Page 2 - Projects

Amazon to make investment of $3 mn in nature-based projects in India

E-commerce major Amazon on Monday said it will make an initial investment of USD 3 million in nature-based projects in India. The allocation is part of the company's USD 15 million fund it has allocated for nature-based projects in Asia Pacific (APAC). "The first USD 3 million from the fund's APAC allocation will support nature-based projects in India. "For its first project, Amazon will be working with the Centre for Wildlife Studies (CWS) to support communities and conservation efforts in the Western Ghats, which is home to more than 30 per cent of all of India's wildlife species, including the world's largest population of wild Asiatic elephants and tigers," the company said in a statement. Amazon will provide USD 1 million to help CWS establish the "Wild Carbon" program, which will support 10,000 farmers in planting and maintaining one million fruit-bearing, timber and medicinal trees, according to the statement. "The Asia-Pacific region is home to vast forests and rich coasta

Patnaik-led Odisha govt approves 9 industrial projects worth Rs 873 crore

Odisha Government's State Level Single Window Clearance Authority (SLSWCA) has approved nine industrial projects worth Rs 873.57 crore, said officials

IRB Infrastructure toll revenue grows 14% to Rs 365 crore in July

IRB Infrastructure Developers Ltd (IRB) on Monday said its revenue from toll collection grew by 14 per cent to Rs 365 crore in July 2023. Toll collection stood at Rs 320 crore in same month last year, IRB said in a statement. Out of the 12 tolls, the IRB MP Expressway Pvt Limited in Maharashtra contributed the major share of Rs 13.49 crore to the total revenue collection, it said. Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Limited, said, "The second quarter too has started on an impressive note. The addition of Nehru ORR, Hyderabad TOT project to the portfolio will further improve the numbers. With this, we expect upward trend in toll collection to continue for remaining Q2 months and rest of FY24 as well." On August 12, IRB Infrastructure Developers (IRB Infra) Ltd announced making an upfront payment of Rs 7,380 crore to Hyderabad Metropolitan Development Authority (HMDA). Post payment, its special purpose vehicle (SPV) -- IRB Golconda Expres

Railway Board accords FLS approval for 140-km-long Zubza-Imphal project

The Railway Board has accorded its approval for the final location survey (FLS) of the 140-km-long new railway line project between Zubza in Nagaland and Manipur's capital Imphal. The Zubza-Imphal project will provide direct connectivity between the two northeastern states, resulting in better railway traffic mobility, a North East Frontier Railway (NFR) release said on Friday. The direct connectivity will reduce time of travel and cost and distance of transportation of materials, giving a major socio-economic boost to the region. Infrastructural development such as new stations, road connectivity and goods yards will lead to overall economic growth of the nearby districts, the release stated. Goods movement will become seamless leading to major cost reduction for existing businesses using freight services, it said. Work for the Dimapur-Kohima new railway line project from Dhansiri station of Assam to Zubza adjacent to Kohima is also in progress. Also, work on the Jiribam-Imphal

CIL to pump in Rs 91K cr on diversification, projects by FY26: P M Prasad

Domestic coal major Coal India Ltd (CIL) will pump in Rs 91,000 crore in various projects, including diversification and mine development, by 2025-26, P M Prasad, chairman and managing director of CIL-arm Central Coalfields Ltd (CCL) said on Thursday. The Public Enterprises Selection Board (PESB) on Wednesday recommended the name of Prasad for the post of Chairman and Managing Director (CMD) of Coal India. "Rs 91,000 crore will be spent on diversification and other projects put together ... These will be pumped in till 2025-26," Prasad told PTI in an interview post his selection to head the coal behemoth. He said a sum of Rs 36,000 crore will be spent on coal gasification projects while another Rs 46,000 crore will be pumped-in mining developers cum operators (MDOs) and other contracts. The remaining amount will be spent on various other projects. CIL has already identified 15 greenfield projects having a total project-rated capacity (PRC) of 168.58 million tonnes (MT) per annum fo

E-monitoring of govt projects worth over Rs 10 cr mandatory: Delhi govt

Days after Lt Governor VK Saxena directed for signing of "integrity pact" for projects worth more than Rs 10 crore, the Delhi government has made it mandatory for their monitoring through an app and tying bill payments on timely updates of progress of all such projects and work, officials said Friday. "No payment will be released if progress is not updated on the fortnightly basis for each project," stated a Finance department document. All projects worth more than Rs 10 crore will be monitored through the e-monitoring mobile app and it will be mandatory for the heads of departments concerned to ensure that all such projects are logged timely into the app," said the order issued Thursday. According to the document, drawing and disbursing officers (DDO) and pay and accounts officers (PAOs) will be "personally responsible" to ensure this and will accept bills only if accompanied with a copy of status report generated from the e-monitoring mobile app. The departments and agencies of t

Credai, Indian Green Building Council to erect 4,000 projects by 2030

Tie-up to add over 400,000 green housing units across the country, all certified by IGBC

PM Modi inaugurates slew of projects in Tamil Nadu, Telangana during visit

The projects in Telangana include laying the foundation stone of AIIMS Bibinagar, five National Highway projects and the redevelopment of Secunderabad Railway Station

New projects hit Rs 12.3 trillion in March quarter on large orders

Analysts say slowing growth globally may limit future investments

Karnataka gives nod to 59 industrial projects worth Rs 3,455.39 crore

The Karnataka State Industries and Commerce Department has cleared 59 investment proposals worth Rs 3,455.39 crore, promising 18,567 jobs. The 137th meeting of the State-level single-window clearance committee (SLSWCC), led by the State Large and Medium-Scale Industries Minister Murugesh Nirani, took the decision to this effect, said a statement from the office of the Minister said. The statement said the committee approved 11 large- and medium-size industrial projects with investments of more than Rs 50 crore. The projects worth Rs 2,186.70 crore are expected to create employment opportunities for 10,559 people in the State. Further, 46 new projects with investments of more than Rs 15 crore and less than Rs 50 crore were also cleared. The projects worth Rs 1,049.19 crore would generate jobs for 8,008 people. Two projects of additional investment have also been approved which would entail an investment of Rs 219.50 crore and generate employment opportunities, the statement read.

Telangana seeks funds in Union Budget for various industrial projects

Telangana's Minister for Industries and IT, K T Rama Rao, said that the upcoming Union Budget 2023-24 is the right occasion for the Centre to show its commitment to the development of the state

Pakistan to seek US help to secure $13 bn loans at Geneva meet for projects

Over two dozen infrastructure projects worth $13 billion will be shared that have been cleared by relevant and competent forums and are ready to be invested in at any time

Question mark over fate of central govt projects in Congress-ruled Himachal

The gears of state development appear to be grinding to almost a halt over politics that is getting bad, remarked a newly elected Congress legislator

Silos are yet to be broken to expeditiously deliver projects and policies

Lack of coordination between depts and ministries within the govt on the one hand, and between the Centre and the states on the other, has proved to be a hurdle

Project reports for new freight corridors to be ready by Dec: R K Jain

In a Q&A, Dedicated Freight Corridor Corporation of India MD R. K. Jain speaks about the timeline of the projects and the larger plan to build a countrywide freight corridor network

NaBFID to fund projects in Rs 6 trillion asset monetisation pipeline

Bank to begin work in Q1FY23; asset monetisation will free up resources that will come back to industry

Gadkari to inaugurate underpass, lay foundation stones worth Rs 1,406 cr

Union Minister of Road Transport and Highways Nitin Gadkari will lay foundation stone of various projects worth over Rs 1,406 crore and inaugurate a four-lane underpass on NH-48 in the NCR.

Compare builder agreement with your state's model deal: Analysts

Beware of broad definitions of force majeure clause

Omicron overhang: New projects drop for second straight quarter

Meanwhile, the value of completed projects went up for the second quarter in a row to Rs 1.4 trillion from Rs 1.15 trillion

PM Modi to gift 65 new projects worth over Rs 421 crore to Varanasi

Prime Minister Narendra Modi is all set to gift 65 new projects worth Rs 421.54 crore to the people of Varanasi, which is his parliamentary constituency, on his next visit to the holy city