JNPA floats EoI for construction of protection bund & land reclamation for Vadhvan project
Ahmedabad: In order to kick-start the construction of a greenfield container port at Vadhvan in Maharashtra, the Jawaharlal Nehru Port Authority (JNPA) has invited Expression of Interest (EoI) from investors and private developers asking them to participate in a ₹20,600 crore project meant to reclaim land for the port and construction of an offshore protection bund.

Godrej Industries Group sells 5% stake in Sobha for Rs 858 crore
Anamudi Real Estates, the family office entity of Godrej Industries Group, has sold 47.4 lakh shares or 5 per cent equity in Bengaluru-based realty company Sobha Ltd for around ₹858 crore through bulk deals on the BSE, exchange data showed. The shares were sold at Rs 1810.44 apiece, a discount of 2.8 per cent to the closing price of the company on Thursday. Sobha’s shares ended 3.8 per cent lower at ₹1792.35 on the BSE on Friday. Shares of Sobha have fallen 7.3 per cent since June, though they have appreciated 16 per cent from April 1.

DLF plans to launch Rs 1.04 lakh crore worth real estate projects in medium term
DLF plans to launch Rs 1.04 trn worth real estate projects in medium term

Godrej Properties raises Rs 1,275 cr via non-convertible debentures

In a regulatory filing on Friday, the company said the allotment committee of the board of directors of the company approved the allotment of 93,540 unsecured redeemable NCDs of the face value of Rs 1 lakh each, aggregating to Rs 935.40 cr.

Realty major DLF retains sales bookings target at Rs 17,000 crore for FY25

In a conference with analysts, DLF Managing Director Ashok Tyagi also asserted that the withdrawal of indexation benefit for calculating long term capital gain (LTCG) tax on property sales would not have "much bearing" on consumer demand.

Delhi-Ghaziabad-Meerut RRTS Corridor: 80-km section of Namo Bharat constructed, 2 km remain – Check latest updates here
The construction of Delhi-Ghaziabad-Meerut RRTS Corridor has reached 80 kilometers of its total 82-kilometer length, officials announced on Thursday (July 25). This includes 68 kilometers of the 70-kilometer elevated section and 12 kilometers of the underground section. Currently, only a two-kilometer stretch in Meerut remains for viaduct construction, which is nearing completion. 

PM Modi conducts ‘first blast’ of all-weather connectivity tunnel between Himachal Pradesh, Ladakh
Prime Minister Narendra Modi has initiated the construction of the Shinkun La tunnel, aiming to provide all-weather connectivity between Himachal Pradesh and the Union Territory of Ladakh. Modi remotely triggered the “first blast” from Drass, Ladakh, marking the start of this ambitious project.

NH construction not on fastest route
 

Indian Railways: 68 projects worth over 92,000 crore underway in Uttar Pradesh, Ashwini Vaishnaw tells LS
The Railway Minister Ashwini Vaishnaw revealed in a written reply to the Lok Sabha on Wednesday that 68 railway infrastructure projects are currently underway in Uttar Pradesh, at various stages of planning, approval, and construction as of April 1.

Indian Railways: 16 out of 102 Vande Bharat Express trains catering to needs of Maharashtra, says Ashwini Vaishnaw
Railway Minister Ashwini Vaishnaw in a written response to the Lok Sabha on Thursday (July 25) informed that out of the 102 Vande Bharat trains operating across the country, 16 serve Maharashtra. “As on 19th July, 2024, 102 Vande Bharat Express services are operating on the Indian Railways network. Of these, 16 Vande Bharat Services are catering to the needs of the stations located in the State of Maharashtra,” Vaishnaw said.

Bhairabi-Sairang New Rail Line Project: 93 per cent work done, says Ministry of Railways
Indian Railways is working in full swing to strengthen rail infrastructure in the northeast part of the country. Sharing an update regarding the Bhairabi-Sairang New Rail Line (51.38 km) Project, Mizoram, the Ministry of Railways informed that 93 per cent of the work is completed.

Railway boost in Bihar: New line construction to gauge conversion, 55 projects worth about Rs 80,000 crore underway
Bihar has 55 active railway projects on its plate, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Thursday. The projects, which include new line construction, gauge conversion, and doubling of rail tracks, are at various stages of development as of April 1, 2024.

Cochin Port unions seek fund allocation to meet dredging expenditure
Cochin Port Joint Trade Union Forum has requested the Centre to grant fund allocation to defray the full dredging expenditure both for capital as well as maintenance of the channel. CD Nandakumar, general convenor of the Forum cited an IPA committee report in this regard which recommended financial support to the port to meet the dredging expenditure. The committee noted that the annual maintenance dredging cost is much higher than the permissible level in terms of financial outgo and the port required dredging throughout the year to maintain a safe navigable channel. The quantity of silt to be removed was approximately 20 to 28 million cubic metre annually, he said.