29 Jun 2025

The Union Cabinet has approved Phase II of the Pune Metro Rail Project, marking a major boost to the city's public transit network. The new phase includes two elevated corridors-Vanaz to Chandani Chowk and Ramwadi to Wagholi-spanning 12.75 km at a cost of INR 3,626 crore. These extensions build on the existing Vanaz-Ramwadi line and are expected to be completed in four years. The plan includes integration with intercity buses and other metro lines to enhance multimodal connectivity. Aimed at easing traffic congestion, the project is set to transform commuting in Pune's rapidly growing areas through more efficient and accessible transport.Read more

29 Jun 2025

DPIIT has reviewed 18 long-pending issues across 11 infrastructure projects in Eastern and Northeastern India, representing investments over INR 34,213 crore. Chaired by DPIIT Secretary Amardeep Bhatia, the review focused on resolving implementation hurdles through inter-ministerial and state-level coordination. Key discussions included Jharkhand's Patratu Thermal Power Station Expansion and Arunachal Pradesh's INR 1,000 crore hydrocarbon project by GeoEnpro Petroleum, both facing operational delays. The session, held under DPIIT's Project Monitoring Group (PMG), aims to fast-track clearances and boost regional infrastructure. The initiative reflects a focused effort to unlock investments and improve execution efficiency across critical sectors in underserved states.Read more

29 Jun 2025

The Uttar Pradesh government has trimmed the budget for Ghaziabad Municipal Corporation's new Arthala office from INR 110 crore to just under INR 100 crore. Despite the cut, the G+5 green building-spread across 21,000 sq.m-will retain core features like solar systems, rainwater harvesting, and space for 209 civic vehicles. The UP Jal Nigam will execute the project, slated for completion next year. This comes amid Ghaziabad's record-high civic budget of INR 3,722 crore, with major allocations for ward-level infrastructure, roads, drainage, and a new sports complex. The new headquarters is expected to enhance civic operations and address current space limitations.Read more

28 Jun 2025

The Deharji Dam in Palghar district marked a major milestone as it achieved its first live impoundment with partial water storage reaching 5.147 Mcum about 5% of its full capacity- due to steady monsoon rainfall. Funded by MMRDA and executed by KIDC, the dam reached a reduced level of 90.00 metres, triggering overflow at the spillway and indicating both structural integrity and operational readiness. With 80% of construction already completed, the project aims to supply 255 MLD of drinking water to Vasai-Virar, CIDCO Palghar, and nearby villages, with full commissioning targeted by end-2027.Read more

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