Cement volume set to rise to 450MT by FY25 with rising infrastructure

Goa: Congress' Girish Chodankar Alleges Major Land Conversion Scam

A senior minister in the Goa government has been accused of involvement in a large-scale scam related to land classification. Allegations suggest that substantial bribes, amounting to billion, were collected to facilitate the removal of land from private forest classifications. Reports indicate that landowners paid over Rs 1,000 per square meter to have their properties reclassified. The controversy intensified following judicial rulings that halted the sale of private forests and nullified changes made under Section 17(2) of the land conversion law. These decisions have reportedly created c..

New Survey Revives Hopes for an Airport in North Telangana

The Basantnagar mini airport was initially constructed by Kesoram Cement Factory, featuring an airstrip intended for Vayudoot planes. However, the facility ceased operations when Vayudoot services were discontinued. In August 2017, under the UDAN regional connectivity scheme, efforts were made to revive the airport. A district-level survey was conducted that same year, identifying an additional 600 acres of land, including forest, government, and some private land in Kurmapalli, to expand the existing mini airport area. Following the survey, the state government submitted proposals for the..

IndiGo's Parent Firm Approves $45 Mn Investment in IFSC Unit

InterGlobe Aviation, the parent company of IndiGo, has announced an investment of up to $45 million in its subsidiary, InterGlobe Aviation Financial Services IFSC. The decision was approved during the company’s board meeting. The investment, amounting to approximately Rs 3,940 million, will be made in one or more tranches. According to regulatory filings, the allocated funds will be used to finance aviation assets, repay existing loans, and support other corporate activities of the subsidiary. InterGlobe Aviation Financial Services IFSC was established in October 2023 and specialises in ..