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Rail Line Under Khurda Road-Balangir Project In Odisha Commissioned
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
KEC International wins new orders of Rs 10.03 billion
KEC International, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 10.03 billion across its various businesses:Railways: The business has secured an order for tunnel Ventilation system and associated works in India.Civil: The business has secured an order in the industrial segment for Civil and Mechanical works for a Steel plant in India.Cables: The business has secured orders for supply of various types of cables in India and overseas.Vimal Kejriwal, MD and CEO, KEC International commented, "We are pleased with the order wins secured across our business v..
Chennai Floats Bonds for Infrastructure Projects
The Greater Chennai Corporation (GCC) has decided to issue municipal bonds to raise ?1,500 crore for urgent infrastructure projects. This fund-raising strategy follows a central government model that enables urban local bodies to mobilize capital from investors for essential projects without relying solely on state or central grants. The initiative aims to address the city’s infrastructural needs, including canal restoration, road relaying, and flyover construction, all worth around Rs.80 crore. Municipal Bonds Model Under union finance ministry guidelines, urban local bodies can issue bon..
India Post to Become Logistics Giant
The Indian government is looking to transform India Post into a comprehensive logistics company, with a target to boost its revenue by 50-60% over the next 3-4 years. Speaking at the Public Affairs Forum of India event, Union Telecom Minister Jyotiraditya Scindia revealed that the postal department's annual revenue currently stands at Rs 12,000 crore. The minister expressed his goal of increasing this figure significantly through the diversification of services and by capitalizing on the department's extensive reach in rural and remote areas. Scindia stressed the need for India Post to evolve ..
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