Sep 12, 2024, at 06:33 am
New Delhi: Union Cabinet approved the fourth phase of the Pradhan Mantri Gram Sadak Yojana (PMGSY) on Wednesday which will be implemented from 2024-25 to 2028-29, with a budget allocation of Rs 70,125 crore.
Big push for capex: Finance Minister Nirmala Sitharaman eases norms for expenditure over Rs 500 cr
Sep 05, 2024, at 05:39 am
New Delhi: The finance ministry has eased rules for expenditures exceeding Rs 500 crore to speed up capital expenditure, which is set at Rs 11.11 lakh crore for the current fiscal year, News agency PTI reported.
Union Cabinet approves 3 metro rail projects in Karnataka and Maharashtra
Aug 17, 2024, at 03:02 am
New Delhi: The Union Cabinet approved three metro rail projects in Karnataka and Maharashtra, with a combined estimated cost of approximately Rs 30,765 crore.
Centre approves 8 national high-speed road corridor projects of length 936 km for Rs 50,655 cr
Aug 03, 2024, at 05:03 am
New Delhi: The Cabinet Committee on Economic Affairs approved eight national high-speed road corridor projects on Friday, spanning a total length of 936 km across the country, with an investment of Rs 50,655 crore, Union Minister Ashwini Vaishnaw said in a press briefing.
India plans $1 billion investment for hydropower projects in Arunachal Pradesh
Jul 10, 2024, at 04:21 am
New Delhi: India is likely to allocate $1 billion to accelerate the construction of 12 hydropower stations in Arunachal Pradesh, a move likely to heighten tensions with China, which claims the region, Reuters reported.
Growth of eight core sectors slows to 6.3% YoY in May
Jun 29, 2024, at 04:35 am
New Delhi: The pace of growth of India's eight core sectors slowed to 6.3 percent year-on-year in May, slightly down from the 6.7 percent recorded in April, according to government data released on Friday.
S&P revises India's outlook from 'stable' to 'positive', maintains rating at 'BBB-'
May 29, 2024, at 10:01 pm
Mumbai: Rating agency Standard & Poor's (S&P) on Wednesday updated its outlook for the Indian economy from 'stable' to 'positive', maintaining the overall rating at 'BBB-', the lowest investment grade. The transfer and convertibility assessment continues to be 'BBB+'.
Ambassador Eric Garcetti says US investing $3.8 bn to meet India's renewable energy, infra goals
May 24, 2024, at 08:20 pm
US Ambassador Eric Garcetti said the United States International Development Finance Corporation is planning to invest $3.8 billion to meet India's renewable energy and infrastructure goals.
ITI Ltd bags LoIs worth Rs 37.5 cr for Solar Street light Systems in Bihar
May 17, 2024, at 01:42 am
Bengaluru/Naini: ITI Limited, the country’s first PSU post-independence and premier telecom manufacturing company has received LoIs worth Rs. 37.5 Crores from Bihar Renewable Energy Development Authority (BREDA) for the installation of Solar Street light Systems.
L&T to exit Hyderabad Metro project as Cong govt's free bus ride scheme hits passenger volume
May 13, 2024, at 02:26 am
Hyderabad: Infrastructure and engineering firm L&T is mulling offloading its stake in the Hyderabad Metro project after 2026, citing the free bus rides offered by the Congress government, media reports said.
Edelweiss Alternatives backed platform acquires L&T Infrastructure Development Projects Ltd
Apr 12, 2024, at 02:44 am
Mumbai: Edelweiss Alternatives backed platform concludes acquisition of L&T Infrastructure Development Projects Limited (L&TIDPL)
SJVN Ltd signs MoU with IIT Patna to use advanced geological models in tunnelling projects
Apr 04, 2024, at 03:21 am
New Delhi: SJVN Limited has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna) to use advanced geological models in SJVN's tunnelling projects to significantly reducing time and cost overruns.
Mar 09, 2024, at 06:28 am
New Delhi: The Centre has approved Rs 1404.94 crore for the widening and strengthening project of the Rafiabad – Kupwara – Chowkibal – Tangdhar – Chamkot section of National Highway-701 in Jammu and Kashmir, Road Transport & Highways Minister Nitin Gadkari said on Friday.
Govt sanctions Rs 5469 cr for construction, widening, upgrade of highways
Feb 28, 2024, at 06:35 am
New Delhi: The government said on Tuesday that it has sanctioned over Rs 5,469 crore for the construction, upgrade and widening of highways in different states of the country.
Centre to implement over 200 projects in 5 years under Parvatmala Pariyojana: Gadkari
Jan 24, 2024, at 06:21 am
New Delhi: The Central government has planned to implement over 200 projects worth Rs 1.25 lakh crore in the next five years under its National Ropeways Development Programme ‘Parvatmala Pariyojana’, Road Transport and Highways Minister Nitin Gadkari said on Tuesday.
Jan 20, 2024, at 06:01 am
New Delhi: The Centre has sanctioned Rs 343.74 crore for the expansion of the Mangalore-Mudigere-Tumkur section of NH-73 to transform it into a 2-lane road with paved shoulders.
Adani Ports to raise up to Rs 5,000 cr via non-convertible debentures
Jan 04, 2024, at 02:19 am
Mumbai: The board of directors of Adani Ports and Special Economic Zone Limited approved the raising of funds up to Rs 5,000 crores through public issuance of non-convertible debentures of the face value of Rs1,000 each amounting up to Rs 5,000 crore through one or more tranches, the company informed stock exchanges on Wednesday.
Gadkari allocates Rs 1,241 cr for enhancement & expansion of Phulbari-Tura road in Meghalaya
Dec 10, 2023, at 10:05 pm
Shillong: Union Minister of Road Transport and Highways Nitin Gadkari on Saturday announced an allocation of Rs. 1,241 crore for the enhancement and expansion of the Phulbari-Tura segment on National Highway 127B in Meghalaya.
DPIIT showcases India's logistics reforms and initiatives in meeting with World Bank Team
Dec 08, 2023, at 09:26 pm
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) showcased the various projects and initiatives it is undertaking to improve India’s logistics efficiency to the World Bank Team.
Adani Group plans to invest Rs 7 trillion in infra projects over next 10 yrs: Report
Dec 02, 2023, at 05:49 am
Mumbai: Billionaire Gautam Adani-led ports-to-green energy conglomerate Adani Group is looking to invest Rs 7 trillion ($84.00 billion) in infrastructure projects over the next ten years, reported Reuters Chief Financial Officer Jugeshinder Singh on Friday.
Oct 13, 2023, at 04:56 am
New Delhi: A total of seven projects for construction of bridges in Arunachal Pradesh at a cumulative cost of Rs118.50 crores have been approved in the fiscal year 2023-24 under the Setu Bandhan Scheme, Union Road Transport and Highways Minister Nitin Gadkari Thursday said in a social media post.
Number of delayed infrastructure projects increase to 830
Sep 21, 2023, at 08:13 am
New Delhi: The number of delayed infrastructure projects valued at Rs 150 crore and higher in India has increased to 830 as of September 1, 2023, from 809 recorded on August 1, 2023, as per the August 2023 report from the Infrastructure and Project Monitoring Division (IPMD).
Jun 08, 2023, at 05:32 am
New Delhi: The Union Cabinet on Wednesday approved a metro connectivity project from HUDA City Centre to Cyber City with spur to Dwarka Expressway, Gurugram covering a distance of 28.50 km having 27 stations on the route.
National Highways & Infrastructure Development Corporation signs MoU with IIT Guwahati for R&D
May 27, 2023, at 06:20 am
New Delhi/ Guwahati: The National Highways & Infrastructure Development Corporation Ltd (NHIDCL) signed a Memorandum of Understanding (MoU) with IIT Guwahati via a video conferencing session on Thursday.
Indian Govt, ADB sign $141.12 million loan for industrial corridor development in Andhra Pradesh
May 26, 2023, at 01:54 am
New Delhi: The Asian Development Bank (ADB) and the Centre have signed a $141.12 million loan to support the development of high-quality internal infrastructure such as roads, water supply systems, and electricity distribution networks in three industrial clusters in Andhra Pradesh.
Nitin Gadkari reviews progress of Kaziranga elevated road project
May 11, 2023, at 02:47 am
New Delhi/IBNS: Union Minister for Road Transport and Highways Nitin Gadkari said a review was conducted Wednesday on the progress of the Kaziranga Elevated Road project.
80.82 km Phagwara to Rupnagar section on NH-344A being executed in Hybrid Annuity Mode: Gadkari
Feb 22, 2023, at 04:12 am
New Delhi/IBNS: In a major boost to the road infrastructure in Punjab, the National Highways Authority of India (NHAI) has developed a 4-Lane wide section from Phagwara to Rupnagar on NH-344A.
Nov 18, 2022, at 01:52 am
Siliguri (West Bengal)/IBNS: Union Road Transport and Highways Minister Nitin Gadkari Thursday inaugurated and laid the foundation stone of 3 NH projects worth Rs 1206 crore in Siliguri, nearly 600 km from Kolkata, in North Bengal.
NHAI InvIT NCDs listed on BSE; Nitin Gadkari rings bell to mark the listing
Oct 29, 2022, at 05:15 am
NHAI InvIT Non-Convertible Debentures were listed on the Bombay Stock Exchange (BSE), the Ministry of Road Transport & Highways (MoRTH) said Friday.
Oct 16, 2022, at 08:02 pm
Mumbai: The Ministry of Road Transports and Highways is planning to take over the State Highways with high traffic density from the state governments for a period of 25 years and convert them into 4 or 6-lane highways, Union Minister Nitin Gadkari said Saturday.