Construction
Two months after chief minister Oommen Chandy promised to speed up land acquisition for the Amballoor electronic park, the state government has not issued the order to Kerala State Industries Development Corporation (KSIDC), which has been entrusted with the task of purchasing land directly from landowners. The government had decided to involve KSIDC in acquiring [...] Continue Reading »
IRB Infrastructure Developers Ltd today said it has won an Rs 1,687 crore project from Maharashtra State Road Development Corporation (MSRDC) for operation and maintenance of an expressway along with a stretch of Mumbai-Pune NH 4. The company has received the letter of award for MSRDC’s project of operation and maintenance of Yashwantrao Chawan Expressway [...] Continue Reading »
Lanco Infratech, which has interests in infrastructure, power and realty segments, retrenched 30 percent of its 5,700 workforce in the last financial year due to slowdown in development of some of its projects amid subdued market conditions. According to the latest annual report of the infra major, the group, which had a workforce of 5,700 [...] Continue Reading »
India’s top lenders, impatient with the delays in cash-strapped Lanco Infratech asset-disposal programme, are planning to take direct charge of the process to ensure they get what was owed to them, while providing fresh loans to get projects that have been stuck for various reasons moving again, according to an internal note. The banks, which [...] Continue Reading »
Construction on the Metro’s much-awaited Ghaziabad corridor is likely to start by December this year. Delhi Metro officials said tenders had already been called and several big companies had shown interest in constructing the line. The tenders will be opened on September 30. The extension of the Rithala Dilshad Garden Line, the 9.6-kilometre corridor up [...] Continue Reading »
The Noida Authority has decided to change the design plan for the proposed 6km elevated road on DSC road, opting to construct the support pillars using Reinforced Concrete Cement (RCC) instead of steel. The move will help to reduce the total cost of construction by Rs 100 crore, officials said. The proposed stretch, which is [...] Continue Reading »
The Government is now trying to fast-track a decision on easing rules for foreign investments in the construction development sector. This decision was taken after liberalising foreign direct investment (FDI) norms in the defence sector and the Railways. This has received a good response from many countries and countries like Singapore, Japan and Russia have already [...] Continue Reading »
BEML Ltd, manufacturer of heavy earth moving equipment for mining and construction sectors, has launched an indigenously developed new version of motor grader – BG405A for deployment in the infrastructure/construction sector. The new motor grader is BS III compliant engine with a net horsepower of 119HP and is certified by ARAI. BG405A is designed with [...] Continue Reading »
The Yamuna Expressway Industrial Development Authority (YEIDA) on Monday said it would borrow funds from the Noida Authority to develop theme parks along the Yamuna expressway. Beside, the authority will acquire farmland, along the highway, from farmers for urbanization. The authorities are looking forward to the construction of the theme park as this would help [...] Continue Reading »
The minimum distance from the boundary of a quarry to residential buildings has been cut by half to 50 metres as per a Kerala State Pollution Control Board directive. This comes in the context of the realisation by the State government that a number of quarries had closed down citing the existing distance limit, which [...] Continue Reading »
