Construction Infrastructure
Aditya Birla plans ₹1,000-cr cement unit in West Bengal
Aditya Birla Group stated that it will invest approximately Rs 1,000 crore to set up a coatings department in West Bengal, which will be put into use in the next 18 to 24 months.
Officials said that in a recent letter to Chief Minister Mamata Banerjee, the group expressed interest in establishing a paint manufacturing department in the state, and then three representatives of the group met with chief secretary H K Dwivedi on Thursday afternoon. They said that the organization has asked for the allocation of land for a decorative paint unit on 80 acres of land in Vidyasagar Park in Karagpur for backward integration.
A state government official said that the paint factory itself will provide employment opportunities for 600 people and will create indirect employment opportunities for more than 1,500 people. In response to this development, Partha Chatterjee, Minister of Industry of West Bengal State, said that this is a good sign, indicating that under the leadership of Mamata Banerjee, the state’s industrialization process is accelerating.
He said that the investment promotion committee recently established by the state government will help to better coordinate the departments and accelerate the pace of industrialization.
News Source : Business Standard
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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