Himachal CM opens bailey bridge constructed within one and a half months
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Wednesday virtually inaugurated a bailey bridge on the Kharamukh-Holi road in the Bharmour assembly constituency of Chamba district. The 190-ft span bridge has been constructed within one and a half months at a cost…
World’s first 200-meter-long Bamboo Crash Barrier ‘Bahu Balli’ installed on Vani-Warora Highway
The Ministry of Road Transport and Highways has made another remarkable achievement to promote Aatmanirbhar Bharat. The ministry has installed a 200-meter-long Bamboo Crash Barrier on the Vani-Warora Highway in Maharashtra. The highway connects the Chandrapur and Yavatmal districts of the state….
Infra sector credit growth of banks slows sharply in Jan ’23
The government’s capital expenditure push for the infrastructure sector notwithstanding, the rate of growth in the outstanding bank credit to the country’s core sector declined to 2.3 per cent as of January 2023 as against a growth of 10.7 per…
Cement cost set for 3rd straight year of growth
The heavy infrastructure push in the budget will help cement demand log in the third consecutive year of growth next fiscal, taking the volume to 425 million tonne or 7-9 per cent more than the current fiscal, forecasts a report….
Ireda to set up office in Gujarat’s GIFT City to finance renewable energy projects
State-owned Indian Renewable Energy Development Agency (Ireda) plans to set up an office in Gujarat’s GIFT City to finance Renewable Energy projects in foreign currency. The office at GIFT City, Gandhinagar, will be classified as an overseas office, allowing Ireda…
Indian Railways; Mega projects for developing world-class stations underway
Indian Railways has taken the initiative to modernise its infrastructure across the country and in line with this step, the transformation of major railway stations has already started. In order to put the railway stations in India on the map of…
JSW group lays foundation stone of Rs 150 crore steel plant in Kashmir
JSW Group, formerly known as Jindal South West (JSW), has laid the foundation stone of a steel processing plant in Pulwama. The JSW Group’s Chairman and Managing Director, Sajjan Jindal, made the announcement about the foundation-laying ceremony for their new…
Higher govt capex to help infra cos clock 17-20% revenue growth
Higher government spending on infrastructure in FY24 will propel engineering, procurement, and construction companies to hit revenue growth of 17-20 per cent, taking their profit to the pre-Covid level, a report said on Tuesday. In the Budget 2023-24, the government has increased…
Cabinet approves construction of Shinkun La tunnel in Ladakh
The Union Cabinet on Wednesday gave its nod for the construction of the 4.1-km Shinkun La tunnel on the Nimu-Padam-Darcha road link to provide all-weather connectivity to the border areas of Ladakh. Providing details of the cabinet decision, Union minister Anurag Thakur said…
Govt to invest Rs 1.25 lakh crore to develop world-class infrastructure at ports
To boost the waterways network, the Ministry of Ports, Shipping and Waterways has planned several initiatives to develop global standard ports in India. The project is in line with Maritime India Vision (MIV) 2030. Under the vision, the government aims to make…