close about 50 toll plazas in the next two months. The roads that can be constructed at price lesser than Rs. 200 crore can easily be dealt by the Public Works [...] Continue Reading »
Clearances have been received by The Ministry of Road Transport and Highways by the Environment board for the projects planned in states along the border. These projects will be handled by the state government which can lessen the burden and pile-up of files at the Centre which in turn will speed up the process. As [...] Continue Reading »
The ‘Infrastructure 100: World Class Markets Report’included Delhi Metro amongst its prestigious list of projects that have been deemed to qualify world class standards of innovation. Apart from the Delhi Metro, the Yamuna Expressway was also amongst the list of 100 most innovative infrastructures in the world which is a prestigious nomination for the projects. [...] Continue Reading »
Six infrastructure projects in Delhi and Gujarat have been listed among the 100 most innovative infrastructure projects in the World. The World Market Report which makes a list of the 100 most innovative infrastructure projects in the world has chosen 6 projects from India which includes some from Delhi and Gujarat. Of these are Delhi [...] Continue Reading »
The Bengaluru based publicly held infrastructure developer, GMR infrastructure has suffered a greater loss in the July-September quarter of this year amounting to Rs.610 crore. This is 1.5 times greater than its net loss of Rs.393 crore for the corresponding quarter last year. Reasons for Loss: There have been a number of reasons cited for [...] Continue Reading »
Industrialist Prakash Hinduja commented on the process of India’s economic recovery saying that infrastructure is the key element and efforts must be taken by the government to fast track the various projects in this sector. This will send positive signals to investors for more projects in the future. India’s lumbering economy requires a much needed [...] Continue Reading »
