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Construction & Infrastructure News

Two lines approved in Mumbai Metro corridor

September 2016

Maharashtra has approved two lines — D N Nagar-Bandra-Mankhurd and Wadala-Ghatkopar-Thane-Kasarvadavli in the Mumbai Metro corridor, worth Rs 25,535 ...

Maharashtra, Mumbai Metro corridor, Devendra Fadnavis, Urban Development Department, Cabinet

Patel Engineering bags Rs 2,500 crore arbitration award

September 2016

Construction company Patel Engineering has won arbitration awards of over Rs 2,500 crore and expects its debt to halve on Cabinet's decision to reviv...

Construction, Patel Engineering, Cabinet, Arabian Gulf, Infrastructure projects, Balance sheet

Budget merger may save Railways Rs 10,000 crore

September 2016

Cash-strapped Railways will save about Rs 10,000 crore annually as it will no longer have to pay dividend if the separate Rail Budget is scrapped, wh...

Railways, GBS, Finance Ministry, Rail Budget, Cabinet

Cabinet approves creation of GST Council

September 2016

Create one post of Additional Secretary to the GST Council in the GST Council Secretariat (at the level of Additional Secretary to the Government of ...

Union Cabinet, GST Council, Ex-officio Secretary, Government of India, CBEC

SPML Infra debt to reduce substantially with arbitration awards

September 2016

The Union Cabinet decision that requires government agencies to pay 75 per cent of arbitral awards will result in SPML’s debt being reduced significa...

Union Cabinet, SPML, High Court, Supreme Court, Subhash Chand Sethi, Infrastructure

HCC debt to reduce in half

September 2016

The recent Cabinet decision that requires government agencies to pay 75 per cent of arbitral awards will result in HCC’s debt being reduced by half. ...

Cabinet, HCC, Ajit Gulabchand, Infrastructure development, Substantially

Bhel given Rs.2,454 cr to meet electricity needs

September 2016

In what will help India meet its electricity demands in a clean and efficient manner, Bharat Heavy Electricals Ltd (BHEL) will be given Rs 2,454 cror...

Electricity, Bharat Heavy Electricals Ltd, AUSC, Economic Affairs, Cabinet Committee

South Australia for n-energy business with India

September 2016

India and Australia have a great future in the field of nuclear energy. With the civil nuclear agreement between both countries coming into force at ...

Nuclear Energy, Civil Nuclear, Union Cabinet
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