DALLI RAJHARA ROWGHAT PROJECT
MoSPI report shows Rs 3.22 lakh crore cost overrun in India’s ongoing infrastructure projects
Infrastructure projects worth over Rs 150 crore have seen a cumulative cost overrun of approximately Rs 3,21,976 crore. About 1,853 infrastructure projects across 17 ministries were monitored, showing total costs revised to Rs 37,55,803 crore. The Ministry of Road Transport & Highways leads with the most ongoing projects and costs. Approximately 47.21 percent of the total project cost has been spent so far, indicating steady progress.
Boost for green energy projects: Maharashtra govt waives 25 pc land transfer fee
Maharashtra announced a waiver for the 25 per cent transfer fee on land for renewable energy projects. This decision aims to alleviate financial pressure on companies and reduce project costs. Companies must use the land exclusively for renewable energy to qualify for this exemption. If the land is used for other purposes, the exemption will be revoked, and fees will be charged.
1956 proposed, 2026 realised: Train reaches Birbal’s birthplace Sidhi for the first time since Independence
A train reached the Rampur Naikin-Churhat area of Madhya Pradesh’s Sidhi district, birthplace of one of Akbar's Navratnas, Bribal, for the first time since Independence on October 24. The milestone follows the inauguration of two railway sections covering 118 km and advances the 541-km Lalitpur-Singrauli railway project, first proposed in 1956.
Watchmaker Jacob & Co enters Punjab’s luxury housing market with ₹2,500-crore project; Salman Khan residences planned
Jacob & Co has partnered with GB Realty to develop branded residences in Punjab's first tier-2 city project. The collaboration aims to create five residential towers on a 9-acre land. Two of these towers will be designated as Salman Khan residences, while the others will be Jacob & Co residences. GB Realty plans significant investments for this luxury development set to shape the local real estate market.
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Centre rushes RAF cos to violence-hit Arunachal
Protests erupted in Pasighat over the proposed Siang Upper Multipurpose Project, leading to significant violence and unrest. Houses of political figures were vandalised, and several government properties were set on fire. The state government imposed prohibitory orders to restore public order and investigate the unrest. Police reported numerous injuries among security personnel and arrests were made during the chaos.
Torrent Power says 3,000-MW Karjat pumped storage project outside Bhimashankar Sanctuary
The company in a statement said the project, which will supply power to Maharashtra, would support grid stability as the share of solar and other renewable energy rises, while reducing reliance on coal-fired generation during evening peak hours. It also rejected reports of tree felling inside the sanctuary, describing them as based on incorrect information.
Protests rage in Arunachal: India’s answer to China’s mega dam faces resistance in Siang valley
Arunachal Pradesh protests: The ambitious 11,200 MW Siang Upper Multipurpose Project has sparked huge uproad among local tribes in the state, who are fearful about the potential displacement of over 150,000 people and the loss of villages and farmland.
Ashwini Vaishnaw and MP CM inaugurate two rail sections spanning 118 km, connecting Sidhi district to the railway network for the first time since Independence, through 53-km Satna–Devendranagar and 65-km Rewa–Churhat lines
Railway Minister Ashwini Vaishnaw and Madhya Pradesh Chief Minister Mohan Yadav inaugurated two new rail sections on Saturday. These new connections between Satna-Devendranagar and Rewa-Churhat will improve regional transportation. A new passenger train service was also launched to facilitate travel in the Vindhya region. Ongoing railway projects with significant investment aim to enhance infrastructure and connectivity statewide. The developments are expected to boost local economies and transportation efficiency.
FICCI seeks Dutch investment in mfg, tech; calls for project-level follow-up
FICCI has called for enhanced Dutch investments in India’s manufacturing and technology sectors during Piyush Goyal's visit. The discussions may lead to manufacturing partnerships and technology collaborations which would strengthen bilateral trade. Greater emphasis is placed on supply chain integration to meet Dutch quality and sustainability standards. The upcoming India-EU free trade agreement is expected to facilitate deeper commercial ties.
Siang dam protest turns violent as mob torches NHPC office and police station in Arunachal
Protests erupted in Arunachal Pradesh against the proposed 11,200-MW Siang Upper Multipurpose Project amid local opposition. Following a 12-hour bandh, protesters clashed with police and vandalized several properties, including political leaders' residences. Several police personnel sustained injuries from stone-pelting incidents during the unrest. The Arunachal Pradesh government has called for caution against misinformation regarding the project. Authorities stress the need to consider local interests and concerns during the project's evaluation.
China banned TBM exports, but India is building its own tunnel boring machines; Ashwini Vaishnaw shares progress & status of 125-km Rishikesh-Karnaprayag railway line with 16 tunnels
Tunnel Boring Machine India: India is expanding its domestic tunnel boring machine (TBM) manufacturing capabilities as work progresses on the 125-km Rishikesh-Karnaprayag railway line through the Himalayas. Railway Minister Ashwini Vaishnaw said India now manufactures 8-metre and 15-metre TBMs and plans to produce machines exceeding 16 metres, amid fresh Chinese restrictions on the technology. The railway project involves 16 tunnels and 19 bridges, with around 83% of its route passing through tunnels.
Aditya Birla Real Estate eyes Rs 1,650 cr revenue from new project in Pune
Aditya Birla Real Estate Ltd has announced plans to develop a housing project in Pune. This initiative will generate an estimated revenue of Rs 1,650 crore through a Joint Development Agreement. The project, located in Hinjewadi, spans 5.62 acres and features a total saleable area of approximately 1.25 million sq ft. Birla Estates, a subsidiary of Aditya Birla Real Estate, will oversee the project development.
MahaRERA approves Rs 23,719 crore housing projects ahead of festive season
MahaRERA approved 435 housing projects ahead of the festive season, indicating strong residential market activity. The approvals involve an investment of Rs 23,719 crore and comprise 32,981 apartments across various regions. The approvals included significant numbers of projects in Mumbai Metropolitan Region and Pune, contributing to market momentum. Developers are also seeking extensions for projects delayed beyond completion dates, which reflects their proactive approach.
Centre flags land, green tape hurdles in infra projects
Delays in land acquisition and obtaining various environmental clearances have significantly impacted the progress of infrastructure projects. Although central agencies are improving approval times, states are still facing lengthy procedures for necessary permits. Utility shifting is also causing major disruptions, often taking longer than projected. The recent analysis reveals a considerable increase in costs due to pre-construction delays.
Parliamentary panel selects 25 subjects for review of urban development, Delhi projects
Under the Department of Urban Development, the committee will examine rainwater harvesting initiatives, legacy waste remediation, functioning of Smart City Integrated Command and Control Centres, and affordable rental housing projects.
After 79 years, Railways reaches this remote town for the first time since Independence; Rs 1,628 crore line opens, two new trains flagged off
Indian Railways has connected Chhattisgarh’s Rowghat to the national rail network for the first time since Independence, with the inauguration of the Tadoki-Rowghat railway line. The 17.5-km stretch completes the 95-km Dalli-Rajhara-Rowghat project. Two new passenger services, Rowghat-Raipur and Raipur-Kurud, were also flagged off, improving regional connectivity and access to industrial and economic opportunities.
BCGCL starts construction work on Rs 25,000 cr gasification project, Rs 15k cr work awarded
Bharat Coal Gasification and Chemicals Ltd has begun construction for a significant coal gasification project in Odisha. The project involves an investment of Rs 25,000 crore, aimed at producing technical grade ammonium nitrate. Most tenders have been awarded, with Rs 15,000 crore worth of contracts already distributed. Major work is divided between BHEL and Larsen & Toubro for specific project packages.
NaBFID gets Finance Ministry, RBI nod for national infrastructure project repository
NaBFID has obtained approvals from the finance ministry and the Reserve Bank of India to establish a national repository. This repository will offer consolidated information on infrastructure projects for lenders and investors. The platform aims to facilitate access to data sourced from various government agencies like NHAI and others. NaBFID is considering partnerships with financial institutions to enhance the repository's effectiveness.
Kalpataru Projects International secures domestic work orders worth ₹2,349 crore
Kalpataru Projects International Ltd (KPIL) announced securing domestic work orders worth ₹2,349 crore in EPC (engineering, procurement and construction) orders in transmission and distribution (T&D) and buildings and factories (B&F) segments. The company said it enjoys strong momentum, with inflows crossing ₹2000 crore. The company offers EPC solutions in various sectors and aims for sustainable growth in the future.
Copper supply crunch could push prices higher as new mines take over 16 years to develop: Goldman Sachs
Goldman Sachs Research warns that declining discoveries, lower ore grades and rising development costs are creating a structural constraint on global copper supply. With new mines taking over 16 years to begin production and existing output expected to decline from 2030, established producers and credible expansion projects could attract greater investor value.
On a High-way: India revamps highway EPC rules with rating-based deposits, crash penalties
The Centre has revised performance security measures for national highway contractors based on their ratings. Contractors rated above 80% will deposit 3% of project value, while lower-rated contractors will deposit 4% or 5%. This initiative aims to incentivize quality in highway construction and improve contractors' cash flow. Additionally, higher standards for land acquisition and compensation mechanisms have been established.
Half of OVHcloud capacity is available, AI model launching in early 2027: CEO says
The company has 250 megawatts of capacity connected, of which 140 MW is in operation, leaving 110 MW ready to take on new business, CEO Octave Klaba told Reuters after OVH published its annual earnings report.
States may be nudged to go for agrivoltaic solar projects
States have been showing a lot of interest in this and in addition to the pilot that the Centre is doing, states such as Odisha, Madhya Pradesh, Maharashtra have been trying to actively facilitate this.
Signature Global partners Manasum for Gurugram senior living project with Rs 575 cr sales value
Signature Global and Manasum Senior Living are collaborating to create a housing project for senior citizens. The project, titled Manasum Varishta, is located on Dwarka Expressway and will comprise 164 homes. Signature Global will handle the construction and development, while Manasum manages sales and operations after completion. The project is expected to generate approximately Rs 575 crore in revenue.
Govt invokes catastrophic failure event clause against 2 highway developers
In a decisive move, the Highways Ministry has invoked regulations regarding catastrophic failures involving two contractors after significant incidents. One project in Tamil Nadu was marked by serious pavement issues, whereas a tragic reinforcement cage collapse occurred in Uttar Pradesh, resulting in loss of life. As a result, both companies face stringent penalties, including poor ratings and restrictions on bidding.
DLF focuses on housing sales, healthy margins, rental income as growth engines: MD Ashok Tyagi
DLF Ltd focuses on generating strong pre-sales of luxury homes and increasing rental income from commercial properties. The company expects significant revenue growth as housing projects launched post-COVID complete over the coming years. DLF's recent performance reflects brand strength and disciplined execution, despite a decline in sales bookings. The company has achieved a positive net cash position, even after significant dividend outflows.
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