Projects
The transportation infrastructure business of L&T Construction has grabbed 3,655 crore order from ASHGHAL, State of Qatar, for design and construction of Al Wakrah Bypass Road in the Gulf country. As per statement, the scope of work consist of construction of11km road of 10 lanes and four future lane sections roads. The open way provides access to the existing [...] Continue Reading »
The Taurus Investment Holdings, LLC, a global PE investment and development firm is planning to invest Rs. 1, 200 crore in IT and social infra at Technopark, Thiruvananthapuram. Mr. Ajay Prasad, Managing Director, India, Taurus Investment Holdings says that these 1,200 crore is part of proposed 3,000 crore which is to be invested in developed assets [...] Continue Reading »
After much discussion of redevelopment of government flats in Delhi’s Moti Bagh, the public sector company, National Buildings Construction Corporation (NBCC) is focusing to rebuild at least three government housing projects worth Rs 5,000-6,000 crore in other parts of the country. The company is also searching the chances to expand its market in Africa and [...] Continue Reading »
The country’s largest car maker company, Maruti Suzuki India Ltd, plans to buy real estate for dealers in India and constructing factories for its Japanese parent Suzuki Motor Corp. In growing markets like Latin America and Africa—moves that are likely to shock its investors. The two people familiar with the development say that the company, in [...] Continue Reading »
Union Minister of Civil Aviation Ajit Singh announced in Hyderabad that airports in India are expected to attract investments worth $12.1 billion during the 12th Plan period, including $9.3 billion from the private sector. India is expected to reach third position with a fleet size of 1,000 by 2020 and holds 9th position in civil [...] Continue Reading »
Textile conglomerate Arvind Limited, through its subsidiary Arvind Garment Park Pvt Ltd, will set up a 300 acres garment park in Gandhinagar. The group’s own Rs 125 crore garment manufacturing plant will be anchor unit of proposed garment park. It will have a capacity of capacity of nine million pieces. The apparel park is expected [...] Continue Reading »
Pune’s residential housing sector got a new entrant in the name of Phoenix Mills, which has announced the launch of its project ‘Fountainhead’ near Viman Nagar on the Pune-Ahmednagar Road. The project comprises of two 13-floor towers encompassing 81 three and four bedroom apartments. The homes range from 3,000-5,100 sq ft in size and come at a [...] Continue Reading »
Two orders worth Rs 721 crore are bagged by Infrastructure development company SPML from Bhavnagar Irrigation Project Division, Gujarat, and South Bihar Power Distribution Company, Patna. The company informed in a statement, in Gujarat SPML Infra has received an Rs 594-crore order for developing infrastructure for water supply to Bhavnagar along with a Rs 127-crore order in [...] Continue Reading »
A lot of projects have been delayed for last four months for want of statutory letter of permission (LoP) from the government. Some of them are Dr Reddy’s Andhra Pradesh unit for pharmaceuticals and APIs, Zydus Pharma’s unit in Ahmedabad special economic zone (SEZ) and Alstom Bharat Forge Power’s unit in APSEZ in Gujarat. Headed [...] Continue Reading »
After almost two years three new special economic zones (SEZs) have been planned in Gujarat, since several developers are dropping their proposals. In principle consent to the proposals worth Rs 483 crore has been given by The Gujarat industry & mines department and will soon offer it to the Government of India’s SEZ Approval Board. [...] Continue Reading »
