Top Indian Infrastructure Industry News & Updates - 21 Sep 2023,Thursday

🏢 Industry & SEZ

In relief for DLF, Delhi HC puts on hold sale of its stake in Joyous Housing
In a major relief for realty major DLF Limited, the Delhi High Court on Wednesday suspended the sale of shares of Joyous Housing Ltd by Omkara Asset Reconstruction Company to a third party entity.
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🏘 Real Estate

Godrej Properties raises Rs 1,160 cr through issue of NCDs on private placement basis
Realty firm Godrej Properties on Wednesday said it has raised Rs 1,160 crore through issue of non-convertible debentures on private placement basis. In a regulatory filing, the company said the allotment committee of the Board of Directors approved the allotment of the Non-Convertible Debentures (NCDs).
Building Brand Reputation: The crucial role of timely delivery in real estate
I always believe that delivering projects on time and maintaining the highest quality standards is not just a matter of operational excellence but the cornerstone of any brand’s reputation. In the world of real estate, where competition is fierce, and customer expectations are ever-evolving, the ability to meet deadlines while ensuring quality is not just an advantage, it’s a necessity.
COWRKS plans to double its portfolio by 2024

COWRKS, a flexible and managed office provider, plans to double their portfolio and open new centres across major cities such as Pune, Mumbai, Bangalore and Chennai by 2024 to cater to the growing demand for a hybrid work model amongst large corporates.
CapitaLand Investment launches newly redeveloped International Tech Park Hyderabad Block A with 100% lease commitment

Bengaluru: CapitaLand Investment Limited (CLI) has commenced operations for Phase I of the newly redeveloped International Tech Park Hyderabad (ITPH).
We should be net debt zero far earlier than end of fiscal: Ashok Tyagi, DLF
"So clearly, it has now been a consistent story for more than eight quarters plus that the demand is very buoyant. In fact, it is growing stronger, I would say by almost a quarter," says Ashok Tyagi, Managing Director, DLF.
📝  Bafna Motors sells 4-acre plot in Navi Mumbai’s Nerul to Greenscape IT Park
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🚃 Railways

Indian Railways’ Amrit Bharat Stations: After redevelopment, Kalka Railway Station to offer numerous modern facilities; design portrays local heritage and culture
The redevelopment of the Kalka Railway Station in Haryana is covered under the government’s ambitious ‘Amrit Bharat Station Scheme’. The initiative is set to transform and breathe new life into 1309 railway stations across India.
Railways increases ex gratia relief in train accidents by 10 times
The Railway Board has increased by 10 times the ex gratia payments made in case of death or injury to anyone in train accidents. The ex-gratia relief was last revised in 2012 and 2013.
Indian Railways earned over Rs 2,800 crore in 7 years from child travellers; 2022-23 most-profitable year, reveals RTI reply
The Indian Railways earned over Rs 2,800 crore in the last seven years from child travellers after revising child travel fare norms, an RTI response has revealed. The financial year 2022-23 alone earned Rs 560 crore from the change in norms, making it the most profitable year, the response from the Centre for Railway Information Systems (CRIS) under the Right to Information (RTI) Act showed.
Full trial run for Odisha's second Vande Bharat Express underway
The full trial run of the Puri-Rourkela Vande Bharat Express, which would be Odisha's second such train, was conducted on Wednesday, officials said. The train left the Puri station at 5 am to reach Bhubaneswar at 6.05 am, and left after five minutes for the onward journey. After brief halts at Cuttack, Dhenkanal, Angul, it reached Sambalpur at 10.15 am. The train was supposed to reach its destination, Rourkela, at 12.45 pm, they said.
Indian Railways instructs zonal headquarters to improve punctuality of trains, issues advisory
For passenger convenience, Indian Railways has asked all its zones to maintain punctuality of all Mail and Express trains across its network. This development comes at a time when the special session of Parliament is underway and several Members of Parliament (MPs) are arriving in the national capital via train. 
Vande Bharat Express update: Full trial run for Odisha’s second semi-high speed train underway; to link coastal districts to state’s western region
A full trial run for Odisha’s second Vande Bharat Express was conducted on Wednesday. The Puri-Rourkela Vande Bharat Express train left the Puri station at 5 am to reach Bhubaneswar at 6.05 am and left after five minutes for the journey forward. After brief halts at Cuttack, Dhenkanal, Angul, it reached Sambalpur at 10.15 am. This semi-high speed train was supposed to reach its destination Rourela at 12:45 pm, the officials said.
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