PROJECTS WORTH RS 21400 CRORE
Godrej Properties buys 7-acre land in Bengaluru to build housing project worth Rs 1,200 cr
Godrej Properties has acquired a 7-acre land in Thanisandra, North Bengaluru, for developing a luxury housing project. The project is expected to yield around 9 lakh square feet of residential space, with an estimated revenue of Rs 1,200 crore. In a separate development, the company will also develop an 11-acre land parcel in Hinjewadi, Pune, focusing on group housing and high street retail, with a projected revenue of approximately Rs 1,800 crore.
Bharat Electronics Limited receives orders worth Rs 3,172 crore
BEL signed a Rs 3,172 crore contract with AVNL for Indian Army's BMP 2/2K tanks upgrade with indigenously designed system. Orders worth Rs 481 crore, including doppler weather radar, were secured. The accumulated orders this year are Rs 4,803 crore.
Odisha govt approves renewable energy projects worth Rs 903 Cr
The panel approved the proposal of HPCL Renewable & Green Energy Ltd to set up a 48-MW wind energy project at Umerkote in Nabarangpur district, while ONGC Tripura Power Company Ltd got the go-ahead to develop a 49.5-MW wind energy project in Astaranga in Puri district, the statement said.
PM GatiShakti: Eight infra projects worth ₹13,000 crore evaluated
During the meeting, all projects were evaluated for their integrated planning and conformity with the PM GatiShakti principles. Emphasis was placed on the socio-economic benefits, improved connectivity, reduced transit costs and enhanced efficiency. The railways project, from Manmad to Jalgaon, involved an estimated investment of Rs 2,594 crore. The other project (from Bhusawal to Burhanpur) involve investments of Rs 3,285 crore.
Bihar government cancels contracts worth Rs 826 crore awarded during 'Mahagathbandhan' regime
The NDA government in Bihar has cancelled 350 contracts worth Rs 826 crore awarded during the previous RJD-led 'Mahagathbandhan' government due to irregularities in selecting contractors for rural water supply projects. The Public Health Engineering Department uncovered discrepancies and initiated a thorough probe. RJD leaders criticised the cancellations, claiming the NDA is intimidated by the success of the previous government's welfare initiatives.
Kalpataru Projects International bags orders worth Rs 2,333 crore
Kalpataru Projects International (KPIL) announced on Tuesday securing Rs 2,333 crore in new orders. These include Transmission & Distribution (T&D) projects in India and abroad, an EPC contract for a metal industry plant, and a residential building project in India. CEO Manish Mohnot highlighted the strong growth outlook for their T&D and Building & Factories segments.
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Govt approves transmission projects worth Rs 13,595 cr
The government approved two interstate transmission system projects costing ₹13,595 crore on Saturday to facilitate the evacuation of 9 GW of renewable energy from Rajasthan and Karnataka. These projects, part of the target to achieve 500 GW of renewable energy capacity by 2030, will be implemented through tariff-based competitive bidding.
PM Modi to inaugurate, lay foundation stone of multiple development projects worth over Rs 1500 cr in J-K today
Prime Minister Narendra Modi will inaugurate and lay the foundation stone for 84 major developmental projects worth over Rs 1500 crore in Jammu and Kashmir. Projects include road infrastructure, water supply schemes, and higher education facilities. He will also launch the JKCIP Project worth Rs 1800 crore to benefit 300,000 households. During the visit, PM Modi will attend the 'Empowering Youth, Transforming J&K' event and distribute appointment letters to 2000 new government employees. Enhanced security measures are in place for the visit.
Cabinet approves Vadhavan Port project worth over Rs 76,000 crore in Maharashtra
The Cabinet led by Prime Minister Narendra Modi has approved the construction of a new deep draft port at Vadhavan in Maharashtra, costing Rs 76,200 crore. Upon completion, this port, valued at Rs 76,200 crore, will rank among the world's top 10 ports. The project will be executed by Vadhavan Port Project Limited (VPPL), a special purpose vehicle (SPV) jointly formed by the Jawaharlal Nehru Port Authority (JNPA) and the Maharashtra Maritime Board (MMB), holding 74% and 26% shares respectively, according to an official statement.
PM GatiShakti: 3 infra projects worth Rs 6,000 cr evaluated
The MoR project pertains to Gudur-Renigunta Third Rail Line in Andhra Pradesh for the construction of a third rail line between Gudur and Renigunta stations in Andhra Pradesh’s Tirupati district involves an 83.17 km line aimed at enhancing the capacity of the existing double line.
KPI Green Engineering bags orders worth Rs 351 cr
KPI Green Engineering secures Rs 351.35 crore orders for railway track fencing crash barriers, solar projects, and electricity transmission line towers.
Power Mech Projects bags order worth Rs 563 crore to construct nuclear power plant from BHEL
Power Mech Projects announced securing a Rs 563 crore order from BHEL to build a nuclear power plant at Kaiga Atomic Power Project, marking its entry into the critical nuclear sector. The project will cover various civil, structural, and architectural works for units 5 and 6, contributing to India's sustainable energy goals.
RSIIL bags two projects worth Rs 4,900 crore from MSRDC to develop connecting Pune
Roadway Solutions India Infra Ltd has won two infrastructure projects totaling Rs 4,900 crore from MSRDC. The projects are to enhance connectivity around Pune. The company is the lowest bidder for the Access Controlled Pune Ring Road project valued at Rs 2,251 crore, and the Expressway Connector project from Jalna to Nanded. These contracts have boosted the company's order book to over Rs 11,000 crore, expanding on the ongoing work on the Vadodara Mumbai Expressway.
Godrej Properties sold homes worth Rs 2,000 crore in Noida project
Sector 146 is a prominent upcoming residential corridor in Noida. The area provides good connectivity to the upcoming Jewar Airport, as well as to the metro station, Noida- Greater Noida Expressway and Yamuna Expressway.
Godrej Properties acquires 10 land parcels in FY24 to build Rs 21,000 crore worth projects
Godrej Properties acquired 10 land parcels worth over Rs 21,000 crore last fiscal to build projects. The company aims to buy more parcels generating Rs 20,000 crore sales bookings this fiscal. It plans to launch projects worth Rs 30,000 crore to achieve 20% growth in sales. Quarterly profits rose by 14%.
Signature Global to launch projects worth Rs 16,000 crore in FY25: Chairman Pradeep Kumar Aggarwal
Realty developer Signature Global aims for Rs 10,000 crore pre-sales in FY25 and to be debt-free by 2026. The company reported 112% growth in pre-sales to Rs 7,720 crore for FY24, exceeding guidance. With launches worth Rs 16,000 crore planned for the fiscal, they are actively seeking acquisitions and expanding their portfolio.
Narayana Health acquires 1.2 acres in Bengaluru for Rs 169 crore
Narayana Health acquires 1.2 acres of Bengaluru land for Rs 169 crore, as per Propstack data. The property, in Begur Hobli, south Bengaluru, was sold by Venture Projects Bangalore Pvt Ltd. Founded by heart surgeon Devi Shetty, Narayana Health operates 18 hospitals in India and abroad. Bengaluru sees rising luxury property transactions amid growing wealth.
DLF sells apartments worth Rs 5,590 crore within days of launch
Luxury segment housing (apartment priced Rs 4 crore and above) has recorded 10% Y-o-Y growth in Jan-Mar 24 across the top seven cities, with Mumbai witnessing highest number of sales with more than 1,300 luxury units in Q1 2024.
NBCC bags contracts worth Rs 450 crore in Chhattisgarh, Kerala
NBCC obtained Rs 450 crore contracts from the Supreme Court's Receiver for projects in Chhattisgarh and Kerala. ASPIRE aims to complete 38,000 flats. R Venkataramani is involved. The contracts were disclosed in a regulatory filing.
Kalpataru Projects International, arms bag orders worth Rs 2,071 crore
KPIL's order intake (including LOAs/LOIs) in the current financial year stands at a record high of Rs 30,000 crore including some large and strategic order wins in T&D, B&F, Oil & Gas, and Urban Infra business, he added.
Power Grid to form JV for transmission projects worth Rs 10k cr in Rajasthan
The proposed JV shall undertake the projects in Rajasthan in a phased manner, a BSE filing by Power Grid Corporation of India stated. The Memorandum of Understanding (MoU) was signed on March 10, 2024. According to the filing, Power Grid will have 74 per cent stake in the JV while RRVPNL will have 26 per cent stake.
PM Modi dedicates projects worth over Rs 55,600 crore to six North Eastern states
Prime Minister Narendra Modi attended the 'Viksit Bharat, Viksit Northeast' programme at Itanagar, Arunachal Pradesh and virtually inaugurated and laid the foundation stone for multiple development projects worth Rs 55,600 crore in 6 North Eastern States, including Tripura and Northeast.
Karnataka govt approves projects worth Rs 17,835 crore
The Karnataka government approved six new projects and eight additional investment proposals, totaling Rs 17,835.9 crore. These projects are expected to create around 27,000 jobs in the state. The State High-Level Clearance Committee, chaired by Chief Minister Siddaramaiah, approved projects worth Rs 8,220.05 crore and additional investments worth Rs 9,615.85 crore. Major proposals include Wistron Infocomm Manufacturing India's Rs 2,095 crore investment, expected to generate 21,723 jobs.
PM Modi inaugurates development projects worth over Rs 6,400 crore in Kashmir
The prime minister also launched the 'Dekho Apna Desh People's Choice Tourist Destination Poll' and 'Chalo India Global Diaspora Campaign', and announced tourist destinations selected under Challenge Based Destination Development (CBDD) Scheme, they said.
PM Modi launches development projects worth over Rs 19,500 crore in Odisha
Prime Minister Narendra Modi launched development projects worth over Rs 19,600 crore in Odisha's Jajpur district. The projects span various sectors, including Oil & Gas, Railways, Road, Transport & Highways, and Atomic Energy. Modi highlighted the government's commitment to the development of eastern India and emphasized working for the present and future to achieve a "Viksit Bharat" (developed India).
PM Modi unveils development projects worth Rs 21,400 crore in Bihar's Aurangabad
Prime Minister Narendra Modi unveiled development projects worth Rs 21,400 crore in Bihar's Aurangabad district. CM Nitish Kumar, Governor Rajendra V Arlekar, Deputy CMs Samat Chaudhary and Vijay Kumar Sinha, and Union ministers were present. Projects include national highways, a bridge over Ganga, railway projects, sewerage treatment plants, Unity Mall in Patna, and boost to 'One District, One Product' project.
I will remain with NDA forever, Bihar CM Nitish Kumar assures PM
Bihar Chief Minister Nitish Kumar has pledged to remain with the BJP-led National Democratic Alliance (NDA) forever, despite his previous departure from the NDA. Kumar, who previously supported the RJD-led Mahagathbandhan, expressed confidence in the NDA's chances of winning over 400 seats in the upcoming Lok Sabha polls. He also praised the progress made in Bihar, stating that the government will make Bihar feel economically more empowered.
PM Modi unveils projects worth Rs 15,000 crore in West Bengal
Prime Minister Narendra Modi unveiled development projects worth Rs 15,000 crore in West Bengal, including power stations, road projects, and rail projects. These initiatives aim to boost West Bengal's economic growth and create job opportunities.
Torrent Power gets new round-the clock RE project worth Rs 2,700 cr
Torrent Power receives a Letter of Award for a grid-connected renewable power project from Railway Energy Management Company Ltd. The project, costing approximately Rs 2,700 crore, will be commissioned within 24 months. It will include 325 MW of renewable capacity (wind, solar, and battery storage) for supply of 100 MW RE-RTC power.
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