The Mumbai Metropolitan Region Development Authority (MMRDA) has shortlisted 29 contractors for the three packages of the 22-km Mumbai Trans-Harbour Link (MTHL). The authority has shortlisted seven contractors each for the first two packages and 15 for the third package.
Author: admin (Infratructure Today)
Post
Post
Housing market sales down 44percent in Oct-Dec 2016
The housing market came to a “complete standstill” during October-December 2016 on the adverse impact of demonetisation, as sales fell by 44 per cent in the eight top cities, the lowest figure reported since 2010.
This resulted in a Rs 22,600 crore revenue loss to the builders, according to Knight Frank.
Post
Tamil Nadu joins UDAY, ‘Power for All’ gets a boost
The Ministry of Power has signed an MoU for Ujwal DISCOM Assurance Yojana (UDAY) with Tamil Nadu in New Delhi, on 9 January, 2017. With the signing of the ‘24x7 Power For All (PFA)’ roadmap document with the state, the roadmap for all the 28 states, except one, and all the seven Union Territories in the country has now been finalised and is under implementation.
Post
Government to fund up to 60percent R and D cost for e-vehicles
The government has decided to fund up to 60 per cent of the R&D cost for developing indigenous low-cost electric technology that will help power two-, three-wheelers and commercial vehicles operating in public spaces, a move aimed at reducing pollution.
Post
REITs, InvITs may help to raise Rs 50,000 crore
Real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) can help raise close to Rs 50,000 crore in the near-term, given certain playersÂ’ interest in the infra and real estate space, according to a report.
Post
Govt extends Navi Mumbai airport bids
The City and Industrial and Development Corporation (CIDCO) has extended the deadline for submission of Navi Mumbai airport project bids by a fortnight after it attracted only one bidder — GVK group. GVK will also have an opportunity to revise its offer if it so wishes.
Post
Engineers India bags orders worth Rs 2,500 crore from HPCL
Engineers India has bagged orders from HPCL for execution of the Vizag Refinery Modernisation Project (VRMP). EIL will execute the project contract under two separate contracts, PMC Services for major Process Units and packages under U&O and Execution of U&O and PRU Revamp on Open Book Estimate (OBE) Basis.
Post
Jal Manthan –III to address water sector issues
With a view to have wider consultations among various stakeholders to brainstorm new ideas for solutions to various issues of the water sector the Ministry of Water Resources, River Development and Ganga Rejuvenation has organised the third national conference called “Jal Manthan-III” on January 13, 2017 in New Delhi.
Post
ABB wins Rs 4,350 crore deal for long distance power transmission link
ABB has teamed up with Power Grid Corporation of India Limited in a mega project worth over Rs 4,350 crore for ABB to deliver a transmission link that will have the capacity to bring reliable electricity to more than 80 million people. The Raigarh-Pugalur 800 kilovolt (kV) ultrahigh-voltage direct current (UHVDC) system will connect Raigarh in Central India to Pugalur in Tamil Nadu.
Post
Air IndiaÂ’s operational losses down 70percent to Rs 161 crore
IndiaÂ’s national carrier has continued to improve its financial performance, reducing operational losses by 70 per cent to Rs 161 crore for the first nine months of the current fiscal year, aided by higher ancillary revenues and higher contribution from subsidiaries.