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Centre plans INR 1L crore worth road projects
Union minister for road transport Nitin Gadkari said the Centre plans to launch road projects worth INR 1 lakh crore over the next 2 years in the state to provide a robust road infrastructure in Rajasthan. Modi is scheduled to inaugurate 11 projects and lay the foundation stones of six others, in all worth INR 15,000 crore, in Udaipur on August 29. He will dedicate to the nation, highway projects totalling 873 ...
Railway projects launched in Odisha
Union minister Manoj Sinha today launched several railway projects and flagged off a train in the newly commissioned electrified section between Sambalpur and Jharsuguda in Odisha. The minister of state for communication and railways launched the railway projects through video conferencing from Rail Sadan at Chandrasekharpur here. Sinha laid the foundation of Road Over Bridge (RoB) at Khetarajpur (Sambalpur) and fl ...
NMPT chief highlights green initiatives
New Mangalore Port Trust (NMPT) has taken up several works as part of its green initiatives, according to its Chairman. Speaking at the Independence Day celebrations at the New Mangalore Port on Tuesday, Suresh P Shirwadkar, Chairman (in-charge), said that the port has set up rooftop solar units in its administrative building, hospital building and guest house with a power generation capacity of 4 MW. NMPT has illu ...
Larsen & Toubro bags INR 3,375 cr order in Mauritius
Larsen & Toubro (L&T) has bagged a INR 3,375-crore order from Metro Express Limited, a Mauritius state-owned company, to design and build an integrated light rail-based urban transit system in the island nation. The project envisions 26-km metroline with 19 stations. Apart from stations, the scope of work for L&T includes construction of viaducts and bridges, track works, DC electric traction systems, t ...
L&T profit surges 46% on high traction in infra sector
Improvement in capital cycle pushed the Q1 consolidated net profit of Larsen and Toubro Limited (L&T) by 46%. The company’s profit increased from INR 610 crore in Q1 FY-17 to INR 893 crore for the quarter ended June 30, 2017. L&T’s gross revenue has increased by 10% to INR 23,990 crore compared to the same quarter of the previous year. However, there was substantial decline in order infl ...
Highways sector seen requiring INR 7 lakh cr. investment in next 5 years
The Ministry of Road Transport and Highways has estimated a fund requirement of about INR 6.92 lakh crore for the development of National Highways in the country during the next five years. The Minister of State for Road Transport, Highways and Shipping, Mansukh L. Mandaviya said that It will be met from the Gross Budgetary Support of the Ministry, the Central Road Fund, toll remittance, monetization of National Hi ...
CSL INR 1,470-crore IPO to open on August 1
Cochin Shipyard Limited (CSL) will sell shares through an IPO to raise as much as INR 1,470 crore to help fund a INR 2,800-crore expansion plan for constructing larger sophisticated ships and strengthen its ship repair business. The share-sale involves 34.984 million equity shares of 10 each, comprising a fresh issue of 2.2656 crore shares and the Central Government’s stake of 1.1328 crore shares. The share-s ...
CSL proposes to issue IPO to finance infrastructure project
The Cochin Shipyard Limited (CSL) has embarked upon two major infrastructure expansion projects - International Ship Repair Facility at a cost of INR 970 crore and construction of new Dry Dock with a cost of INR 1799 crore. In order to finance these projects it has proposed to issue Initial Public Offer (IPO). The entire proceeds of the funds raised through IPOs will be used for partial funding of the projects. ...
DHL Express expands presence in key industrial hub of Bhiwadi
DHL Express has inaugurated a new service centre in Bhiwadi. Located in Alwar district of Rajasthan, the 3,188 square feet facility will be the seventh in the Delhi-NCR region. The city of Bhiwadi is an industrial town spanning nearly 5,300 acres that caters to over 2,500 big and small enterprises. The city’s location on the national highway offers excellent connectivity to Delhi-NCR, and the strong poten ...
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