Top Indian Infrastructure Industry News & Updates - 28 July 2023,Friday
🏢 Industry & SEZ
📝 Govt to use bamboo-made 'Bahu Balli' fences along highways: Nitin Gadkari
📝 RITES, IRFC ink pact to work in transport infrastructure sector
📝 ADB, India sign USD 295 million loan pact to upgrade state highways in Bihar
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🏘 Real Estate
📝 Luxury housing sales across top 7 cities rise by 130% YoY in Jan-June’23
📝 Indian REITs will re-rate once the volatility subsides: Aravind Maiya
📝 Brookfield, Alta Capital, Keppel in talks to buy Goldman’s Good Host Spaces stake
📝 Wave Group to invest Rs 10 crore in AI tech for Wave City project in Delhi-NCR
📝 Lodha to exceed FY24 acquisition guidance, Rs 12,000-cr projects added in Q1
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🛍 Cement
📝 ACC Q1 FY24 net doubles to ₹466 cr on better realisation
📝 ACC, Ambuja shareholders voted against adoption of FY23 results
📝 Sagar Cements posts ₹42-cr net loss in Q1
📝 ACC not to conduct independent probe into Hindenburg allegations
📝 Adani lenders weigh up to $750 million loan for Ambuja debt
📝 Shree Cement MD on double-digit growth, tax-evasion charge & more
📝 JK Lakshmi Cement Q1 Results: Net profit drops 30% to ₹79 cr, revenue up 5%; board approves fundraising via NCDs
📝 Barclays, Deutsche Bank, StanChart in talks with Adani to lend upto $750 mn for Ambuja Cements debt
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🚃 Railways
📝 Government to divest 5.36% stake in Rail Vikas Nigam at 11.36% discount; Rs 1,329 cr OFS opens today
📝 What is the National Rail Plan? How will it help in speeding up trains? Know all possible high speed rial routes
📝 Work on Guntur-Guntakal Doubling and Electrification Project is in full swing; More than 50 per cent of stretch is complete
📝 Redevelopment work at Pune’s Hadapsar railway station sees cost skyrocket to Rs 135 crore; deadline pushed to Dec 2024
📝 Kalka-Shimla world heritage track: Northern Railways floats tender worth Rs 6.15 crore to fix monsoon damage
📝 Indian Railways achieves 100% rail network electrification in 14 states/UTs – Details inside
📝 Railtel Q1 result: Revenue surges to Rs. 46,346 lakhs, net profit reaches Rs. 3,746 lakhs
📝 Rail Vikas Nigam offer for sale subscribed 1.6 times, shows BSE data
📝 Vande Bharat trains register 99% utilisation during FY24 up to June 2023
📝 Hyderabad may get bullet train connectivity with Mumbai and Bengaluru
📝 Delhi High Court calls for periodic audit of safety, security in Indian Railways
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🚢 Ports
📝 Adani Group’s Mundra port handled 5,300 TEUs in July
📝 Mundra Port accelerates despatch of containers; surpasses levels seen before cyclone Biparjoy
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