Deloitte projects Indian economy to grow 7-7.2% in FY25
RInfra to invest Rs 100 Bn in Maharashtra defence project
The Anil Ambani family-owned Reliance Infrastructure has announced plans to invest Rs 100 billion over the next decade to create India’s largest integrated manufacturing facility for explosives, ammunition, and small arms in Ratnagiri, Maharashtra. The company stated that it had been allocated 1,000 acres in the Watad industrial area for developing the Dhirubhai Ambani Defence City (DADC). According to Reliance Infrastructure, this new export-oriented project will represent the largest Greenfield defence initiative in India by a private sector entity. The company further highlighted that, t..
RITES shares in focus after securing Rs 4.54 Bn turnkey contract
Shares of RITES have garnered attention following the company’s announcement that its previously awarded project management consultancy (PMC) contract from the Karnataka Mining Environment Restoration Corporation (KMERC) has now been converted to a turnkey contract. The company informed the exchange that the order, initially granted on a PMC basis for the construction of two railway private freight terminals (PFTs) at Dharmapura and Susheel Nagar in Ballari District under the Comprehensive Environment Plan for Mining Impact Zone (CEPMIZ), has been converted to a turnkey arrangement. The proj..
REPL bags order from TN government
Rudrabhishek Enterprises Ltd (REPL), a consultancy specialising in urban development and infrastructure, has announced that it has received a work order from the Tamil Nadu government to create GIS-based master plans for 12 Urban Local Bodies (ULBs). Listed on the National Stock Exchange (NSE), REPL stated that the Directorate of Town and Country Planning (DTCP) under the Tamil Nadu government had appointed the company to undertake this project as part of the AMRUT 2.0 Sub-Scheme. According to REPL, this assignment aligns with the Tamil Nadu government's strategic commitment to fostering plan..