Mumbai, which is home to more than 20 million people, has always been a model for contemporary infrastructure. Considering the need for shorter commute times and world-class facilities, Mumbai is undergoing a massive transformation through the various construction of expressways, flyovers, metros, roads, and bridges that will address the key challenge of commuting while, on the other hand, helping to upgrade the city’s identity.

HERE ARE THE TOP 5 STORIES OF THE WEEK

1. GST exemption on renting residential buildings withdrawn

2. Varanasi receives 13 new projects worth Rs 1,200 crore

3. New Delhi emerges as Asia’s top private aviation hub

4. Chennai Metro Phase 2 project gets a new casting yard

5. World Bank sanctions $250 mn loan for India’s road safety programmes 

THAT’S ALL FOR THIS WEEK, STAY TUNED AT CONSTRUCTIONWORLD.IN FOR MORE UPDATES

HERE ARE THE TOP 5 STORIES OF THE WEEK

1. Telangana govt takes up Rs 8,052 cr road works under SRDP

2. NCRTC develops India's first rapid rail transit system in Ghaziabad

3. Delhi airport becomes the first airport to run on hydro and solar power

4. Govt flags off Bharat Gaurav trains linking India-Nepal

5. BMRCL launches first U-girder on Outer Ring Road

THAT’S ALL FOR THIS WEEK, STAY TUNED AT CONSTRUCTIONWORLD.IN FOR MORE UPDATES

HERE ARE THE TOP 5 STORIES OF THE WEEK

1. Six-lane National highway in Kerala to be ready by 2025

2. Govt identifies two sites for Chennai’s second airport construction

3. Railway line doubling to reduce travel time between CSMT-Karjat

4. First Road from Steel Slag Inaugurated at Surat

5. PM Modi will inaugurate railway projects worth over Rs 16k crore

That’s all for this week, stay tuned at constructionworld.in for more updates

HERE ARE THE TOP 5 STORIES OF THE WEEK

1. Airside expansion at Kolkata airport delayed by 17 months

2. Quad nations to invest $50 bn to boost infra in Indo-Pacific

3. Maharashtra govt to extend PMAY Urban scheme till September 2022

4. Delayed Metro line 3 in Mumbai expected to complete by 2024

5. Indian data centers to receive Rs 1.05 cr-1.20 lakh cr investments

THAT’S ALL FOR THIS WEEK, STAY TUNED AT CONSTRUCTIONWORLD.IN FOR MORE UPDATES

Construction has played a vital role in the revival of the economy over the last year. In yet another push for India's infrastructure sector, the union government has launched the Gati Shakti program as part of the National Infrastructure Pipeline. The plan was first announced from the ramparts of the Red fort on August 15, 2021. 

The idea behind the 'Gati shakti' scheme is that the government is aiming to create a digital platform promising the "integrated planning and coordinated execution" by sixteen ministries. 

#PMGatiShakti #5TrillionEconomy #transformedinfrastructure #foreigninvestment #digital platform #infrastructure #NewIndia #logistics #connectivity #multimodal #transportation #B2B #constructionpodcast #India #NationalInfrastructurePipeline #coordination 

HERE ARE THE TOP 5 STORIES OF THE WEEK
 Andhra Pradesh to invest Rs 6,400 cr to develop new roads Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy announced this on Monday at a high-level review meeting on roads, airports, and seaports that Andhra Pradesh government has decided to develop new roads at Rs 6,400 crore with financial aid from New Development Bank (NDB) in the state.

 Engineers India acquires Rs 1,039 cr Cauvery Basin Refinery project
Engineers India acquired 2.64% to Rs 73.85 after the firm told the media that it bagged a Rs 1,039-crore order from Chennai Petroleum Corporation (CPCL). Engineers India renders engineering, design, acquisition, construction, and integrated project management services
primarily for gas, and oil and petrochemical firms.

 Maharashtra plans Konkan Expressway construction at Rs 70k cr
The public works department, led by senior Congressman Ashok Chavan, has proposed a Rs 70,000 crore plan to build a 400 km road connecting Mumbai and Sindhudurg via Raigad and Ratnagiri. The project will reduce travel time between Mumbai and Sindhudurg from six to
seven hours to three hours when completed.

 Welspun India aims Rs 730 cr turnover from e-commerce by FY23
Mumbai-based Welspun India is looking at a Rs 730 crore turnover from e-commerce as it looks at a larger play in the USA, UK, and India through its brands by FY23.

 Maha govt allots Rs 26,831 cr for Pune outer ring road project
The Maharashtra Government gave administrative approval of Rs 26,831.24 crore for the project and a concession agreement with the Maharashtra State Road Development Corporation (MSRDC), following the Hindu Hridaysamrat Balasaheb Thackeray Maharashtra Samrud, on Monday.

That’s all for this week, stay tuned at constructionworld.in for more updates

#top5stories #news #weeklynews #development #builder #construction #building #growth #economy #Indianeconomy #topnews #indianews #constructionnews #AndhraPradesh #roads #airports #engineers #projectmanagement #gas #oil #petrochemical #Maharashtra #Welspun #e-commerce #Pune #MSRDC 

HERE ARE THE TOP 5 STORIES OF THE WEEK
 Volvo Construction Equipment launches new equipment in India Volvo Construction Equipment launched a new range of compactors, pneumatic rollers, pavers and wheel loaders for the Indian market. The company said that the machines of the new generation promise to finish across a variety of projects and deliver outstanding performance with best-in-class fuel consumption and maximum reliability.

 Adani and RIL units plan to scale up drone production in India
The development coincides with India's recent liberalisation of drone regulations, which Prime Minister Narendra Modi described as a landmark moment for the country. The total addressable market potential for drones in India is estimated to be Rs 3 lakh crore, or $40 billion, according to a Ficci study.

 Mumbai, Delhi listed in EIU’s top 50 safest cities in the world
New Delhi and Mumbai have made it to the top 50 on the Global Safe Cities Index 2021, with a score of 56.1 and 54.4, respectively. The first 10 safest cities from the Index are Copenhagen, Toronto, Singapore, Sydney, Tokyo, Amsterdam, Wellington, Hong Kong, Melbourne, and Stockholm.

 SC issues notice to demolish Supertech twin towers in Noida
The Supreme Court on Tuesday ordered the demolition of twin 40-storey towers in Supertech Ltd;s Emerald Court project in Noida for violating building by-laws in collusion with authority officials, dealing a blow to the real estate giant. Apex and Ceyane, two towers of Supertech's Emerald Court Project in Sector 93, have a total of 915 apartments and 21 shops.

 India's Top Builders 2021
This year, the winners of the CW ARCHITECT AND BUILDER AWARDS (CWAB) 2021 were Brigade Group, Embassy Property Developments, Godrej Properties, Mahindra Lifespace Developers, Mindspace Business Parts REIT, Prestige Group.

That’s all for this week, stay tuned at constructionworld.in for more updates.

#top5stories #news #weeklynews #development #builder #construction #building #growth #economy #Indianeconomy #topnews #indianews #constructionnews #Volvo #constructionequipment #drones #India #Mumbai #Delhi #Supertech #Noida #Topbuilders #constructionworld

HERE ARE THE TOP 5 STORIES OF THE WEEK

 Tata Realty plans to invest Rs 4,000 cr in real estate business

In this, Rs 2,000 crore will be spent on residential housing projects, and the other Rs 2,000 crore will be spent on commercial projects, and Tata Realty expects to invest this amount in the next two years.

 Delhi government launches new smog tower to combat air pollution

Delhi has installed a new smog tower, a technological aid to help combat air pollution. Chief Minister Arvind Kejriwal inaugurated the tower behind the Shivaji Stadium Metro station. The structure of the smog tower is 24 m high, which is as high as an 8-storey building. It also has an 18 metre (m) concrete tower with a 6 m high canopy top. There are 40 fans at its base, with ten of them on each side.

 Ambuja Cements begins trial run at Marwar Cement plant in Rajasthan

This greenfield integrated plant improves Ambuja’s clinker capacity by 3 MTPA and helps in enhancing cement sales by 5 MTPA, thereby adding to the long term goal of capacity expansion. Additionally, it is the second integrated plant of Ambuja in Rajasthan and 6th in the nation.

 NIIF negotiates with L&T to invest Rs 4k cr in Hyderabad metro

National Investment and Infrastructure Fund (NIIF) is negotiating with Larsen and Toubro (L&T) to invest Rs 4,000 crore in the Hyderabad metro project. L&T's big investment in a single project has been suffering due to the cost and time overruns, and traffic loss more affected due to the Covid-19 pandemic.

 GMR gets nod to operate Nagpur airport

GMR Group, an Indian infrastructure development company to take over operations and upgrade projects at Babasaheb Ambedkar International Airport in Nagpur. GMR said that it expects to develop the airport in phases to attain a capacity of 30 million passengers per annum.

That’s all for this week, stay tuned at constructionworld.in for updates.

#top5stories #news #weeklynews #development #builder #construction #building #growth #economy #Indianeconomy #topnews #indianews #constructionnews #investment #housing #Delhi #government #technology #metro #cement #Rajasthan #Hyderabad #Nagpur #airport #India 

HERE ARE THE TOP 5 STORIES OF THE WEEK

 Karnataka govt asks Nirmithi Kendras to opt for green construction.

In 2020, the Bengaluru government ordered all the Nirmithi Kendras or infrastructure development societies in Karnataka districts to shift towards low-cost, environmentally-friendly materials for green constructions.

 Tata Motors signs MoU with Gujarat to set up vehicle scrapping unit.

As a part of the Investment Promotion Activity, Tata Motors signed a Memorandum of Understanding (MoU) with the government of Gujarat to set up a Registered Vehicle Scrapping Facility (RVSF) in Ahmedabad for passengers and commercial vehicles. The scrapping unit would be able to recycle up to 36,000 vehicles every year.

 Govt nods usage of drones for 10 firms for various purposes.

Government of Karnataka, Mahindra and Mahindra Limited, Blue Ray aviation, Asia Pacific, Bayer Crop Science, Gangtok smart city development Limited, Steel Authority of India Limited, Chennai- based Tractors and Farm Equipment Limited, The national health mission in Mumbai are the 10 firms. The ministry said, that it has given a conditional exemption to 10 organisations from the unmanned aircraft system (UAS) Rules, 2021, and it is valid for a year from the approval date or until further orders.

 Guwahati smart city to overhaul project operations with a new zeal.

The Guwahati smart city department has claimed to restore its operations with new enthusiasm after an initial gap. According to the insiders of the Guwahati Smart City Limited (GSCL), a revamp has been made with fresh projects along with carrying over a few of the old projects. 14 projects are on their pipeline.

 Saturn Realtors purchases Kingfisher House for Rs 52 crore.

Kingfisher House, the former headquarters of the bankrupt airline, has been sold to Saturn Realtors for Rs 52 crore. The building comprises a basement, an upper-ground floor, a ground floor, and an upper floor, measuring a total of 1,586 sq mt, housed on a 2,402 sq mt plot. On 31 July, the registration of the deal took place. The Maharashtra government received Rs 2.61 crore as stamp duty from Saturn Realtors.

That’s all for this week, stay tuned at constructionworld.in for updates.

#Karnataka #government #environment #Gujarat #drones #smartcity #realtors #Maharashtra #top5stories #news #weeklynews #development #builder #construction #building #growth #economy #Indianeconomy #topnews #indianews

HERE ARE THE TOP 5 STORIES OF THE WEEK

 Reliance, Bill Gates, other investors to invest $144 mn in Ambri Inc

The investment will commercialise and grow the company's long-duration battery storage systems. The company is to invest after Reliance unveiled an investment of $10 billion in a green power plant for net carbon zero by 2035, along with developing four Giga factories in Jamnagar, Gujarat, as a project of the Dhirubhai Ambani Green Energy Giga Complex. The facility will produce solar cells, solar modules, energy storage batteries, fuel cells and green hydrogen.

 CREDAI urges govt. to allow input tax credit for developers

CREDAI, a real estate developer, has asked that input tax credit (ITC) below the goods and service tax (GST) administration must be allowed to developers. As it could lead to a decrease in housing prices by 10%.

 Maharashtra govt. flags off 24 more e-buses for Mumbai

These e-buses can take 35 passengers and 24 standees. For the physically challenged, the buses have wheelchair access, ITMS, based on GPS, panic buttons, air suspension, and other amenities that would make it simpler for the bus driver to operate without gears and clutches. It would also benefit in reducing air and noise pollution.

 Goa RERA drafts rules to extend realty project deadlines by a year

The department of urban development has drafted rules to prolong the completion timelines for real estate projects, registered with the Goa Real Estate Regulatory Authority (RERA). According to the rules, the builder would be given an additional term of one year to achieve the project, with any further extension being given on a case to case basis.

 Thirteen states in India approve dedicated electric vehicle policies

Delhi, Kerala, Maharashtra, Telangana, Uttarakhand, Gujarat, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu, Uttar Pradesh, Meghalaya and West Bengal, have approved the dedicated electric vehicle policies to promote the adoption of electric vehicles.

That’s all for this week, stay tuned at constructionworld.in for updates.

#top5stories #news #weeklynews #Reliance #BillGates #investment #realestate #tax #developers #contractors #Maharashtra #Goa #urban #development #builder #construction #building #growth #economy #Indianeconomy #topnews #indianews 

Today in urban and rural areas, people have an alternate method to buy any product. When our favourite neighbourhood store does not have the product that we need, we look online to fulfil our needs. This attitude has led to an expansion of the warehousing and logistics industry of the country.

As per an article by VCCircle, nearly 700 million internet users throughout the country and an exponential uptake of e-commerce owing to countrywide lockdowns, warehousing saw a huge drive in demand in India.

#warehousing #logistics #construction #e-commerce #onlineshopping #Flipkart #Walmart #infrastructure #builders #contractors #industrial #Hiranandani #Purvankara #GreenBase #Blackstone #B2B #constructionpodcast #India 

HERE ARE THE TOP 5 STORIES OF THE WEEK

 UP govt plans to inaugurate 34 development projects worth Rs 9,691

crore

The state government has planned to inaugurate around 76 development projects costing

over Rs 57,800 crore, and it has identified almost 34 projects costing over Rs 9,691 crore in

Uttar Pradesh. The foundation stone of these 34 projects could be laid in the following 100

days.

 Tata Steel Kalinganagar launches robotic system for Wagon Tippler.

Tata Steel Kalinganagar, a steel factory in Jajpur, Odisha, has upgraded its Wagon Tippler

operation with a new robotic system. A novel robotics operating system for Wagon Tippler

has been introduced to eliminate the man-machine contact while handling Railway waggons

following a tippling operation during each cycle.

 Adani to take over Thiruvananthapuram airport ops by October 14.

Adani Thiruvananthapuram International Airport Ltd may take control of the airport by

October 14. It won the bid for running the airport for 50 years, and has reported seeking an

extension of three months to take over after signing the agreement with the Airport

Authority of India (AAI), which expire on October 18.

 GMLR flyover in Mumbai opens after delay of three years.

The 2.9 km long flyover, will be vital for motorists as it will decrease the travel time by 25

minutes on the congested Ghatkoper-Mankhurd Link Road by connecting it to the road

leading towards Vashi, especially on Baiganwadi Junction at Shivaji Nagar.

 Vedanta Aluminium is now the largest buyer of green energy in India.

Aluminium manufacturing major, Vedanta Aluminium becomes the largest green power

purchaser on the Green Term-Ahead Market (GTAM) platform at the Indian Energy Exchange

(IEX) in the first quarter of the fiscal year 2021-22. The acquisition of green power units by

the company accounts for more than 35% of the green power traded on the IEX in Q1 FY22,

according to the statement released by Vedanta.

That’s all for this week, stay tunned at constructionworld.in for updates.

#top5stories #news #weeklynews #UP #government #steel #airport #flyover #construction #building #Mumbai #Aluminium #greenenergy #topnews #indiannews #constructionnews #growth #economy #Indianeconomy 

In our last episode we were able to segregate “technology in construction” into 3 different segments: contech, prop tech and IT. But in today’s conversation, we’re going to give our listeners an in-depth understanding of this niche industry. Allow me to welcome our guest speaker, Mr. Kalyan Vaidyanathan.

Mr. Vaidyanathan is  the Director of Business Development at ConstructHelix, the construction solutions division of Bentley Systems India Pvt. Ltd. He has nearly 25 years of combined experience in managing construction projects and enterprise software development, has won many awards and also has published widely.

#technology #construction #COVID-19 #contech #proptech #constructiontechnology #IT #innovation #realestate #engineers #builders #architects #manufacturing #building #development #contractors #ICT #softwares #programmes #digitalisation #ConstructHelix #Bentley 

HERE ARE THE TOP 5 STORIES OF THE WEEK

 IMF SCALES DOWN INDIA’S ECONOMIC GROWTH FORECAST

The International Monetary Fund (IMF) has slashed India’s economic growth forecast for the

current fiscal year by 300 basis points to 9.5%, down from 12.5% in April. The IMF attributed

the downward revision to a lack of access to vaccines and the possibility of new coronavirus

outbreaks.

 MHADA TO PROVIDE PREFABRICATED HOMES TO FLOOD VICTIMS IN MAHAD

The Maharashtra Housing and Area Development Authority (MHADA) will construct ready-

to-move-in prefabricated homes for residents of Taliye village near Mahad whose homes

were previously destroyed by floods and landslides. This task has been assigned to Housing

Minister Jitendra Awhad by Chief Minister Uddhav Thackeray and Nationalist Congress Party

Chief Sharad Pawar.

 VEDANTA TO INVEST RS. 6,611 CRORE FOR BHARAT ALUMINIUM EXPANSION

Vedanta, an oil and gas and metals company, announced that it would fund Rs 6,611 crore in

the next 18-24 months to expand the smelter capacity at Bharat Aluminium Company Ltd

(Balco). After the expansion, the smelter capacity of Balco would grow by 414 kilo tonnes

Per Annum (ktpa).

 INDIA’S CEMENT INDUSTRY OUTLOOK IN FY22 IS BRIGHT: KUMAR BIRLA

Chairman of UltraTech Cement, Kumar Mangalam Birla, told the media that the Indian

cement industry is on growth path, led by various government’s initiatives. The cement

industry is likely to have bright prospects in this financial year (FY).

 JINDAL STEEL AND POWER REVISES POWER ARM’S DIVESTMENT

Jindal Steel and Power Ltd (JSPL) has received a revised offer of Rs 7,401 crore for the

divestment plan of the company’s subsidiary Jindal Power Ltd (JPL) from Worldone Private

Ltd for its thermal power arm.

That’s all for this week, stay tunned at constructionworld.in for more updates.

#top5stories #news #weeklynews #IMF #economicgrowth #economy #growth #MHADA #government #floods #investment #oil #gas #cement #steel #power #latestnews #topnews #Indianews #construction #builders #India

As we know, construction has played a vital role in the revival of the economy over the last year. With so many restrictions on travel, companies have had to adopt various technologies to plan, monitor, and execute projects on time.

We anticipate the ongoing COVID-19 pandemic to accelerate the adoption of technology, and the construction sector to continue its transition from a highly complex, fragmented, and project-based business to one that is increasingly standardised, centralised, and integrated. Thus, this episode is dedicated to explaining the fundamentals and differences in types of technology used in construction.

#technology #construction #COVID-19 #contech #proptech #constructiontechnology #IT #innovation #realestate #engineers #builders #architects #manufacturing #building #development #contractors #ICT #softwares #programmes #digitalisation  

HERE ARE THE TOP 5 STORIES OF THE WEEK

 NAREDCO demands one-time loan restructuring for stuck realty projects - National Real Estate Development Council (NAREDCO) has urged the government for a one-time restructuring of loans and last-mile funding for stalled realty projects to rescue the real estate sector from the liquidity crisis caused by Covid 19.

 Karnataka enters pact with 23 firms for Rs 28k cr infra investments - The Karnataka government has entered an agreement with 23 companies, including 12 multinational companies, for investments of around Rs 28,000 crore. During the beginning of the pandemic, the government cleared over 520 industrial projects, including the MoUs signed with the 23 companies, with a total of Rs 77,000 crore investments in multiple sectors.

 Tamil Nadu to set up flying squads to monitor under construction buildings - Tamil Nadu's housing and urban development minister S Muthusamy told the media that the state will form flying squads to inspect buildings under construction to ensure that the layout and approval are correct. According to the minister, if there are any flaws, they will be addressed as soon as possible based on the flying squad's reports.

 Hyderabad emerges as real estate investment hub for NRIs- Abhishek Chanda, Director, Vasavi Group, said that the Hyderabad construction and real estate sector is the most suitable investment option for NRIs, with greater Return on Investment (ROI) varying between 12 to 20% annually.

 Tamil Nadu govt gets Rs 28,508 cr via companies for 49 projects- The Tamil Nadu government, through companies, received Rs 28,508 crore for 49 projects that are expected to provide job opportunities to 83,482 people. The investments are in the power plant, electronics, industrial parks, auto-components, IT and ITeS services, manufacturing, food processor, pharmaceuticals, footwear, and textiles.

That’s all for this week, stay tuned at constructionworld.in for more updates.

#top5stories #news #weeklynews #NAREDCO #Covid-19 #Karnataka #investment #TamilNadu #housing #development #Hyderabad #realestate #construction #infrastructure #growth #Indianews #topnews #constructionnews

As we know, coronavirus has had a suffocating effect on the Indian real estate market. In fact it was do suffocating that it brought property transactions to a standstill last year when the country was put under lockdown between March and June 2020. Since then, the market has made many steps toward recovery, and just when it appeared that a comeback was on the horizon, the country was hit by yet another viral wave.

Despite the deadly second wave of Covid-19, which had severe economic ramifications in April and May, positive signs of recovery in residential real estate demand were apparent in June, with a pan-India price growth of 1.7 percent during the quarter, according to the latest Magicbricks PropIndex Q2 (April-May-June) 2021 report.

Due to the second wave's intermittent lockout and the continuation of Work-From-House (WFH) rules, demand for 3BHKs and higher configurations have accounted for more than 65% of the overall demand in the real estate market. This can be explained because home owners now seek to upgrade and accommodate the need for an extra room for a home-office, study area, or simply a calm nook.

To understand how COVID-19 has affected the real estate industry, please allow me to introduce our guest Mr.Manish Shah, CEO of Godrej Housing Finance

#construction #infrastructure #business #B2B #news #realestate #housing #Indianrealestate #businesspodcast #B2B #guestspeaker #contractors #educational #indianews 

HERE ARE THE TOP 5 STORIES OF THE WEEK   ALPHA CORP TO COMPLETE THREE STALLED PROJECTS IN NCR AT RS.900 CRORE  

Alpha Corp will invest around Rs.900 crore to complete three stalled projects of Earth Infrastructure, that are acquired by the process of insolvency. The three stalled projects include a developable and saleable area of about 4.5 million sq. ft, which are located in Gurugram and Greater Noida.  

GODREJ PROPERTIES TO INVEST ABOVE $1 BILLION IN COMING YEARS  

Pirojsha Godrej, Executive Chairman, Godrej Properties Limited (GPL) told the media that the company aims to invest over $1 billion over the next couple of years to obtain and develop new projects as part of its plan to obtain higher growth.  

MODEL TENANCY ACT: KARNATAKA TO IMPLEMENT ACT SOON   

On Tuesday, R Ashoka, Karnataka Revenue Minister, told the media that the state is planning to adopt the central government’s Model Tenancy Act, aiming to end the continuous tenant-owner conflicts besides strengthening the rental housing sector.  CEMENT VOLUME REGISTERS 20% 

GROWTH RECOVERY IN JUNE: INDIA RATINGS  

Ratings agency India Ratings, in a report, said with the gradual decrease in the Covid-19 curbs and pre-monsoon surge demand, cement volume noted an increase of about 20% in June.   

RLDA FLOATS TENDER TO LEASE VACANT LAND PARCEL IN GUWAHATI  

The Rail Land Development Authority (RLDA) has floated a tender to lease vacant land parcel for residential-cum-commercial development at Ambari chowk in Guwahati. RLDA has over 100 commercial sites across India for leasing, and the eligible developers for every site will be selected through an open and transparent bidding process.

#top5stories #news #weeklynews #Godrej #modeltenancyact #growth #india #indianews #RLDA #Guwahati #construction #infrastructure #law #investment #topnews

India Ratings recently reported that the domestic steel consumption over April 2020-February 2021 was down by 8.8%. But even with this significant fall, some companies were able to double their profits in FY2021. How were they able to do that?

• It could be because some dealers say,

• upon re-opening of markets, demand is driven by state government projects in areas such as schools, roads and affordable housing with the restart of infrastructure projects.

• Or, it could be because Industry officials mentioned costs of various grades of the metal have increased 60-100% between July 2020 and May 2021.

• Infact, the steel TMT bar prices by primary producers touched the Rs 59,000 per tonne (excluding 18% GST) mark which is about 10% higher than the level prevailing in the month of February 2021.

•  Similarly, cement costs increased 50-70% from 2020 to 2021.

•  At present, the retail price of cement is Rs 420 per bag, whereas, it was only Rs 280 in FY20

• And these price are only expected to increase in the coming months.

But to understand what the impact of this price hike has been on contracting firms all around the country, please allow me to introduce you to our esteemed guest for this week’s episode, Mr Hardik Agrawal, Director, Dineshchandra R. Agrawal Infracon Private Limited

#construction #infrastructure #business #B2B #news #risingprices #steel #cement #businesspodcast #B2B #guestspeaker #contractors #educational #indianews