Realty firm Signature Global, which is into development of affordable homes, will invest Rs 500 crore to develop two housing projects in Gurgaon as the company expects better demand after the government announced an interest subsidy under the Pradhan Mantri Awaas Yojna.
Author: admin (Infratructure Today)
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Gadkari promises more roads worth Rs 50,000 crore to Arunachal Pradesh
Union Minister for Road Transport and Highways Nitin Gadkari has promised more road projects worth Rs 50,000 crore to Arunachal Pradesh that will include a 1841-km frontier highway along the stateÂ’s international boundary with China.
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NHAI eyeing 5,000-5,200 km of projects by the end of fiscal
The National Highways Authority of India (NHAI) plans to award 10-15 per cent more projects this year compared to FY16, said Yudhvir Singh Malik, Chairman of NHAI. Malik said he is looking at awarding closer to 5,000-5,200 kilometres of projects by the end of the fiscal year.
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STFI, IGCC team up for “Solar Payback” project
The Solar Thermal Federation of India (STFI) and the Indo-German Chamber of Commerce (IGCC) have teamed up for the international ‘Solar Payback’ project, which aims to increase the use of solar thermal energy in industrial processes. The Kick-Off Meeting took place in Mumbai on 16 December 2016.
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Airbus France to set up aerospace cluster at Dholera
Airbus France has signed a memorandum of understanding (MoU) with Gujarat government's Dholera Industrial City Development Ltd (DICDL) for setting up an aerospace and defence cluster at Dholera special investment region near Ahmedabad.
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Mahindra Lifespace to develop Rs 3,000 crore industrial park in Gujarat
Mahindra groupÂ’s realty firm Mahindra Lifespace Developers has announced its foray in Gujarat and will develop a 350-acre industrial park near Ahmedabad that could entail an investment of Rs 3,000 crore from the company.
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Adani Ports to develop phase-III of Mundra Port for Rs 6,000 crore
Adani Ports and SEZ Ltd will invest Rs 6,000 crore for the development of the third phase of Mundra Port.
The upcoming capacity expansion of Mundra Port, touted as one of the top multi-purpose ports in the country in terms of traffic, would lead to employment generation for 600 people, sources said.
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Goyal wants regulators to work with policymakers
Union Power minister Piyush Goyal said the impact on growth due to demonetisation was “temporary” and assured that “buoyancy would return” to the Indian economy soon.
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Indian Railways to invest Rs 1,000 crore on new tracks beyond Agartala
The Northeast Frontier Railway (NFR) has invested around Rs 1,000 crore to extend the railway line beyond TripuraÂ’s capital Agartala and up to the state's southern temple city Udaipur, a top official has said.
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Tata Power Renewable Energy commissions 2 projects in TN and AP
Tata Power Renewable Energy Ltd has announced commissioning of a 36 MW wind power plant at Nimbagallu in Andhra Pradesh and a 49 MW solar plant at Kayathar, Tamil Nadu.