Top Indian Infrastructure Industry News & Updates - 19 March 2024,Tuesday

🏢 Industry & SEZ

📝  Adani to invest USD 14 billion in FY25
📝  UP RERA asks homebuyers to include names of co-allottees in pleas
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🏗 Construction

J. Kumar Infraprojects wins Rs 334.25 crore DTC Project Bid
Regarding the subject at hand, J. Kumar Infraprojects Limited (the Company) has received the Letter of Acceptance (LOA) as the sole bidder from M/s. NBCC (India) Limited for the project titled “Development of Hari Nagar Depot of Delhi Transport Corporation (DTC) in Delhi at Hari Nagar, New Delhi on Engineering, Procurement and Construction (EPC) basis, with a total contract value of Rs 334.25 crore. 
Gensol Engineering completes 160 MW solar installation in Gujarat’s Bhavnagar
Gensol Engineering Limited, on Monday announced the completion of a 160 MW solar installation in Bhavnagar, Gujarat valued at Rs 128 crore for Continuum Green Energy, a key player in the renewable energy sector serving commercial and industrial consumers across India. 
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🏘 Real Estate

Bengaluru real estate developers cast a green lifeline amid water crisis
Sobha, a city-based real estate developer, said there is an increased customer interest in water meters, treated wastewater reuse, rainwater harvesting, water-saving fixtures, and sustainability initiatives.
Delhi-NCR’s realty market presents lucrative opportunities for investors: Rajjath Goel
With the development of prominent projects and the continuous influx of investments, the Delhi-NCR real estate market presents lucrative opportunities for investors while offering a diverse range of options for homebuyers, says Rajjath Goel, Managing Director, MRG Group.
Resolution in realty
The Real Estate saga within the journey of the Insolvency and Bankruptcy Code (IBC) has been nothing short of a roller coaster ride, marked by unexpected twists and turns that signal a need for a fresh perspective on all cases in India.
📝  Real estate consulting firm CBRE ranks first for capital markets and land transactions in India
📝  Office leasing likely to rise 10-12 pc this year driven by demand from GCCs: RMZ Chairman Raj Menda
📝  Alta Capital looking to invest over $1 billion in India's educational infra
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🛍 Cement

ACC, Ambuja Cements’ Geoclean announces launch of two new facilities providing impetus to sustainable waste management
ACC and Ambuja Cements, the cement and building material companies of the diversified Adani Group, on Monday announced the launch of two new innovative facilities, making a stride in sustainable waste management. The companies announced the operationalization of two facilities: the Ambuja Marwar Preprocessing and Co-processing Facility and the ACC Jamul Co-processing Facility. 
Cement sales to decline in Q4 as demand dips
The cement demand is expected to decline in the fourth quarter as compared to the year-ago period due to slowdown in construction, extended winter and uncertainty over upcoming elections. Further, higher supply and intense competition would result in pricing pressure, which could affect sales volumes in Q4.
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🚃 Railways

Western Railway shares birds eye view of Tangerine Vande Bharat Express train – Watch enchanting video here
The Western Railway shares a birds eye view of the Tangerine Vande Bharat Express train during its inaugural run. In the enchanting video clip shared by the Western Railway, the semi high-speed train can be seen racing towards Mumbai Central.
Centre plans to introduce 50 additional Amrit Bharat trains in 2024-25

For this purpose, 1,230 coaches will be manufactured by the Integral Coach Factory (ICF) in Chennai, Modern Coach Factory (MCF) in Raebareli, and Rail Coach Factory (RCF) in Kapurthala, according to sources in the railway board.
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