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Edelweiss Financial makes Rs 1.7 Bn exit from Andheri project
Goyal urges real estate sector to embrace eco-friendly practices
Union Minister Piyush Goyal, in response to growing pollution concerns in the national capital, called on real estate developers to implement environmentally sustainable construction methods. Speaking at the 25th foundation day of the Confederation of Real Estate Developers' Associations of India (CREDAI), Goyal proposed that the industry body form a team to assess the impact of construction activities on air quality in 20 major cities. The Minister emphasised the use of modern construction practices, such as steel and precast fabrication, to reduce pollution levels and expedite project timel..
Cabinet okays Rs 79.27 billion rail projects for Maharashtra, MP, UP
The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, has approved three major railway projects, amounting to an investment of Rs 79.27 billion. The approved initiatives include the construction of the Jalgaon-Manmad fourth line (160 km), the Bhusawal-Khandwa third and fourth lines (131 km), and the Prayagraj (Iradatganj)-Manikpur third line (84 km). These multi-tracking projects are designed to streamline rail operations and reduce congestion on critical routes connecting Mumbai and Prayagraj. The infrastructural upgrades aim to enhance network efficiency and..
RVNL bags Rs 6.25 billion EPC contract for railway track doubling
Rail Vikas Nigam Limited (RVNL) has been awarded an Engineering, Procurement, and Construction (EPC) contract by South Central Railway, valued at Rs 6.25 billion including GST. This project involves the doubling of the Parbhani-Parli railway section in Maharashtra, covering 58.06 km, excluding the Gangakhed yard. The scope of work also includes electrification and signalling. The project is set to be completed within 30 months, marking another significant expansion for RVNL in India’s infrastructure sector. Recently, RVNL also secured a contract from Eastern Railway, worth Rs 8.37 billion, ..
