28 Jun 2025

The Firozpur Feeder Reconstruction Project, a joint initiative between Rajasthan and Punjab, is moving forward with approvals and funding commitments. With a sanctioned cost of INR 647.62 crore, the project seeks to enhance the Gang Canal system's capacity to support irrigation in Rajasthan's Sriganganagar and Hanumangarh districts. Punjab has agreed in principle to contribute INR 379.12 crore, while Rajasthan will fund INR 268.50 crore. The initiative is expected to significantly benefit over 3.14 lakh hectares of agricultural land.Read more

28 Jun 2025

Uttar Pradesh is set to establish two state-of-the-art Integrated Manufacturing Clusters (IMCs) in Agra and Prayagraj at a projected cost of INR 1,046 crore, aiming to boost industrial growth and create large-scale employment. These upcoming clusters will feature high-end infrastructure, incubation centres, R&D units, and skill development facilities. Developed under a Special Purpose Vehicle involving both central and state governments, the initiative is expected to enhance investor confidence and reshape the industrial profile of the region.Read more

27 Jun 2025

Singapore-based Cube Mobility Investments sold a 3.62% stake in Cube Highways Trust this week, offloading over 4.82 crore units worth INR 615.50 crore. Major buyers included Kotak Mahindra Bank, LTI Mindtree, and Larsen & Toubro. Cube Highways units rose over 6% following the sale, reflecting strong investor demand. Earlier, IFC invested INR 860 crore in the trust's sustainability-linked bond, and L&T had acquired an 8.03% stake in 2023. In a separate NSE deal, South Africa's Lesaka Technologies exited its 8% stake in Mobikwik for INR 143 crore. Citigroup, HDFC Mutual Fund, and Societe Generale picked up significant shares, highlighting growing institutional interest.Read more

27 Jun 2025

Just weeks after opening, the 76-km Igatpuri-Amane stretch of the Samruddhi Expressway has developed large potholes on its asphalt bridge surfaces, raising concerns over construction quality. Built at a cost of INR 1,182 crore, this section adds to a series of issues along the 701-km Nagpur-Mumbai corridor, including earlier cracks near Shahapur, Nagpur, and Chhatrapati Sambhajinagar. While the expressway boasts features like Maharashtra's widest tunnels, wildlife crossings, and smart tolling, recurring surface failures may undermine its goal of halving travel time. Constructed under MSRDC, the six-lane expressway was launched in phases from 2022, but quality control remains a growing public concern.Read more

27 Jun 2025

The Maharashtra Industrial Township Ltd (MITL) has allotted more than 60 acres of land in the Bidkin node of Aurangabad Industrial City (AURIC) to six companies planning a combined investment of INR 1,261.2 crore. The industrial units will focus on manufacturing auto components, steam boilers, and solar cells, potentially generating 3,288 direct jobs. Junna Solar Systems Ltd has emerged as the largest investor among them with an investment of INR 400 crore. The region has so far seen 185 land allotments, 79 of which are already operational.Read more

26 Jun 2025

Foxconn, Apple's key supplier, is investing USD 2.2 billion across India and the US to expand its global manufacturing footprint beyond China. Of this, USD 1.49 billion will go into a new iPhone production facility in India via its Singapore arm, likely in Tamil Nadu or Karnataka. This follows an earlier USD 1.5 billion investment into its Tamil Nadu unit. India's skilled workforce, incentives, and rising demand make it an ideal hub. Meanwhile, USD 735 million is allocated to a US-based unit for data-centre and server module manufacturing. Foxconn aims to diversify into high-value manufacturing, including electric vehicles and advanced components.Read more

26 Jun 2025

MMRDA has launched a INR 325 crore programme to upgrade rural roads across ten villages in Alibaug, following its recent appointment as the region's planning authority. The plan includes cement-concrete resurfacing on key stretches connecting villages to Alibaug's town centre. With tenders issued for detailed design and management, on-ground construction is slated to begin soon. This initiative forms part of a wider connectivity vision including multimodal corridors and ring-road projects that aims to improve access and boost land and tourism value in Alibaug and adjacent areas.Read more

26 Jun 2025

Bengaluru-based solar tech firm Emmvee has secured a INR 1,500 crore order from KPI Green Energy for high-efficiency TopCon bifacial solar modules to be deployed in a renewable energy project in Gujarat. The modules, manufactured at Emmvee's Dabaspet and Sulibele units in Karnataka, reinforce India's push for clean energy and self-reliant manufacturing. Emmvee, with a 7.8 GWp module and 2.94 GWp cell production capacity, serves markets across Asia, Europe, Africa, and North America. The ongoing partnership with KPI Green Energy, dating back to 2021, highlights Emmvee's consistent delivery and growing role in India's green energy transition and domestic manufacturing ecosystem.Read more

25 Jun 2025

The Maharashtra government has appointed MMRDA as the nodal agency for the Dharavi Multi-Modal Transit Hub (MMTH), aimed at transforming connectivity across Mumbai. The hub will integrate Mahim, Sion, and Chunabhatti railway stations with Metro Lines 2B, 3, 8, and 11, and connect to the BKC Bullet Train station, Mumbai airport, and the upcoming Navi Mumbai airport. It will also extend BKC's Personal Rapid Transit (PRT) system to Dharavi. The project includes amenities like offices, retail, hotels, and a convention centre. MMRDA will soon begin feasibility studies, with officials describing the hub as a key step in Dharavi's inclusive urban redevelopment.Read more

25 Jun 2025

Maharashtra CM Shri Devendra Fadnavis has announced a INR 4,000 crore road upgrade plan for Nashik ahead of the 2027 Simhastha Kumbh Mela, with central government support. Nine key routes connecting Nashik, along with the Nashik Ring Road and Nashik-Trimbak road (to be widened to six lanes), have received in-principle approval from Union Minister Shri Nitin Gadkari. A Detailed Project Report is underway. Roads such as Ghoti-Trimbakeshwar, Dwarka-Sinnar, and Nashik-Dhule will be developed to handle the massive influx of devotees. These upgrades aim to ensure safe and efficient movement during the world-renowned religious event, enhancing regional connectivity and infrastructure resilience.Read more