Top Indian Infrastructure Industry News & Updates - 29 April 2024,Monday
🏢 Industry & SEZ
'448 Infra projects hit by cost overrun of Rs 5.55 lakh cr in Oct-Dec'
448 infra projects affected by cost overrun of Rs 5.55 lakh crore, says QPISR – Here’s why
The Financial Express
📝 MahaRERA mandates strict parking regulations to prevent disputes
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🏘 Real Estate
India’s ultra rich redirecting their investment focus to residential real estate
India’s affluent class has been increasingly redirecting their investment focus towards residential real estate for some time, marking a notable change in the country’s investment landscape. This transition emphasizes changing trends in investment preferences and reflects the motivations driving the elite’s choice to invest in residential properties.
📝 NCLT OKs Macrotech Developers' acquisition of Centaur Hotel owner’s V Hotels
📝 Brookfield plans $10 bn investment in Indian realty, double portfolio in 3-5 years
📝 Macrotech Developers to invest Rs 5,000 crore in FY25 on construction of realty projects: Abhishek Lodha
📝 Mahindra Lifespace FY24 profit falls marginally to Rs 98 crore
📝 Indiabulls Real Estate loss widens to Rs 1,038 crore in FY24
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🛍 Cement
Shree Digvijay Cement Company Q4 Results Live : profit rise by 29.92% YOY
Shree Digvijay Cement Company Q4 Results Live : Shree Digvijay Cement Company declared their Q4 results on 26 Apr, 2024. The topline increased by 14.94% & the profit increased by 29.92% YoY. As compared to the previous quarter the revenue grew by 17.28% and the profit increased by 1.05%.
📝 UltraTech Cement Q4 preview: PAT may rise 18% YoY to Rs 1,962 crore, 13% revenue uptick likely
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🚙 Roads & Highways
IRB bets big on BOT highway
The government’s push for private participation in highways has got IRB Infrastructure Developers to commit the largest share of its investments in the current financial year for adding road capacity through Build Operate Transfer (BOT) mode.
Mumbai’s road to progress! BMC launches girders for Bow-String arch bridge – Here’s how long the process took
The Brihanmumbai Municipal Corporation (BMC) launched the girders for the Bow-String arch, linking the coastal road to the Bandra Worli Sea Link (BWSL), in just one hour and twenty-five minutes overnight between Thursday and Friday, The Indian Express reported.
📝 Self-healing roads may soon be a reality: NHAI
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🚃 Railways
Railways eye faster cargo movement with 200 new Gati Shakti Terminals, worth ₹14,000 crore
New Delhi: Indian Railways will look at developing an additional 200-odd Gati Shakti multi-modal terminals in its bid to improve freight earnings and decongest existing tracks for faster passenger train movement.
📝 Railways sets eyes on having 200 Gati Shakti Cargo terminals
📝 Vande Metro trial runs to begin in July 2024
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