Top Indian Infrastructure Industry News & Updates - 25 May 2023,Thursday

🏢 Industry & SEZ

📝  Govt working to reduce logistics cost to 9 pc of GDP: Nitin Gadkari
📝  Infrastructure cos' shares recover from Karnataka jolt
📝  Govt plans ropeways, funicular railways

🏗 Construction

📝  IRB Infrastructure Developers arm signs pact for INR 2,132 cr project
📝  KKR Infra fund looks to buy majority stake in supply chain firm leap India

🏘 Real Estate

📝  Shriram Properties acquires development rights for residential project in Chennai for Rs 185 cr
📝  Inframantra partners BluSmart for employee transportation
📝  Brigade’s Q4 net income drops 9.6% to ₹872 cr
📝  Luxury homes in NCR hit a new high: Sales surge by 216%
📝  Trehan Group to develop residential plots, launches new project in Alwar
📝  High street space supply not enough to meet demand: Report
📝  High streets gain momentum as preferred retail destinations in India post-pandemic
📝  Brigade records highest ever sales of Rs 4,109 crore
📝  Registries of almost 1,100 flats approved but held up by builders: Noida Authority

🛍 Cement

📝  India Cements’ Q4 net loss widens to ₹217 crore; plans to mobilise ₹1,200 crore through sale of land
📝  India Cements on the 'verge' of monetising some assets: N Srinivasan
📝  Ambuja Cement, ACC opens new R&D centre
📝  Avoid cement stocks, tough to play capex cycle now: Anand Tandon

🚙 Roads & Highways

📝  Big relief for cash-strapped highway developers! FinMin nod to conversion of bank guarantees to surety bonds, says Gadkari
📝  Surety bond relief for highway companies
📝  IndianOil contributes to new world record in road construction

🚃 Railways

📝  PM Modi to flag off Dehradun-Delhi Vande Bharat Express today; Know inaugural run, stoppages and other details
📝  Delhi-Dehradun Vande Bharat Express: Date, timing, stoppages, ticket prices and other details

🚢 Ports

📝  Centre to come up with policy to extend port lease beyond 30 years
📝   Gujarat Pipavav Port Q4: Net profit up 30% at ₹97.3 cr, revenue up 7%

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