Page 16 - Infrastructure

Infra companies among top electoral bond donors: Election Commission

Cement majors donated Rs 233 crore; in mining and metals, Vedanta, Aditya Birla Group also figure among top 10

REC Power, BHEL to develop utility-scale renewable energy projects

REC Power Development and Consultancy and BHEL on Friday inked an initial pact to form a special purpose vehicle (SPV) for developing utility-scale renewable energy projects. Renewable energy projects of 10 MW or more are referred as utility-scale projects. REC Power Development and Consultancy Limited (RECPDCL) is a wholly owned subsidiary of state-owned REC Ltd. The SPV will be benefitted by the core engineering expertise of BHEL and infrastructure investment expertise of REC, a statement said. It will focus on catering to the energy requirement of commercial and industrial (C&I) segment with initial capacity of 1 GW which would be scaled further. "This collaboration brings together our extensive experience in the renewable energy sector with BHEL's proven expertise in manufacturing and engineering. This SPV will play a crucial role in achieving India's ambitious renewable energy targets and contribute to a cleaner and greener future," REC Chairman and Managing Director Vivek .

JSW Infrastructure incorporates arm to execute project at JNPT in Maha

JSW Infrastructure on Wednesday said it has incorporated a wholly-owned subsidiary for the execution of a port project at JNPT in Maharashtra. JSW JNPT Liquid Terminal Pvt Ltd has been incorporated on March 13, in Mumbai, according to a regulatory filing. The company said it has received a Letter of Intent (LoI) from Jawaharlal Nehru Port Authority for equipping, operation, maintenance and transfer of additional liquid cargo berths LB3 and LB4 at the port. The terms of LoI require the incorporation of a special purpose vehicle to enter into a concession agreement within 30 days of the issue of LoI. "Accordingly, the company has incorporated a new entity for the purpose of entering into the said concession agreement and to fulfil the obligations as stated in the said agreement," JSW Infrastructure said.

Mumbai gets its first coastal road, to open for people on Tuesday

Currently the 10.5 km long road will be open for traffic only on weekdays from 8 am to 8 pm

PM lays foundation stones of road projects in Gujarat costing Rs 1,500 cr

Prime Minister Narendra Modi on Monday virtually laid the foundation stones of three highway projects costing Rs 1,575 crore in Gujarat at an event held in Gurugram in Haryana. Among the three projects is the construction of a six-lane elevated corridor of 10.630 km from Narol Junction to Sarkhej Junction and an 8-lane bridge to replace the existing Shastri bridge on Sabarmati river on National Highway-47 in Ahmedabad at a cost of Rs 1,295 crore, a government release said. "National Highway-47 from Narol to Sarkhej passes through Ahmedabad Municipal Corporation limits. The elevated corridor will help solve traffic problems and blackspots created due to cross traffic that causes accidents," the release said. A second project of converting two-lane National Highway-58 to four-lane on a 23-kilometre stretch from Satlasana to Kheralu has been sanctioned, the release added. "This 23 km road is currently two-lane and connects to four-lane roads on both sides. The entire route will ...

REC to finance power, infra projects worth Rs 1.20 trillion in Rajasthan

Government-owned power sector financier REC Ltd on Monday said it has signed an agreement with the Rajasthan government to provide up to Rs 1.2 lakh crore in six years for power and infrastructure related projects. REC Ltd, under the power ministry, has signed an agreement with the government of Rajasthan on March 10, according to a statement. As per the agreement, REC will finance up to Rs 20,000 crore per annum for a period of six years projects across power and non-power infrastructure sectors. Vivek Kumar Dewangan, CMD, REC Ltd, said in the statement, "We are proud to collaborate with the government of Rajasthan in its mission to enhance infrastructure development across the state. Through this partnership, we aim to support sustainable growth and address the evolving energy needs of the region along with development of other infrastructure sectors." Under this agreement, REC will provide loans of up to Rs 20,000 crore annually for the next six years to various departments, ...

Speed of infra development will be accelerated manifold in 5 yrs: PM Modi

Prime Minister Narendra Modi on Monday said the speed of implementation of infrastructure projects will be accelerated manifold in the next five years to make India the third largest economy in the world. Modi said he has inaugurated and laid the foundation of projects worth Rs 10 lakh crore so far this calendar year and added that he is running short of time for inaugurating projects. He was addressing a gathering after inaugurating and laying the foundation stone for 114 National Highway projects across the country worth about Rs 1 lakh crore. Among key National Highway (NH) projects, Modi inaugurated the Haryana section of the landmark Dwarka Expressway. Modi took a dig at Congress, saying the opposition party and its 'Ghamandiya' alliance has lost sleep, seeing the speed at which development works are taking place in the country by his government. The prime minister said the Congress party is still looking at everything with negativity and this has become a character of the ..

Govt unlocks infrastructure blitz before 2024 Lok Sabha elections

PM launches projects worth Rs 2.3 trillion in a week; more lined up

CM Sarma unveils infrastructure projects worth Rs 1,700 crore in Assam

Assam Chief Minister Himanta Biswa Sarma on Sunday launched various infrastructure development projects worth nearly Rs 1,700 crore in Sonitpur and Baksa districts, including a 50-MW solar power plant. Unveiling the projects as part of the ongoing 'Vikas Yatra', Sarma said these will improve the entire region's education, health and energy infrastructure. In Sonitpur, he dedicated various welfare projects to the tune of Rs 1,370 crore, and in Baksa, the amount was Rs 308 crore. Sarma laid the foundation of the 50-MW solar plant in Sonitpur, to be developed at an investment of Rs 300 crore. The plant, spread over an area of 864 bighas (nearly 286 acres), will come up at Barchalla. "With this, just in the last seven days, Assam has laid the groundwork of generating 130 MW of solar power. To make the state a green energy hub, we aim to produce 3,000 MW of 'Surya Shakti' by 2028," Sarma said. The chief minister also inaugurated the state government's first model residential school in

PM inaugurates, lays foundation of projects worth Rs 8,500 cr in Tripura

Prime Minister Narendra Modi on Saturday virtually inaugurated and laid the foundation of projects worth Rs 8,534 crore in Tripura, including an integrated check-post at Sabroom along the India-Bangladesh border. The projects inaugurated by the PM include the Rs 250-cr ICP and tap water connection to 1.46 lakh people of the state at Rs 732.98 crore. Modi also inaugurated Eklavya Model Residential Schools at Rupaichari and Karbook in South Tripura district at Rs 48 crore and four new schools at Rs 10 crore. Several road projects were also inaugurated by him, including the upgradation of various stretches of national highways passing through the state. He also laid the foundation of Western Bypass for Agartala at Rs 2,026 crore, 200-bed maternal and child health wing of Agartala Government Medical College at Rs 192 crore, among other projects. On the occasion, Chief Minister Manik Saha, while addressing a programme at Sabroom in South Tripura district, said that Northeast is witness

PM Modi unveils infra projects worth Rs 4,500 cr in northern West Bengal

Prime Minister Narendra Modi unveiled infrastructure projects worth more than Rs 4,500 crore in northern West Bengal on Saturday. The PM unveiled the projects at a programme in Siliguri, the region's largest city, during his third visit to the state this month. Governor CV Ananda Bose was among those present at the programme. Addressing the function, Modi said eastern India was ignored after Independence but his government considers it as the growth engine of the country. "Over the last 10 years, the development of Bengal, especially North Bengal, has been a priority for our government," he said. The PM inaugurated multiple projects of railway line electrification that will benefit the people of northern West Bengal and nearby areas, an official statement said. These railway lines are the Eklakhi-Balurghat section, Barsoi-Radhikapur section, Raninagar Jalpaiguri-Haldibari section, Siliguri-Aluabari section via Bagdogra, and the SiliguriSivokAlipurduar JunctionSamuktala section, it

Valley breathing freely and tourism flourishing: PM Modi in Kashmir

Prime Minister Narendra Modi on Thursday said while he has a roadmap for the development of the country for the next 25 years, the opposition only has "anger and abuses" to offer and no solutions. Addressing a conclave organised by Republic TV, Modi highlighted the speed and scale of the work done by his government so far and said in the last 75 days, he has laid the foundation stone or dedicated to the nation projects worth Rs 9 lakh crore. "I have a roadmap for the development of the country for the next 25 years. But on the other side (opposition), there is only anger, abuses and disappointment. They neither have any issue to raise nor any solution to offer," the prime minister said. Modi said this decade is for strengthening the foundation of a capable and a developed India. This decade will be of India's high-speed connectivity, high-speed mobility and high-speed prosperity, he said. He said people of the country are "seeing and feeling" the scale and speed of his government's

Mauritius deepens India's naval reach

With the Maldives veering towards China, Mauritius is emerging as a decisive factor in ensuring India's dominance in the Indian Ocean Region

ED marches on at a stronger footing with better infrastructure, resources

Investigative agency pivots to manpower capabilities and specialised skills

Axis Bank set to tap infrastructure bond market after 2 years: Report

Infrastructure bonds are issued to finance long-term development projects

Viksit Bharat 2047: Northeast India as logistics gateway to Southeast Asia

The govt's focus on developing logistics infrastructure in the Northeast region (NER) marks a significant step towards unlocking the region's economic potential and promoting inclusive growth

CM Adityanath announces 48 infrastructure projects worth over Rs 1,000 cr

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday either inaugurated or laid the foundation of 48 development projects worth Rs 1,006 crore involving construction of highways and houses. "We have delivered what we promised, and we will continue to fulfil what we commit," the CM said on the occasion. Adityanath laid the foundation of 35 projects worth more than Rs 954 crore and inaugurated 13 projects worth over Rs 52 crore. The projects include flood protection measures, construction of flyovers, roads, drainage system, residential and non-residential buildings in police training schools, shifting of MSEB offices, and tourism development works, among others. "Today the country is progressing rapidly, advancing in every sector. Security, economic prosperity, respect for faith, livelihoods, every sector is witnessing the vision of New India, which is elevating India's strength. "Uttar Pradesh has seen rapid development akin to the nation's progress, and people's perception ..

Tripura FM presents Rs 27,804 cr budget focusing on infra, jobs creation

Tripura Finance Minister Pranajit Singha Roy on Friday presented a Rs 27,804.67-crore budget for the 2024-25 fiscal, and asserted that the government is focused on infrastructure building to generate more job opportunities in the northeastern state. Roy said Rs 6,633.80 crore has been earmarked for capital expenditure, while Rs 1721.94 crore was allocated for the agriculture sector. "During 2022-23, the Gross State Domestic Product (GSDP) grew at around 8.89 per cent against 7.20 per cent growth at the national level. The GSDP growth for 2024-25 is estimated to be 8.47 per cent," the minister said. A total of Rs 2,000 crore will be spent for road infrastructure in all the 60 assembly constituencies over the next four years, according to the budget. "The state government will provide Rs 698.68 crore to the Tripura Tribal Areas Autonomous District Council (TTAADC)... Besides, we are setting aside 39.93 per cent of the total development allocation for welfare of indigenous people, he

Delhi Airport set to reach 100 million capacity with new terminal

Budget carriers IndiGo, SpiceJet, and Akasa are expected to relocate their domestic operations to Terminal 1

Elections, manifestos, and the infra agenda

Manifestos should clearly indicate the thrust areas planned to be addressed