The Indian Railways has raised its locomotive production target for FY25 by 27% to 1,500 units, officials aware of the development said. The national transporter will keep this annual production target unchanged till FY27, they said. The railways have eight production units in the country where they make wheels, axles, locomotives and coaches. They had […]
Day: March 14, 2024
Larsen & Toubro bags major gas pipeline project in Middle East
Homegrown Larsen and Toubro (L&T) on Thursday announced bagging a major order gas pipeline project in the Middle East region. The scope of work comprises Engineering, Procurement, and Construction (EPC) of two new pipelines along with associated work parallel to the existing pipeline corridor, the infrastructure major said in a statement. The major onshore gas […]
Kalpataru Projects International, arms bag orders worth Rs 2,445 cr
New Delhi, Kalpataru Projects International and its arms have bagged orders worth Rs 2,445 crore, according to a statement said on Thursday. The new orders include orders in the Transmission & Distribution (T&D) business of Rs 2,366 crores in India and overseas markets. Besides, it also got a Buildings & Factories (B&F) business project of […]
Greaves Finance lending platform evfin joins with Muthoot Capital for E2W financing
Greaves Finance Limited, a non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton Ltd., through its 100% ev-focused lending platform evfin, has partnered with Muthoot Capital Services Limited (MCSL), one of India’s growing NBFCs and a publicly traded entity of the Muthoot Pappachan Group, to launch a pioneering co-lending arrangement to increase […]
AAI expects net profit of Rs 3,257.28 cr in 2023-24, highest in 8 yrs
The Airports Authority of India (AAI), which operates over 120 airports, expects a net profit of Rs 3,257.28 crore in the current financial year (FY24), the highest in eight years, government officials told Business Standard. The government-run entity’s previous peak in net profit was in 2016-17 at Rs 3,115.93 crore. “With consistently high passenger footfalls, […]
Battery recycling firm Lohum raises $54 million in funding
Energy transition materials maker Lohum has raised Rs 450 crore ($54 million) in a primary funding round led by Mumbai-based Singularity Growth Fund, which counts CaratLane founder Mithun Sacheti among its backers. The funding happened at an about $500 million valuation, people in the know said.
Network Planning Group evaluates key infrastructure projects including Multi Modal Logistics Park in Maharashtra
The 67th meeting of the Network Planning Group (NPG) was held on March 12, 2024, in New Delhi, to assess three projects from the Ministry of Road Transport and Highways (MoRTH) and two projects from the Ministry of Railways (MoR), the Ministry of Commerce and Industry said in a release on Wednesday. The meeting, led […]
Lucknow Airport’s new terminal looks out of this world; Check pics
Lucknow Airport gets new terminal The Chaudhary Charan Singh International Airport (CCSIA) now has a new terminal, Terminal 3, which will cater to domestic and international flights, with capacity to handle 4,000 passengers during peak hours. Prime Minister Narendra Modi had inaugurated the mesmerising terminal, built built for Rs 2,400 crore.
Goa’s Manohar intl airport capacity to touch eight million this year
Goa’s Manohar International Airport is expected to increase its annual passenger handling capacity to 8 million by June-July this year as it looks to increase flight connectivity to new destinations and attract more passengers. The airport, which started operations in January last year, can handle 4.4 million passengers per annum and the same is projected […]
SpiceJet finalises lease agreements for 10 aircraft ahead of a busy summer
Private carrier SpiceJet has finalised lease agreements for ten aircraft as it prepares for the upcoming summer schedule which usually sees higher demand, the company said in a press release on Thursday. SpiceJet has been on a settlement spree in recent weeks, with the Ajay Singh-led carrier resolving disputes with three companies. These settlements, SpiceJet […]
Two new Delhi Metro lines get Union Cabinet approval: Here are details about route, deadline, stations
The Union Cabinet today approved the development of two new Delhi Metro corridors on Wednesday. The corridors will connect Lajpat Nagar to G Block in Saket and Inderlok to Indraprastha, with a combined length of approximately 20 km. The new corridor will benefit nearly 2.5 lakh commuters. The announcement comes just days before the dates […]
Railways raises FY25 loco production target by 27 per cent
NEW DELHI: The Indian Railways has raised its locomotive production target for FY25 by 27% to 1,500 units, officials aware of the development said. The national transporter will keep this annual production target unchanged till FY27, they said.