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05 Feb 2026
NBCC has signed an agreement with Kendriya Vidyalaya Sangathan to carry out construction, renovation and repair works at KVS schools across India, with project values to be decided individually. The PSU will act as project management consultant for the assignments. In addition, NBCC has secured six new orders worth a total of INR 271.32 crore. This includes a major INR 232 crore contract for building the Namami Ganga Aquarium-cum-Discovery Learning Centre in Rishikesh, adding to its government infrastructure portfolio.Read more
05 Feb 2026
The Noida International Airport at Jewar is expected to be inaugurated later this month, according to Uttar Pradesh Chief Minister Yogi Adityanath. The greenfield airport, developed through a public-private partnership in Gautam Buddh Nagar, is nearing completion, with the aerodrome licence from the Directorate General of Civil Aviation in its final stage. The project had missed earlier operational timelines due to procedural and construction-related delays. Once operational, the airport will become Uttar Pradesh's fifth international airport and is expected to ease passenger pressure at Delhi's Indira Gandhi International Airport.Read more
05 Feb 2026
India's Global Capability Centre ecosystem is projected to expand to around 2,400 centres by 2030, with market size expected to reach USD 105-110 billion, according to a FICCI Anarock report. From over 1,700 GCCs and USD 64 billion market value in 2024, the sector continues to grow on demand from IT, BFSI, healthcare and engineering services. While top cities dominate office supply, GCC expansion is increasingly moving into Tier-2 cities, reshaping India's commercial real estate landscape.Read more
05 Feb 2026
Afcons Infrastructure Limited has secured a strategic road infrastructure project in Uganda, valued at over EUR 100 million, marking a key step in the company's expansion across African markets. The project is being funded by a multilateral development agency and aligns with Afcons export-led growth strategy, focused on delivering large-scale and sustainable infrastructure solutions outside India. The award reinforces the company's long-standing presence in international EPC markets and highlights its role in supporting regional economic development through complex infrastructure execution. Part of the Shapoorji Pallonji Group, Afcons continues to build on its six-decade legacy, backed by strong global rankings in bridges, marine and port infrastructure, and international contracting.Read more
05 Feb 2026
The Maharashtra Housing and Area Development Authority (MHADA) is offering 120 unsold residential flats across Mumbai on a first-come-first-served basis, replacing the lottery system that left these units unclaimed. Online registrations started earlier this week, with the flat selection and payment process set to begin soon. Flats are spread across key suburbs and South Mumbai locations, including Kandivali, Malad, Wadala, Powai, and Andheri. Buyers must pay 10 per cent of the flat price initially, with the remaining amount due within 90 days. The initiative aims to reduce unsold stock and provide ready-to-move-in homes efficiently.Read more
05 Feb 2026
NTPC Green Energy Limited and Assago Industries have signed an MoU to develop India's first large-scale green urea production facility at the Pudimadaka Green Hydrogen Hub in Andhra Pradesh. NGEL will supply green ammonia, renewable power and CO to support clean urea manufacturing. The project targets reducing India's dependence on imported urea, which currently stands at 8-10 million tonnes annually. Designed within a 2.5 million tonnes per annum green chemicals hub, the initiative supports fertiliser self-reliance, decarbonisation and the national clean energy agenda.Read more
05 Feb 2026
Cochin Shipyard Ltd has approved the acquisition of a 23% equity stake in Netherlands-based Conoship International Holding B.V. as part of its plan to strengthen its footprint in the European shipping market. The investment will support collaboration in ship design and engineering, especially for vessels using alternative fuels and serving coastal and inland transport segments. The board also cleared the formation of a joint venture with HBL Engineering to develop electric mobility and energy storage solutions for marine use, marking a broader push into future-ready maritime technologies.Read more
05 Feb 2026
The Ghaziabad Development Authority (GDA) has formalised plans to hand over five residential colonies and a sewage treatment facility to the Ghaziabad Municipal Corporation (GMC), accompanied by a financial package of INR 66 crore to complete pending infrastructure work, according to official sources. The colonies earmarked for transfer include Swarn Jyantipuram, parts of Karpuri Puram, Bhaurao Devrash Colony, Pratap Vihar, Govindpuram and a portion of Raj Nagar Extension, along with a 56 million litre per day sewage treatment plant in Madhuban Bapudham. Under the agreement, the funds will be released in two equal instalments to support essential civic works such as water supply, road networks and sewer systems. The handover marks progress in resolving long-standing delays in transferring developed townships to municipal authorities, and is expected to improve service delivery for residents.Read more
05 Feb 2026
Vadodara Municipal Corporation (VMC) has started construction of the Vadsar bridge to maintain connectivity for low-lying residential areas along the Vishwamitri River, which are often cut off even during moderate water rise. The bridge, approved by the civic body's elected representatives and costing INR 31 crore, is expected to be completed in about a month. Past flooding incidents left residents stranded, with rescue teams on standby. The project aims to provide a permanent solution, ensuring safe and uninterrupted access to these neighbourhoods during waterlogging and seasonal rises of the river.Read more
05 Feb 2026
The Union Budget for FY27 has laid strong emphasis on infrastructure development, MSME support, and manufacturing-led growth, drawing positive responses from industry leaders. Higher public capital expenditure, measures to strengthen domestic supply chains, and initiatives aimed at rural and small-town development are expected to support long-term investment and employment. Consumer goods companies believe the focus on infrastructure, logistics, and MSMEs will improve market access, cost efficiency, and demand stability, while reinforcing confidence in India's medium-term economic outlook.Read more
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05 Feb 2026
The Gujarat Cabinet has approved widening the 51 kilometre Ahmedabad-Mehsana highway from four lanes to eight, with service roads on both sides, at an estimated cost of INR 2,630 crore. The project includes a 6.1 km elevated corridor through Kalol, eight flyovers, and eight underpasses to improve traffic flow. Once completed, travel time between the two cities is expected to reduce to 45-50 minutes from the current 60 minutes. Officials say commuters from North Gujarat districts, including Mehsana, Patan, and Banaskantha, will benefit significantly. Work is expected to take two years after tendering.Read more
05 Feb 2026
French shipping major CMA CGM and US investment firm Stonepeak have created a joint venture, United Ports LLC, with CMA CGM holding a 75% majority and operational control, and Stonepeak acquiring a 25% stake for USD 2.4 billion. The venture will include 10 major CMA CGM-operated terminals across six countries, including the Nhava Sheva Free Port Terminal in India. Stonepeak may invest an additional USD 3.6 billion in future projects. The deal is set to close in the second half of 2026, pending regulatory approvals and Union government security clearance for Nhava Sheva.Read more
05 Feb 2026
Thiruvananthapuram's latest urban development roadmap places transport, healthcare and port-led economic growth at its core. The plan gives priority to a proposed metro rail network to address rising congestion and improve city-wide connectivity. It also outlines the development of an AIIMS facility to strengthen advanced healthcare services. The Vizhinjam International Seaport features prominently as a long-term economic anchor, supported by road and logistics infrastructure. Alongside these, the roadmap focuses on water supply, drainage, waste management and coordinated execution with state agencies.Read more
04 Feb 2026
Odisha is establishing India's first commercial airport drone test corridor by partnering with local startup BonV Aero. The Rangeilunda Airport in Ganjam district will be transformed into a National UAV Test and Innovation Corridor, enabling live trials of unmanned aerial vehicles (UAVs) in low-altitude airspace up to 1,000 metres. The project supports BVLOS operations, indigenous research, and advanced UAV development. It also includes a dedicated UAV training centre and a flying training organisation, aiming to equip youth with aviation and drone skills while promoting defence, disaster response, and commercial drone applications.Read more
04 Feb 2026
Kerala has made significant progress in integrating renewable energy into its power grid, primarily through rooftop solar, which now meets about 22 per cent of daytime electricity demand. The state continues to rely on the central grid during peak hours, highlighting the importance of energy storage solutions. Draft regulations are being prepared to allow Vehicle to Grid systems, peer to peer energy trading, and virtual power plants. Despite legal stays on certain policies, Kerala's initiatives in solar, green hydrogen, and decentralized energy mark a steady move toward 100 per cent renewable energy by 2040 and carbon neutrality by 2050.Read more
04 Feb 2026
The government has raised the UDAN scheme's allocation by 27 per cent to INR 550 crore for the next financial year, up from INR 434.50 crore, to expand air connectivity in smaller towns and underserved regions. The Civil Aviation Ministry's overall budget has risen slightly to INR 4,699.92 crore, with higher funding for regulators DGCA and BCAS. Customs support at 27 tier II and tier III airports is also covered, while the drone PLI scheme remains unfunded. The initiative focuses on reviving dormant airstrips and making air travel more accessible.Read more
04 Feb 2026
The Economic Survey 2025-26 advocates congestion pricing and parking reforms as central strategies to reduce traffic congestion in Indian cities, emphasising a shift from vehicle-centric planning to people-focused urban mobility. It highlights global models like Singapore's Electronic Road Pricing and London's Congestion Charge which dynamically charge vehicles in dense business districts to manage demand, improve travel speeds and cut emissions. The survey also notes India's own policy progress, including demand-based parking management, such as the Chennai Metropolitan Area Parking Policy (2025), which treats parking as valuable urban real estate and supports public transport, walking and cycling. These demand-management tools are proposed alongside scaling up bus fleets, accelerating e-bus adoption and strengthening last-mile and shared mobility options, as part of a broader integrated approach to tackle gridlock and improve liveability in fast-growing metropolitan regions.Read more
04 Feb 2026
Veteran rail engineer E. Sreedharan has initiated groundwork for a proposed high-speed rail corridor in Kerala by setting up a project office in Ponnani, signalling progress despite the state not being named in the Union Budget's announced rail corridors. The office will support public consultations, preliminary planning and preparation of a detailed project report for a line between Thiruvananthapuram and Kannur, designed for trains running up to 200 kmph. Fieldwork is expected to begin before the monsoon, with alignment and station locations to be decided through on-site assessments.Read more
04 Feb 2026
Meghalaya is expected to receive INR 9,631 crore in tax devolution for 2026-27, enhancing the state's capacity for infrastructure development and capital expenditure. Over the past decade, central transfers have steadily increased, totaling INR 69,339 crore as tax devolution and INR 40,452 crore as grants-in-aid from 2014 to 2024. The Special Assistance to States for Capital Investment has further supported capital projects with INR 6,523 crore allocated between 2020-21 and January 2026. Infrastructure improvements include over 1,156 km of National Highways and 170 km approved under Bharatmala projects. Welfare schemes like Jan Dhan and PM Mudra Yojana have also seen wider reach.Read more
04 Feb 2026
The Uttar Pradesh government has prepared a detailed proposal to introduce a metropolitan corporation for Noida, following directions issued by the Supreme Court after examining governance concerns at the Noida Authority. The move comes in response to findings by a Special Investigation Team that highlighted structural weaknesses, limited public accountability, and financial irregularities involving excess land compensation of about INR 118 crore. Since Noida is governed under the Industrial Area Development Act, legislative amendments will be required. The proposal is expected to be placed before the state cabinet for an in-principle decision.Read more
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