Top Indian Infrastructure Industry News & Updates - 29 March 2024,Friday

🏢 Industry & SEZ

Growth of key infra sectors rise to a 3-month high in February – Find out why it is good news for economy
The growth of eight key infrastructure sectors slowed to 6.7 per cent in February Vs 7.4 per cent last February on account of poor performance of some sectors like fertiliser, according to official data released on Thursday. However, the growth rate is higher than January this year. However on a month-on-month comparison it rose to 3-month highs.
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🏗 Construction

📝  Kalpataru Projects International, arms bag orders worth Rs 2,071 crore
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🏘 Real Estate

Dwarka Expressway to give a boost to Gurugram real estate
The recent inauguration of the Dwarka Expressway heralds a new era for real estate development in Gurgaon, marking a significant transformation in the urban landscape of the region. This newly-inaugurated thoroughfare, spanning 19 kilometers with eight lanes, links the Delhi-Haryana border to Kherki Daula. It runs parallel to the Urban Extension Road-II, a six-lane, 10-kilometer road stretching from the Nangloi-Najafgarh Road to Sector 24 Dwarka.
Spurt in credit to real estate as housing sales boom
The credit flow to real estate, from both banks and private channels, has significantly grown as residential sales boom and the office property market on the mend.
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🛍 Cement

‘Udaipur Cement Works has doubled production capacity to 4.7 mtpa’
New Delhi: Udaipur Cement Works Ltd (UCWL), a subsidiary of JK Lakshmi Cement Ltd, has doubled its production capacity to 4.7 million tonnes per annum (mtpa) with the inauguration of its Cement Mill IV at the Dabok Plant in Udaipur, Rajasthan on Thursday. In an interview with businessline, Shrivats Singhania, Director & CEO, Udaipur Cement Works, talks about the capacity ramp up, demand and price outlook and how this impacts operations at JK Lakshmi Cement.
Adani family infuses Rs 6,661 crore in Ambuja Cement, takes total stake in company to 66.7%
Gautam Adani’s family has infused Rs 6,661 crore in Ambuja Cements in order to increase their stake in the company by 3.6 per cent to attain 66.7 per cent holding. This follows the infusion of Rs 5,000 crore infused by the promoter of the company for exercising the warrants issuance approved by the board of the Company in October 2022. 
Adani family boosts stake in Ambuja Cements; Shares rise 1.45%
Ambuja Cements Ltd shares were up by 2.46 per cent to ₹616.50 at 1.45 pm on the BSE after the company received an equity infusion of ₹6,661 crore from the Adani family. This move increases the family’s stake in the company by 3.6 per cent to reach 66.7 per cent. The company informed, the infusion aims to bolster Ambuja Cements’ financial stability and support its growth plans, including doubling its capacity to 140 million tonnes per annum by 2028. 
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🚙 Roads & Highways

📝  Cardo to deliver communication systems for Honda Adventure Roads project riders
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🚢 Ports

📝  Vizag Port creates new record in cargo handling
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