Vaishnaw Reviews Puri-Konark Rail Line Project Progress

15 Apr 2025 CW Team

The long-anticipated Puri-Konark rail line is progressing as land acquisition for the project is underway. The Union Railway Ministry has stated that the acquisition process is expected to conclude within the next 12 to 16 months, after which construction work will begin. This development will enhance connectivity between Puri and Konark, two major tourist destinations.

In addition to the rail line project, the on-going redevelopment of Puri Railway Station is also a focal point. Since 2023, the station has been undergoing an upgrade under the Amrit Station Scheme. The goal is to create a world-class facility that seamlessly combines heritage elements with modern amenities, improving both functionality and passenger experience.

The project is seen as a significant step towards improving rail infrastructure in Odisha. With the Puri-Konark rail line set to facilitate easier access to both locations, it is expected to greatly benefit tourism. It will offer a more convenient travel option for pilgrims and tourists visiting these historic sites. The completion of these initiatives reflects the government鈥檚 commitment to enhancing the region's transportation infrastructure and boosting tourism.

News source: Argus

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..