Nitish Kumar Inaugurates ?88.38 Billion Rural Road Projects

25 Nov 2024 CW Team

Bihar Chief Minister Nitish Kumar inaugurated and laid foundation stones for 6,199 rural road and bridge projects worth ?88.38 billion ($1.06 billion) under the state鈥檚 Rural Works Department (RWD). The virtual event, held at the CM's residence, emphasized improving rural connectivity across the state.

Key projects inaugurated include:

763 roads (947 km) and four bridges (435 meters) built at ?9.83 billion ($118 million) under the Chief Minister Gram Sampark Yojana. 972 roads (1,904 km) repaired at ?11.13 billion ($134 million) under the Chief Minister Rural Road Maintenance Programme. 33 roads (104 km) upgraded for ?920 million ($11 million) under the Chief Minister Rural Road Development Scheme. The foundation stones were laid for:

1,472 roads (1,571 km) and five bridges (304 meters) to be constructed at ?18.24 billion ($219 million). 2,306 roads (4,148 km) to undergo repairs at ?23.5 billion ($283 million) under the Chief Minister Rural Road Maintenance Programme. 442 roads (1,701 km) and one bridge (27 meters) to be upgraded for ?17.39 billion ($209 million) under the Mukhyamantri Gramin Sadak Unnayan Yojana. The CM stressed the importance of quality work and regular maintenance. 鈥淭here should not be any compromise on the quality of materials and work. Maintenance must be given top priority,鈥� he said, urging officials to ensure timely completion of all projects.

RWD Minister Ashok Choudhary, Chief Secretary Amrit Lal Meena, and other senior officials attended the event, underscoring the state鈥檚 commitment to strengthening rural infrastructure.

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..