AIIB to give loan to MRVC for the MUTP-3

ASEAN Infrastructure Investment Bank (AIIB) is likely to loan Rs 3500 crore to Mumbai Railway Vikas Corporation (MRVC) for the Mumbai Urban Transport Project-3. MUTP-3 is worth nearly 11000 crore…

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Tata Power to develop solar power project

A Tata Power subsidiary will build a 100 megawatt (MW) solar project at the Raghanesda in Gujarat’s Banaskantha district as per reports. As part of the power purchase agreement (PPA),…

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3 countries sign MoU for container terminal

The governments of Japan, India and Sri Lanka have agreed to develop a container terminal at the Port of Colombo, which has attracted major investment from China under its Belt…

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LANXESS unveils lubricant additive and engine oils

LANXESS unveils lubricant and engine oils

Specialty chemicals company LANXESS is launching an organic lubricant additive for passenger car and high-performance engine oils. The new Additin RC 3502 has been specifically developed to reduce friction and…

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CISF to take over Srinagar Airport security

The Centre is all set to tweak security norms at sensitive Srinagar airport by continuing with Central Reserve Police Force (CRPF) and deploying Central Industrial Security Force (CISF). CISF will…

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Runwal, Warburg Pincus to create mall

An affiliate of global private equity firm Warburg Pincus Llc and Mumbai-based developer Runwal Group have formed a joint venture (JV) to create a shopping mall platform. Both partners will…

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Agra Metro project to be completed by 2024

Scheduled to be ready by 2024, Agra Metro will be welcomed by city’s residents and tourists alike. It was last month that Union Cabinet gave the green light for Agra…

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RNIL aims to produce more metal in FY20

State-run Rashtriya Ispat Nigam Ltd is eyeing to produce 6.4 million tonne of liquid steel and 5.8 million tonne of saleable metal in the financial year 2019-20 as per reports….

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12 more nuclear plants in India soon

India will have 12 more nuclear power stations shortly to improve the power situation and also ensure free flow of uninterrupted power supply for both Industries and residential usage. Said…

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Kochi Metro’s extension to be completed

The Kochi Metro’s 1.5 km extension project from Pettah to S N Junction has received a major boost as the land acquisition process to widen corridor and build two stations…

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Adani group bags lease for six airports

The award of lease rights for six non-metro airports to successful bidder Adani Enterprises Ltd will be one of the first big-ticket deals. Adani Enterprises had emerged highest bidder when…

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CDE debuts with Combo™ at bauma

The patented Combo™ – the world’s first all-in-one wet processing and water treatment plant – was unveiled at bauma in Munich, the leading trade fair for the construction machinery and…

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Bengaluru-Chennai Expressway will start

With 90 per cent of land acquisition complete, work on the 262-km-long Bengaluru-Chennai Expressway (BCE) is expected to commence this year. Tenders for the concessionaire under the Hybrid Annuity Mode…

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Anand Sundaresan VC SSI with Mr. Sakthikumar MD SSI and Gerald Hanisch MD RM

Schwing Stetter signs deal for crushers

Schwing Stetter India (SSI), one of India’s leading concreting equipment manufacturers’ recently signed a strategic partnership with global leader Rubble Master HMH GmbH, to enter the mobile compact crushing business….

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Solar model save Rs 500 cr for Telangana

The distributed solar photovoltaic project model as opposed to the Solar Park model, mooted a few years ago, has helped save more than Rs 500 crore for the Telangana government….

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