Indian Oil and Nepal Oil Corporation to Enhance Petroleum Infrastructure in Nepal
Indian Oil Corporation Limited (IOCL) and Nepal Oil Corporation (NOC) have entered into a Business-to-Business (B2B) agreement to expand the Motihari-Amlekhgunj Petroleum Pipeline (MAPL) and establish new oil storage terminals in Nepal. This development follows a Government-to-Government (G2G) Memorandum of Understanding (MoU) signed in May 2023 between India’s Ministry of Petroleum and Natural Gas (MoP&NG)...
Read more
Aditya Birla Renewables raises Rs 25 billion through NCD issuance
Aditya Birla Renewables (ABReL), a subsidiary of Grasim Industries, has successfully raised Rs 25 billion through the issuance of non-convertible debentures (NCDs) via private placement. On September 24, 2024, the company allotted 2,50,000 unsecured, listed, rated, and redeemable NCDs, each with a face value of Rs 1 lakh. This move highlights ABReL’s strategic efforts to...
REMC and IRFC sign MOU to Power Indian Railways
The Railway Energy Management Company (REMC) and the Indian Railway Finance Corporation (IRFC) have teamed up to explore new ways to finance power projects for Indian Railways (IR). This partnership aims to ensure a reliable and sustainable energy supply for the country’s extensive rail network. Collaboration for a Stronger Power Supply REMC and IRFC have...
JUST IN
Architects Oppose Karnataka Professional Civil Engineers Bill, 2024
The recent passage of the Karnataka Professional Civil Engineers Bill, 2024 has sparked significant opposition from architects, town planners, and urban designers in the state. These professionals argue that the bill undermines their roles and could result in conflicts of authority between state and central legislation. Key Provisions of the Bill The bill mandates that...
Real Estate
Puravankara Purchases 2.3 Acres from Citrus Venture for ₹1.35 Billion
Real estate company Puravankara has purchased 2.3 acres of land in Bengaluru from Citrus Venture Projects for around ₹1.35 billion, as confirmed by sources familiar with the deal. Acquisition by Purvankara This acquisition is part of Puravankara’s plan to build an office platform, aiming to boost its rental income to ₹5 billion over the next...
NGT Criticizes SEIAA for Delaying Environmental Clearance for Gurugram Colony
The National Green Tribunal (NGT) has reprimanded the Haryana State Environmental Impact Assessment Authority (SEIAA) for repeatedly postponing the decision on environmental clearance for a 225-acre licensed colony in Sector 47, Gurugram. The criticism follows SEIAA’s failure to comply with an earlier directive from July 25, 2023. The tribunal has now granted SEIAA four weeks...
Architecture
Architects Oppose Karnataka Professional Civil Engineers Bill, 2024
The recent passage of the Karnataka Professional Civil Engineers Bill, 2024 has sparked significant opposition from architects, town planners, and urban designers in the state. These professionals argue that the bill undermines their roles and could result in conflicts of authority between state and central legislation. Key Provisions of the Bill The bill mandates that...
Read more
Interior Design
The Future of Architecture & Interior Design with AI: 15 Must-Know Tools
Artificial Intelligence (AI) is revolutionizing architecture and interior design, making the entire process faster, more efficient, and highly creative. From automating repetitive tasks like zoning analysis to creating personalized 3D interior layouts, AI is transforming the design landscape, empowering architects and designers to focus on innovation and client needs. In this blog, we’ll explore how...
Read more
Road & Highways
India Paves the Way for Sustainable Roads with Lignin Bio-bitumen
In a groundbreaking move towards sustainable infrastructure, Praj Industries has launched India’s first national highway utilizing lignin-based bio-bitumen, a greener alternative to traditional fossil-derived bitumen. This eco-friendly stretch of road on the Nagpur-Mansar Bypass marks a significant step towards reducing the environmental impact of road construction. Lignin Bio-bitumen: A Sustainable Solution Praj Industries has developed...
Events
Building Material
Interarch Building Products Invests Over Rs 950 Million in New Manufacturing Plant
IntroductionInterarch Building Products, a prominent player in the Pre-Engineered Building (PEB) sector, has announced the inauguration of its fifth PEB manufacturing facility, located in Attivaram Village, Nellore District, Andhra Pradesh. This marks the company’s fourth fully integrated unit. The plant is equipped with advanced technology for manufacturing pre-engineered steel structures, metal roofing, and cladding systems....
Technology
The Future of Architecture & Interior Design with AI: 15 Must-Know Tools
Artificial Intelligence (AI) is revolutionizing architecture and interior design, making the entire process faster, more efficient, and highly creative. From automating repetitive tasks like zoning analysis to creating personalized 3D interior layouts, AI is transforming the design landscape, empowering architects and designers to focus on innovation and client needs. In this blog, we’ll explore how...
Economy
PNC Infra Stock Hits 20% Lower Circuit After Road Ministry Imposes One-Year Ban on the Company
Shares of PNC Infratech Ltd., a well-known infrastructure company, fell to a 20% lower circuit on Monday following a significant development. The Ministry of Road Transport & Highways disqualified the company and its two subsidiaries from participating in any tender process for one year, effective from October 18, 2024. This decision has triggered a sharp...
