Aartech Solonics bags supply order from Qatar

Electrical engineering solution firm Aartech Solonics has bagged an order from Qatar to supply its Current Limiting Protectors (CLP). This comes after the firm completed a power infrastructure project in Indonesia and received a major order in India.

Also Read: QPEEL bags supply order worth over Rs 19 crore

    Lodha Developers purchases 5 land parcels across Pune and Bengaluru

Real estate major Lodha Developers has purchased 5 land parcels in the Mumbai region, Pune, and Bengaluru during the June quarter. The firm plans to develop housing projects on the land with a total revenue potential of Rs 22,700 crore. 

As of now, it is not clear whether these land parcels were acquired outright or whether it entered into a partnership with landowners. 

Also Read: Lodha Group sells apartment in Mumbai for over Rs 187 crore

    Bid update: Dianka Industries emerges lowest bidder for EPIL's tender in Vellore

Government-owned Engineering Projects (India) Limited has declared Dianka Industries India Private Limited as the lowest bidder for the EPC tender worth Rs 42 crore. The work involves the construction of the arrival terminal for a major upgradation and redevelopment of Katpadi Junction Railway Station, Vellore district.

Also Read: Bid Update: Unique Builders emerges lowest bidder for MoRTH's project in Solapur

    DDA to auction residential plots in Vasant Kunj

The Delhi Development Authority (DDA) has plans to auction 118 residential plots in Sector D6 of Vasant Kunj. These plots would be offered with infra upgrades, which include plans for roads, sewerage, water supply, and green spaces, and respond to a rising demand for plotted housing in established neighbourhoods.

The estimated cost of the work is Rs 7.5 crore, and the work will be carried out in line with the Central Public Works Department (CPWD). This work is expected to be completed within 12 months from the date of awarding the contract

Also Read: DDA plans to develop houseboat style convention centre in Delhi

    Central government pushes for project worth over Rs 36, 296 crore for Rajasthan and Gujarat

The union government has taken action to resolve about two-dozen issues hindering the implementation of infrastructure projects worth Rs 36,296 crore in Gujarat and Rajasthan. These projects cover facilities for power evacuation from solar energy zones in the 2 states, and telecommunication network expansion project of Reliance Jio.

As per updates, there is a total of 22 issues related to 18 critical projects, collectively valued at over Rs 36,296 crore. The high-level meeting of the central government underlined the importance of private project proponents actively leveraging the Project Monitoring Group (PMG) platform to accelerate implementation.

Also Read: Chief Minister of Gujarat unveils projects worth over Rs 696 crore

    Ventive Hospitality and Marriott to launch 6 new hotels in India

Panchshil Realty's hospitality arm, Ventive Hospitality, in partnership with international hotel chain Marriott, plans to develop 6 new hotels in India by 2030. The two firms would add over 1,400 branded rooms to the country. These properties would be:

• 161-room Varanasi Marriott Hotel
• 200-room Courtyard by Marriott at Mundra
• 450-room JW Marriott Navi Mumbai
• 200-room Moxy in Navi Mumbai
• 264-room Moxy Wakad in Pune
• 200-room Moxy Kharadi in Pune

Also Read: Marriott and SmartHomes join hands to develop luxury hotel in Dholera

    Pune Metro: PMRDA plans to open 13 km stretch by September

The Pune Metropolitan Region Development Authority (PMRDA) has plans to operationalize a 13-kilometre stretch of the 23-km Metro Line 3 — from Megapolis Circle to Balewadi Phata — by September this year.

The Pune Metro project is being developed by the PMRDA in a public-private partnership (PPP) model with a consortium led by the Tata Group and Siemens: Pune IT City Metro Rail Ltd.

Also Read: Pune Metro: Joint venture of Egis Rail emerges as preferred bidder for contract related to phase 2

    Bullet train project: L&T emerges L one bidder for track work

National High Speed Rail Corporation Ltd. (NHSRCL) has declared Larsen & Toubro (L&T) as the lowest bidder (L one) bidder for work package T-1 of the 508.17 km Mumbai – Ahmedabad High Speed Rail (MAHSR Bullet Train) project.

The firm placed the bid of Rs 4571.37 crore for the third and final track installation-related package that would connect Mumbai and Ahmedabad through 12 stations.

Also Read: Bullet train project: Excavation work at BKC station nears completion

    Indusland Bank opens a new branch in Chennai with all women staff

Private sector banking firm, Indusland Bank, has announced the opening of a new bank branch in Chennai. The new branch is special as it's an all-women branch aiming to offer women customers a more comfortable and convenient space for availing banking services.

The new branch would span 1,300 sq ft. It would be managed by a team of 5 dedicated women bankers and offers a full suite of IndusInd Bank’s retail banking services, including savings and current accounts, fixed deposits, recurring deposits, as well as credit facilities such as personal loans, auto loans, mortgages, and cards.

Also Read: Bandhan Bank opens new branches in 4 states

    Jindal's Rs 15,000 crore steel plant gets approval from Odisha government

The state government of Odisha has given its approval to Jindal (India) Ltd's greenfield steel plant to be built in the state. As per updates, the firm would invest Rs 3,600 crore initially and plans to invest Rs 15,000 crore in three phases by 2030.

As per updates, the new facility will manufacture special coated steel products and will feature advanced coating lines with a 9.6 lakh MT annual capacity, commissioned by 2027.

Also Read: Rs 5,400 crore investment planned chalked out by Jindal Stainless