Page 2 - Infrastructure Projects

Excel Infra to invest ₹252 cr in luxury housing project in Mumbai

Realty firm Excel Infra Construction on Monday said it will invest Rs 250 crore to develop a housing project in Mumbai. In a statement, the company said it has launched a luxury residential project at Bandra Reclamation with an investment of Rs 252 crore. The funding will be through a mix of equity and Alternative Investment Fund (ATF) structured as non-convertible debentures. The company expects revenue of Rs 400 crore from this project, comprising a 33-storey residential tower comprising 96 units. The apartments in the project named 'Bellissima' are being sold at Rs 51,500 per square feet. "With a well-structured investment and the adoption of advanced construction technology, we are confident of delivering a project much ahead of the scheduled date of delivery," said Virendra Vora, Promoter and Managing Partner, Excel Infra Construction. Excel Infra has developed more than 20 projects across Mumbai.

PM Modi to launch ₹13,000 cr projects, inaugurate Ganga bridge in Bihar

Prime Minister Narendra Modi will be in Bihar on Friday when he is scheduled to inaugurate development projects worth more than Rs 13,000 crore, including a bridge over the river Ganges, besides addressing a rally. The PM's programmes will be held at a time Congress leader Rahul Gandhi's Voter Adhikar Yatra' is underway in the state. Assembly elections are due in the state this year. During his nearly four-hour-long tour of Bihar, the PM will undertake whistle stop visits to Gaya, Patna and Begusarai district. The trip will begin at Gaya, where he will inaugurate projects like a 660 MW power project, situated at Buxar and built at a cost of Rs 6,880 crore. Another project to be inaugurated by the Prime Minister is the Homi Bhabha Cancer Hospital and Research Centre in the north Bihar district of Muzaffarpur, which promises advanced and affordable cancer care to patients in Bihar and neighbouring states. The PM will also inaugurate a Rs 520 crore Sewerage Treatment Plant at Munger,

Housing micro markets delivering gains for homeowners, investors: Anarock

Delhi NCR's Noida Sector 150 micro market led the pack with a 139 per cent growth in capital values at Rs 13,600 per square feet in Q2 2025 compared to Rs 5,700 per square feet at the end of 2021

PM Modi to launch projects worth around ₹2,200 cr in Varanasi on Aug 3

Prime Minister Narendra Modi will launch multiple development projects worth around Rs 2,200 crore for Varanasi, his parliamentary constituency, on Saturday. A statement said the projects cater to several sectors, including infrastructure, education, healthcare, tourism, urban development and cultural heritage, and are aimed at achieving holistic urban transformation, cultural rejuvenation, improved connectivity and an enhanced quality of life in Varanasi. Modi will inaugurate projects to widen and strengthen the Varanasi-Bhadohi and Chhitauni-Shool Tankeshwar roads, and construct a rail overbridge at Hardattpur to ease congestion on the Mohan Sarai-Adalpura Road. He will lay the foundation stone for comprehensive road widening and strengthening across multiple rural and urban corridors, including Dalmandi, Lahartara-Kotwa, Gangapur, Babatpur, and rail overbridges at level crossing 22C and Khalispur Yard, the statement said. Strengthening the power infrastructure in the region, the

PM Modi to dedicate projects worth ₹4,800 cr in Tamil Nadu's Tuticorin

Prime Minister Narendra Modi will inaugurate numerous projects besides dedicate to the nation, various developmental initiatives, all totally worth over Rs 4,800 crore, here on Saturday. The PM would inaugurate the new terminal building at the airport, developed at a cost of around Rs 450 crore, and would undertake a walk through the new terminal building, according to an official release. He will dedicate to the nation two strategically significant highway projects - 4-laning of 50 km SethiyathopeCholapuram stretch of NH-36, developed for over Rs 2,350 crore under the VikravandiThanjavur corridor, and 6-laning of the 5.16 km NH-138 Tuticorin Port Road, built at around Rs 200 crore. He would inaugurate North Cargo BerthIII with a cargo handling capacity of 6.96 MMTPA at V O Chidambaranar Port established at a cost of Rs 285 crore, and dedicate three key railway infrastructure projects in southern Tamil Nadu to boost sustainable and efficient connectivity. The projects ...

Tata Projects eyes order book of over Rs 60,000 cr from infra biz by 2030

The business' order book as of March 31, 2025, stood at around ₹30,000 crore, featuring projects across segments like transport infrastructure, residential, commercial, and industrial real estate

Moody's expects infra credit revival as RBI eases provisioning norms

The Reserve Bank of India, in its final guidelines, eased project loan rules and cut provisioning burden on banks to 1%, instead of the earlier proposed 5%

World Bank approves over $1 bn for infra projects in Iraq, Syria, Lebanon

The World Bank said on Wednesday it approved over USD 1 billion dollars for infrastructure and reconstruction projects in Iraq, Syria and Lebanon. The biggest amount went to Iraq, where the World Bank approved USD 930 million to help improve the country's railway infrastructure, boost domestic trade, create jobs and diversify the economy. The World Bank said the Iraq Railways Extension and Modernisation Project will improve services and increase freight capacity between the Umm Qasr Port on the Persian gulf in southern Iraq to the northern city of Mosul. As Iraq shifts from reconstruction to development, enhanced trade and connectivity can stimulate growth, create jobs, and reduce oil dependency," said Jean-Christophe Carret, director of the World Bank's Middle East division. The World Bank also approved for war-torn Syria a USD 146 million grant to help restore reliable, affordable electricity and support the country's economic recovery. It said the Syria Electricity Emergency ...

Justice for homebuyers key, says PM Modi in ₹62,000 cr PRAGATI review

At the 45th PRAGATI meet, PM Modi urged agencies to remove bottlenecks and improve coordination to ensure timely delivery of public infrastructure

Cabinet okays ₹7,052 cr infra projects in Andhra, MP and Maharashtra

Centre clears highway and rail projects including Badvel-Nellore corridor and multitracking lines in MP and Maharashtra aimed at boosting logistics and connectivity

Indian giants L&T, Afcons win big in West Asia's $235 billion infra push

L&T focuses on transport and energy in Saudi Arabia, UAE; Afcons eyes Dubai Sewerage Project and urban tunnels as West Asia's project pipeline booms

J Kumar Infraprojects share price pops 4% as Q4 profit rises 15% YoY

J Kumar Infra share price rose on the back of healthy results in the March quarter of financial year 2025 (Q4FY25).

Elan Group awards Rs 1,100 cr contract to Leighton Asia in Gurugram

Realty firm Elan Group has awarded a contract worth Rs 1,100 crore to Leighton Asia to develop a luxury housing project in Gurugram. Leighton Asia is part of the Australian CIMIC Group. In a statement on Thursday, the company said it awarded the construction contract for its ultra-luxury residential development, 'Elan The Emperor' located in Sector 106, Dwarka Expressway, Gurugram. The project is part of Elan Group's 50 acre, integrated township. The contract covers nearly 5 million sq. ft. of built-up area. Elan Group had earlier awarded contracts worth 1,800 crore to construct other projects. Rakesh Kapoor, Chairman, Elan Group, said, " Partnering with Leighton Asia once again reinforces our commitment to collaborate with the finest global expertise in delivering excellence at every level." Brad Davey, Managing Director, Leighton Asia, said, "With more than two decades of on-the-ground experience in India, Leighton Asia takes pride in setting new benchmarks for quality and ...

Patel Engineering secures two infra projects worth Rs 2,036.89 crore

Infrastructure development company Patel Engineering Ltd on Friday said it has secured two projects worth a total of Rs 2,036.89 crore in Maharashtra and Arunachal Pradesh. In the urban infrastructure segment, Patel Engineering Ltd bagged an order for dam construction and related works in Maharashtra from the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), the company said in a statement. The project is to be executed in a time period of 42 months. Patel Engineering secured another order for a 240 MW hydropower project in Arunachal Pradesh from North Eastern Electric Power Corporation Ltd (NEEPCO), it said. The project is scheduled to be completed within 44 months. The scope of work includes construction of civil and associated infrastructure works, testing and commissioning of hydro-mechanical plant and machinery leading to operation and performance of all the generating units of the hydroelectric project, according to the statement. "The hydropower proje

PioneerUrban Land and Infra to invest Rs 300 cr in senior citizens' project

Realty firm PioneerUrban Land and Infrastructure Ltd will invest Rs 300 crore to develop a luxury housing project for senior citizens in Gurugram. Project Advait is a joint venture with JK Organisation's real estate arm JK Urbanscapes Developers Ltd. The company has received a license under the State's Retirement Policy. The project, spread across 2.6 acres and comprising 164 units, will be developed with an investment of Rs 300 crore. Each apartment is equipped with a centralised air filtration system (TFA unit). Its medical services will be provided by Fortis Hospital, Gurugram, within the project premises. Commenting on the development, Manish Periwal, Chairman and Managing Director, PioneerUrban, said the company has expanded its presence in the senior living space with the launch of this project. "Our investment reaffirms our commitment towards creating exceptional luxurious living spaces. With a strong focus on sustainability, cutting-edge architecture, and resident-centri

BS Manthan: Experts to unpack India's economic reset amid new world order

The two-day BS Manthan event, scheduled for February 27 and 28 at the Taj Palace in New Delhi, marks a milestone as it coincides with the 50th anniversary of Business Standard's publication

Experts call for building digital infra to tap IT talent in small cities

With remote IT work expanding opportunities for professionals in Tier 2 & 3 cities, experts have called for investment in digital infrastructure and upskilling to connect talent with global projects. Experts have also hailed the government's move to set up five National Centres of Excellence for Skilling as a strategic move to align youths' capabilities with the demands of both domestic and international markets. Atul Soneja, Chief Operating Officer, Tech Mahindra, said, "The rise of remote IT work has notably expanded opportunities for professionals in Tier 2 and Tier 3 cities. This shift provides earning potential and promotes inclusive growth." To fully harness this opportunity, it is imperative to invest in robust digital infrastructure, offer continuous skill development programmes, and create platforms connecting talent from these regions with global projects, Soneja said. Ganesh Gopalan, co-founder & CEO, Gnani.ai said that to fully tap talent in small cities, ...

NIIF plans to raise $2 billion private credit fund, India's largest so far

The fund will focus on performing credit, aiming to channel international capital into the Indian economy

Odisha set for golden period of industrial, infra development: CM Majhi

Odisha Chief Minister Mohan Charan Majhi on Sunday said the state is set for an industrial revolution and a golden period for infrastructure development. Majhi said the 'double engine' government will ensure 'double development' of the state. "I firmly believe that with the joint efforts of the Central government and the state government, the next 5 years will be the golden age of infrastructure development for Odisha. There is no doubt that the double engine governments will double the development of Odisha," the CM said while addressing the gathering after unfurling the National flag in Cuttack on the occasion of the 76th Republic Day. Noting that the recent visit of the Singapore President to Odisha and the signing of eight MoUs with the state government is a vivid example towards a big change in the industrial sector, the CM said: "Our government is committed to using the precious mineral resources of the state instead of exporting them and bringing about industrial revolution i

Signature Global buys 16-acre land in Gurugram for Rs 300 crore for project

Real estate company Signature Global has bought a 16.12-acre land in Gurugram for nearly Rs 300 crore to develop a housing project, as it remains bullish on demand for mid-income and premium residential properties. The land is located on Sector 71, Southern Peripheral Road, Gurugram, Haryana. "We have purchased a 16-acre land parcel in Gurugram for the development of a premium housing project," Signature Global Chairman Pradeep Kumar Aggarwal told PTI. He said the total development potential in this project would be around 27-28 lakh square feet area. Asked about the land cost, Aggarwal said the total investment of the purchase of land is nearly Rs 300 crore. He said the company had earlier done a joint development agreement with the landowner but now it has cancelled the same and bought this land parcel outrightly. Aggarwal said the company has bought this land using internal accruals, as the company is generating operating surplus. Signature will continue to look for land parc