Indian auto component industry likely to grow 8-10% in FY23

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

6th Open Web Girder Launched for Mumbai-Ahmedabad Bullet Train

M G Contractors Pvt. Ltd. (MGCPL) has successfully launched the sixth open web girder (OWG) bridge for the 508.17 km Mumbai-Ahmedabad High-Speed Rail (MAHSR) project. The 100-meter-long steel bridge for GAD-12, part of MAHSR’s Package P1(B), was installed over the Western Railways’ Baroda-Surat line and the Western Dedicated Freight Corridor (WDFC) in Gujarat. The launch site, located between Sayan and Kim near Surat, lies between MAHSR’s chainage KM 285+927m and KM 286+007m. Standing 12.5 meters tall and 14.3 meters wide, the 2,000 MT bridge was positioned using rollers and hy..