India releases urban challenge fund guidelines to mobilise ₹4 lakh crore for city infrastructure and mobility projects

Urban Challenge Fund supporting city infrastructure and mobility projects

The government on Wednesday, 15 April, launched the operational guidelines for the ₹1 lakh crore Urban Challenge Fund along with the Credit Repayment Guarantee Sub-Scheme, marking the formal rollout of a new urban infrastructure financing framework aimed at mobilising large-scale investment in cities. According to a statement by the Ministry of Housing and Urban Affairs, […]

RailTel secures orders worth ₹564.55 crore from RVNL for tunnel communication systems across 78.7 km section

RailTel tunnel communication systems inside railway tunnel

RailTel Corporation of India Ltd. has received Letters of Acceptance (LoAs) from Rail Vikas Nigam Limited (RVNL) for two packages related to integrated tunnel communication systems. The combined estimated value of the two orders stands at ₹5,64,54,99,606, including taxes, according to the company’s regulatory filings on Tuesday, 14 April. The contracts involve the supply, installation, […]

India amends mineral concession rules to support self-sufficiency in iron ore supply

India iron ore ASP rules low grade ore mining and processing

The government has notified amendments to the Mineral Concession Rules to provide a methodology for calculating the average sale price (ASP) of low-grade haematite iron ore, including Banded Haematite Quartzite (BHQ) and Banded Haematite Jasper (BHJ), according to a statement by the Ministry of Mines on Tuesday, 14 April. The Ministry of Mines notified the […]

Mumbai-Ahmedabad bullet train project: Anand station slab casting, roof and façade structural works completed; cladding and staircase finishing in progress

Anand station bullet train project under construction with completed structural works

Construction of the Anand Bullet Train Station has achieved significant progress, with slab casting across all three levels completed and major structural works now in place, according to the National High Speed Rail Corporation Limited (NHSRCL). NHSRCL is the implementing agency for the 508-km Mumbai-Ahemedabad bullet train project, which is India’s first high-speed rail corridor. […]