Saudi Energy Booster
ECONOMY & POLICY

Saudi Energy Booster

Manish Mohnot, CEO and Managing Director, Kalpataru Projects International (KPIL), heads one of India’s largest engineering, procurement, and construction (EPC) companies which has signed a major EPC contract worth Rs.75.5 billion for the pivotal Mast...

Manish Mohnot, CEO and Managing Director, Kalpataru Projects International (KPIL), heads one of India’s largest engineering, procurement, and construction (EPC) companies which has signed a major EPC contract worth Rs.75.5 billion for the pivotal Master Gas System Network (MGS-3) with Saudi oil giant Aramco, which will fortify Kalpataru’s order book profile and propel its oil and gas business towards a robust global growth trajectory in future. This expansion of the network is expected to enhance its ability to meet the growing energy demand of the global natural gas market. The scope of the contract encompasses laying over 800 km of gas pipelines which is anticipated to bolster the capacity to meet the burgeoning energy demand in Saudi Arabia and phase out the combustion of liquid fuels, aligned with its push towards a diversified energy mix.

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Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

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Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

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Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

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