Rs 175.8 Bn Invested Under PLI Scheme for Specialty Steel

31 Dec 2024 CW Team

As of October 2024, companies have invested Rs 175.8 billion (bn) under the PLI scheme for specialty steel, contributing to the goal of reducing imports and boosting domestic production. The scheme has also created over 8,660 jobs, with a total investment commitment of Rs 271.06 bn. Despite challenges like supply chain delays and geopolitical factors, the government is taking steps to expedite project clearances and address concerns to meet the sector's targets.

Infrastructure Transport

15 May 2025

Bihar Approves Rs 330 Billion Road Upgrade Plan for FY26

The Ministry of Road Transport and Highways has approved Bihar鈥檚 Rs 330 Bn road development plan for financial year twenty twenty-six. The announcement was made by Road Construction Minister Nitin Naveen, outlining projects aimed at boosting infrastructure and economic growth.Detailed Project Reports have been prepared for works worth Rs 180 to 190 Bn, with construction expected to begin before 15 August upon central approval. Around Rs 199.81 Bn will be spent to upgrade five hundred and twenty-six kilometres of roads to two-lane and four-lane highways.Eight major roads have been approved, i..

Infrastructure Transport

15 May 2025

Reay Road Bridge Inaugurated to Ease South Mumbai Traffic

South Mumbai will unveil the Reay Road Bridge on 13 May 2025, marking a major milestone in the city鈥檚 infrastructure development. This is Mumbai鈥檚 first land-based cable-stayed road overbridge and spans three hundred and eighty-five metres, connecting Byculla and Mazgaon.The six-lane structure includes pedestrian pathways and aims to ease congestion while improving connectivity. The project began on 14 February 2022 after demolition of the earlier British-era bridge. Though construction was completed in December 2024, the formal inauguration is scheduled six months later.Built at an estima..

Infrastructure Transport

15 May 2025

India to Upgrade 30,000 Km Highways with Rs 10 Trillion Plan

The Ministry of Road Transport and Highways has announced plans to convert twenty-five thousand to thirty thousand kilometres of two-lane highways into four-lane roads. With a proposed investment of Rs 10 trillion, the project is expected to enhance logistics, reduce travel time, and support long-term economic growth.Union Minister Nitin Gadkari highlighted the initiative as central to improving national connectivity. The plan aims to complete road projects worth Rs five to six trillion annually, contributing to a seamless transportation corridor for trade and mobility.To fund the expansion, t..