BBMP to Spend Rs 537 Million on Consultants for Infra Projects

21 May 2025 CW Team

The Bruhat Bengaluru Mahanagara Palike (BBMP) is set to spend Rs 537 million on consultancy services for various infrastructure projects under the Brand Bengaluru initiative. The move is part of Karnataka鈥檚 broader aim to decongest the city and strengthen mobility.

BBMP has already spent over Rs 140 million for detailed project reports (DPRs), including Rs 95 million to Rodic Consultants for an eighteen-kilometre tunnel road from Hebbal to Silk Board and Rs 47 million to Altinok Consulting for a feasibility study on a 170-kilometre network. Another Rs 90 million is planned for Rodic鈥檚 DPR on an east-west tunnel between KR Puram and Nayandahalli.

In addition, Rs 220 million will be spent on Siddhi Consulting Engineers, Nagesh Consultants, and Infra Support to prepare DPRs for four elevated corridors. Boston Consulting Group has been hired as financial advisor for Rs 85 million over twenty-one weeks.

Rodic Consultants has faced criticism for alleged errors in earlier DPRs, including a Rs 500 thousand fine. Approval is pending for its new assignment.

The government has allocated Rs seven billion to BBMP for financial year 2025-26 and provided a Rs 19 billion guarantee to back tunnel projects worth Rs 40 billion.

Source:The Indian Express

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..