17 Feb 2026

Siemens Energy India Ltd reported a 35 per cent rise in net profit to INR 313 crore for the December quarter of FY26, supported by a 26 per cent increase in revenue to INR 1,911 crore. Profitability was affected by a one-time labour-related cost of INR 52 crore. Operating in an October-September financial year, the company cited strong energy market conditions. Its board approved an INR 2,060 crore investment to expand large power transformer capacity by about 30,000 MVA, underlining confidence in sustained demand.Read more

17 Feb 2026

Thane Coastal Road-1 has achieved significant construction progress, with over half of its elevated viaduct foundation work completed within about eight months. The 13.45 km, six-lane greenfield corridor uses a single-pile, single-pier monopile system, a first for such a road project in India. Planned as a freight and mobility corridor, it aims to reduce congestion on Ghodbunder Road, improve links between NH-160 and Gaimukh, protect mangrove areas, and connect with multiple upcoming transport projects in the region.Read more

17 Feb 2026

Changi Airport Group Chairman Lim Ming Yan said the group is closely monitoring opportunities for airport projects in India, describing the country as a key growth market. Speaking at the ET Now Global Business Summit 2026, he highlighted the importance of partnering with local players to create a win-win situation. The group, which operates Singapore Changi Airport, already has investments in Durgapur Airport in West Bengal. Lim noted that India's civil aviation infrastructure has improved significantly over the past two decades and is poised for continued expansion as the government pushes airport development through public-private partnerships.Read more

17 Feb 2026

Schneider Electric Infrastructure reported a year-on-year decline of over 12 per cent in net profit to INR 97 crore for the latest October-December quarter, mainly due to expenses classified under exceptional items linked to labour code implementation. Profit in the same quarter last year stood at INR 110.53 crore. Despite this, the company posted strong revenue growth, with sales rising over 20 per cent to INR 1,029 crore. The performance reflects robust demand for power and electrical infrastructure solutions amid ongoing grid and distribution investments.Read more

17 Feb 2026

India plans to add 50 new airports over the next five years, a move expected to support urban expansion and create fresh opportunities for the real estate sector. Civil Aviation Minister K Rammohan Naidu said airports act as key enablers of property development and confirmed efforts to ease building height restrictions near airports without affecting safety. With 165 operational airports already in place, India is adding aviation infrastructure at a rapid pace. The real estate sector is projected to reach USD 1 trillion by 2030 and USD 5-7 trillion by 2047.Read more

Delhi News Desk

17 Feb 2026

A proposed air taxi corridor for Delhi-NCR could significantly reduce travel time between Gurgaon, Central Delhi and Noida International Airport at Jewar, according to a recent study by the Confederation of Indian Industry. The plan uses electric vertical take-off and landing aircraft to cut road journeys of two to three hours to under 30 minutes. The report outlines phased implementation, regulatory oversight, rooftop vertiports, and initial use for emergency services before passenger operations, while addressing airspace, safety and environmental considerations.Read more

Delhi News Desk

17 Feb 2026

The Municipal Corporation of Delhi has initiated a citywide desilting programme valued at INR 36 crore to prepare for the upcoming monsoon season. The initiative covers nearly 800 deep drains spread across multiple zones and focuses on improving drainage efficiency in flood-prone areas. Work orders for drains deeper than 4 feet are being issued, with phased timelines extending into the latter part of the year. The plan also introduces stricter monitoring, disposal timelines for excavated silt, and a verification-linked payment system to ensure execution discipline.Read more

17 Feb 2026

Mahanagar Gas Ltd has outlined a capital expenditure plan of around INR 1,200-1,300 crore for the next financial year, broadly in line with current spending levels. The city gas distributor is evaluating acquisitions of renewable energy assets while continuing pilot projects in green hydrogen and compressed biogas. Alongside diversification, the company plans to expand its CNG, LNG and domestic PNG network across Mumbai and nearby regions, while preparing for further reduction in government-allocated gas supplies.Read more

Delhi News Desk

16 Feb 2026

The Magenta Line of the Delhi Metro is set to become the longest corridor in the network after planned extensions under Phase IV and Phase V (A). Once completed, the corridor will span about 89 kilometres with 65 stations, including 21 interchange points, the highest for any single line. Four interchange stations are currently operational, while the remaining will be added as new sections open. The fully driverless corridor is expected to significantly improve cross-city connectivity and balance passenger movement across multiple metro lines.Read more

16 Feb 2026

Patel Engineering Ltd has completed tunnelling work under Package II of the CIDCO Treated Water Tunnel Project in Maharashtra four months ahead of schedule. The 6.27-km package, part of the overall 28.2-km tunnel project awarded by City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) for INR 520 crore in June 2023, was executed in 14 months against the contracted 19 months. The company achieved a national benchmark by tunnelling 812.466 metres in January using a 3.2-metre diameter Tunnel Boring Machine (TBM). The project involved underground tunnelling between Sai and Vindhane villages in Raigad district, marking a significant milestone in infrastructure execution.Read more