PM Modi Inaugurates 300 MW Solar Plant in Rajasthan
Prime Minister Narendra Modi on Friday inaugurated a 300 MW solar power plant in Rajasthan, marking a significant step towards achieving the government’s ambitious renewable energy capacity addition target and the goal of net-zero by the year 2070. A green and cheap power project The solar power plant, located at Karnisar-Bhatiyan village in Bikaner district, […]
Satellite-Based Tolling on Mysuru-Bengaluru Expressway
India is gearing up to introduce a revolutionary technology of Satellite-Based Tolling that will transform the way tolls are collected on highways. The Global Navigation Satellite System (GNSS) based toll collection system will allow vehicles to travel seamlessly without stopping at toll plazas, and pay only for the distance they cover on the road. The […]
Adani Realty Secures ₹30,000 Cr Bandra Reclamation Project
Adani Realty, the real estate arm of Adani Group, has emerged as the preferred bidder for the redevelopment of the Bandra Reclamation land parcel in Mumbai, one of the most coveted and expensive properties in the country. The company has offered 22.79% revenue share to the Maharashtra State Road Development Corporation (MSRDC), which owns the […]
LIC Launches Amritbaal Plan for Child’s Higher Studies
LIC, the largest life insurance company in India, has launched a new plan called ‘LIC’s Amritbaal’ to help parents save for their child’s higher education. The plan is a traditional endowment policy that offers guaranteed additions and maturity benefits. What is LIC’s Amritbaal Plan? LIC’s Amritbaal is a non-linked, non-participating individual savings and life insurance […]
Road Min to Extend EPC contracts to 10 Years
The Ministry of Road Transport and Highways is planning to extend the defect liability period for road contractors under engineering-procurement-construction (EPC) contracts from 5 years to 10 years, according to a senior government official. This move is aimed at improving the quality of road construction and reducing the maintenance cost for the government. What is […]
RITES, AD Ports Group Join Hands for Infrastructure
RITES Limited, a leading transport infrastructure consultancy and engineering firm in India, and AD Ports Group, a leading facilitator of global trade, logistics and industry in UAE, have signed a strategic Memorandum of Understanding (MoU) to explore joint ventures and collaborations in key areas of trade and logistics. The MoU covers cooperation in the upcoming […]
Road Projects Streamlined: Deemed Approval Speeds Up DPR Process
The Ministry of Road Transport and Highways (MoRTH) has taken a major step to streamline the process of preparing Detailed Project Reports (DPR) for highway projects in the country. The ministry has issued a circular on 9 February 2024, stating that DPRs submitted by consultants will be deemed to be approved if no comments or […]
NHAI and Maharashtra Sign MoU for Ropeway Projects
The Maharashtra government has joined hands with the National Highways Logistic Management Limited (NHLML), a 100 per cent owned special purpose vehicle of the National Highway Authority of India (NHAI) for infrastructure development, to implement ropeway as part of the National Ropeway Programme ‘Parvatmala’. The state government has proposed a total of 40 ropeway projects […]
L&T to Construct Bridge Over Brahmaputra
India’s leading engineering and construction company, Larsen & Toubro (L&T), has secured a large contract to construct the country’s longest road bridge across the river Brahmaputra, connecting Dhubri in Assam to Phulbari in Meghalaya. The project is being financed by the Japan International Cooperation Agency (JICA) and will be executed by L&T Construction, the construction […]
Rs 2 Lakh for Rural Housing in Interim Budget
The interim budget 2024, presented by Union finance minister Nirmala Sitharaman on February 1, has brought some cheer to the rural and middle-class home buyers. The budget has proposed to increase the assistance for rural housing under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) scheme by 66 per cent, from Rs 1.2 lakh to […]