Bengaluru-Chennai Expressway: 71-Km Stretch Opens for Toll-Free Travel

DME Development Ltd Raises Rs 7.75 Billion via Green Bonds

DME Development Ltd (DMEDL), a wholly owned subsidiary of the National Highways Authority of India (NHAI), has raised Rs 7.75 billion through the first-ever issuance of Green Bonds in the roads and highways sector. The bonds aim to promote infrastructure development while ensuring environmental sustainability. NHAI Chairman Santosh Kumar Yadav expressed satisfaction with the response, stating, "This unique initiative sets a benchmark in the sector and encourages participation from diverse investors." Similarly, NHAI Member (Finance) and DMEDL Chairman NRVVMK Rajendra Kumar highlighted the str..

Indore Assigns Rs 4.5 Billion for Road Development, Green Initiatives

The Indore Municipal Corporation (IMC) has approved Rs 4.5 billion for 23 road development projects aimed at improving urban infrastructure and promoting sustainable practices. The decision was taken during the mayor-in-council (MiC) meeting chaired by Mayor Pushyamitra Bhargava, alongside IMC Commissioner Shivam Verma and senior officials. The approved projects include the construction and widening of 23 major roads across the city, connecting key areas such as Bhagirathpura, Kila Maidan, and the airport. Additionally, 14 new roads aligned with Indore’s master plan were sanctioned, with de..

Cement Dealers Raise Prices Amid Demand Surge

Cement prices across India have seen an upward trend this December after remaining flat for nearly five months, a period that strained dealer margins and affected cement company profits. Dealers attribute the hikes to increased demand from the real estate sector, spurred by improved labour availability post-festive season, and growing infrastructure projects. In western India, prices rose by Rs 5-10 per 50 kg bag, with current rates ranging between Rs 350-400, according to dealers and B2B platform listings. Northern regions, including Delhi, witnessed a Rs 20 per bag increase, with prices now ..