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Chardham highway project will be completed by 2018
The INR 12,000 crore 'Chardham' highway project in Uttarakhand will be completed by the end of 2018 irrespective of which party comes to power in the state, Union minister Nitin Gadkari has assured. Minister for Road Transport and Highways Gadkari also exuded confidence of winning the state election. Assembly elections in Uttarakhand were held in a single phase yesterday and the results will be announced on ...
IL&FS Engineering bags INR 123 cr orders from GAIL
IL&FS Engineering and Construction Company Limited has received a contract from Gas Authority of India Limited for two pipeline laying contracts worth INR 123.05 crore in Kerala and Karnataka. Both the spreads are contiguous and are part of Kochi-Koottanad-Mangalore pipeline project. IL&FS Engineering Services is already executing a part of this Kochi-Koottanad-Mangalore pipeline project for GAIL worth ...
Ashok Leyland eyes one-third share of ICV market in 2 years
Ashok Leyland Limited (ALL) is eyeing a one-third share of the intermediate commercial vehicles (ICV) market in the country within the next couple of years. ALL, which is already in the process of expanding its international footprint through establishing manufacturing assembly sites, is also targeting one-third of its total volumes coming from foreign shores in the next five years. The company has recently lau ...
16.5% increase in railway fund for Bihar
Bihar seems to have gained considerably in the allocation for railways in the first integrated Union budget tabled by Union finance minister Arun Jaitley on Wednesday. From INR 3171 crore in 2016-17, the allocation for Bihar has been increased to INR 3696 crore in the fiscal 2017-18, an increase of 16.56%. The average allocation for the state in the rail budget from fiscal 2009-10 to 2013-14 had been INR 1133 c ...
Ashok Leyland opens new assembly plant in Dhaka
Ashok Leyland strengthened its overseas presence by opening a new assembly plant in Dhaka in joint collaboration/tie-up with IFAD Autos Limited, Bangladesh. Built over a period of 15 months, the plant is spread over an area of 37 acres. A company said in a statement, It has a capacity to roll out 600-800 all range of vehicles per month. Company sources said that IFAD Autos will be investing INR 75 crore, while ...
Ashoka Buildcon gets INR 117-cr power project in Bihar
Highway sector player Ashoka Buildcon today said it has bagged a power project worth INR 116.72 crore in Bihar. Ashoka Buildcon said, “The company has received a letter of award for the project viz. turnkey contracts for providing APL Service Connection with LT line extension under the state plan in 7 circles under the jurisdiction of North Bihar Power Distributions Company Limited.” It further said ...
IWAI starts work on converting 106 rivers into NW
Inland Waterways Authority of India (IWAI) has begun the preparatory works on converting 106 rivers into National Waterways (NW) by making them navigable. 106 rivers across the Country were declared National Waterways by the Government in April 2016. These rivers would be used to move freight cargo. In phase I, 8 waterways are being considered for development. Some of the States that the eight NWs would cover, ...
Ashoka Buildcon wins projects worth INR 950 cr
Ashoka Buildcon has won rural electrification projects worth INR 950 crore in Bihar. The company has received Letters of Intent for five projects from North and South Bihar Power Distribution Company Limited. It won has rural electrification works in Sitamarhi, West Champaran, Munger, Patna and Sasaram districts. The company said in a statement, the projects were won under Deendayal Upadhyaya Gram Jyoti Yoj ...
State Govt. eyes to shift 40% Cargo Transport to Coastal Shipping
Kerala Government is eying to shift 40% of its cargo transport to Coastal Shipping by 2020 with an aim to decongest roads and tap the potential of the State’s sprawling coastline. The objective of the programme was to woo people, who now depend on road and railways for transport, to cost-effective and environment-friendly water transport sector, Minister for Ports and Museums Kadannapally Ramachandran informe ...
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