RBI Introduces New ARC Guidelines Effective April 24, 2024

The Reserve Bank of India (RBI) has ushered in a new era for Asset Reconstruction Companies (ARCs) in India. Effective April 24, 2024, a comprehensive set of guidelines aims to strengthen the regulatory oversight of ARCs, enhance their financial stability, and ultimately, improve their effectiveness in tackling the challenge of non-performing assets (NPAs) in the […]

Ramkrishna Forgings Wins ₹270 Crore Vande Bharat Train Order

Ramkrishna Forgings Ltd. (RKFL), a leading manufacturer of rolled, forged, and machined products, has secured a game-changing ₹270 crore order for the prestigious Vande Bharat train project. This landmark deal not only propels RKFL to the forefront of India’s high-speed rail development but also significantly bolsters the government’s “Make in India” initiative. Gearing Up for […]

DIPAM Rejects PFC-REC Proposal for KSK Mahanadi Project

The KSK Mahanadi thermal power project’s fight for financial recovery faces a fresh hurdle after the Department of Investment and Public Asset Management (DIPAM) rejected the debt resolution proposal submitted by Power Finance Corporation (PFC) and REC Limited. This decision throws a curveball at the already stressed asset, casting uncertainty on its immediate future. Stalled […]

Road Ministry’s Ambitious Plan: 50,000km New Expressways

The Ministry of Road Transport and Highways (MoRTH) is revamping India’s transportation landscape with a groundbreaking plan to build 50,000 km of new expressways. This ambitious project, expected to be unveiled in the first 100 days of the new government, signifies a significant shift from the previous Bharatmala Pariyojana program, which focused on developing a […]

India to Construct First Commercial Crude Oil Storage

India is making a historic stride towards energy security with the construction of its first commercial crude oil strategic storage facility, boasting a massive capacity of 2.5 million tonnes. This initiative, led by the Indian Strategic Petroleum Reserves Limited (ISPRL), represents a significant shift from the existing model of solely government-controlled Strategic Petroleum Reserves (SPR). […]

PM Inaugurates Gujarat Projects Worth Rs 1,06,000 Cr

Ahmedabad, March 12, 2024: Prime Minister Narendra Modi has today initiated a transformative era for Gujarat’s infrastructure by inaugurating and laying the foundation stone for projects worth over Rs 1,06,000 crores. This initiative is a significant step towards realizing the vision of a developed India. A Quantum Leap in Infrastructure The Dedicated Freight Corridor (DFC) […]

PM Launches Haryana Part of Dwarka Expressway

Prime Minister Narendra Modi inaugurated the Haryana section of Dwarka Expressway on Monday, March 11, 2024. The 19-km-long stretch is part of the 29-km-long expressway that connects Delhi and Gurugram. The expressway is India’s first elevated highway and the first single-pillar flyover with eight lanes. It is expected to reduce travel time and ease traffic […]

PM Modi Unveils India’s First Underwater Metro in Kolkata

Prime Minister Narendra Modi on Wednesday unveiled multiple metro projects across the country, including India’s first underwater metro line in Kolkata. The 16.6-kilometre-long corridor will connect Howrah and Salt Lake, two of the most populous and important areas of the city. The project is expected to ease traffic congestion, enhance connectivity and boost economic activity […]

Power Grid Corporation Sanctions Rs 656 Cr Investments

Power Grid Corporation Sanctions Rs 656 Cr Investments

State-owned Power Grid Corporation on Monday said its board has approved an investment worth about Rs 656 crore for implementation of electricity transmission projects in the country. The company said in a BSE filing that the board of directors and the committee of directors on investment on projects have accorded investment approvals in their respective […]

RVNL record Order Book of Rs 65,000 Crore, Expands Overseas

RVNL record Order Book of Rs 65,000 Crore, Expands Overseas

RVNL, a public sector undertaking under the Ministry of Railways, has achieved a record order book of Rs 65,000 crore and is expanding its presence in foreign markets. The company, which is involved in project development, financing and implementation of rail infrastructure projects, has diversified its portfolio to include Vande Bharat trains, metro projects, electrification […]