G R Infraprojects secures NHAI road project in Bihar
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Deccan Herald
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Rinac plans Rs 100 crore investment to expand capacity
Rinac reported a Rs 520-crore revenue for the year ended March 2025 and is looking at a growth of 25% in the current fiscal. It is also planning to hit the capital market with an IPO in the next three years.
United News of India
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Rajnath Singh to lay foundation stone for Rs 1,800 cr rail coach unit in MP
Bhopal, Aug 10 (UNI) Madhya Pradesh Chief Minister Mohan Yadav announced that the state is set to receive a major boost under Prime Minister Narendra Modi's vision—a new rail coach manufacturing unit. Defence Minister Rajnath Singh will perform the bhoomipujan ceremony today at Dussehra Maidan in Obeidullaganj to mark the start of the project. The event will also be attended by Union Minister of Agriculture & Farmers' Welfare and Rural Development Shivraj Singh Chauhan, Defence Production Secretary Sanjeev Kumar, Railway Board Chairman Satish Kumar, and Bharat Earth Movers Ltd (BEML) Chairman Shantanu Rai. A short film on the BEML project, a 3D walk-through of the proposed plant, and models of new facilities will be showcased during the programme. The plant under the name Brahma Project (BEML Rail Hub for Manufacturing) will be built on over 60 hectares in Umariya village of Raisen district, near the Bhopal border, at a cost of Rs 1,800 crore. The facility is expected to benefit Bhopal, Raisen, Sehore, and Vidisha districts, creating employment for over 5,000 people, both directly and indirectly. Technical students from the region will particularly gain from new job opportunities. Calling it a significant boost to the Make in India initiative, Yadav said the unit will manufacture coaches for Vande Bharat, Amrit Bharat, and metro trains, ushering in a 'new era' for India's rail network. The project will also stimulate industrial growth in nearby areas, including Mandideep. The decision to establish the factory was taken a few months ago during Yadav's visit to the BEML institute in Bengaluru. The Chief Minister emphasized that the unit will fully align with Make in India and Atmanirbhar Bharat goals by utilizing mostly indigenous technology and materials, reducing foreign dependence and positioning India as a leader in defence manufacturing. 'Under the leadership of PM Modi, a new chapter of industrial development will be scripted,' Yadav said, adding that investors from Madhya Pradesh and across the country are being invited to participate. The project prioritizes environmental sustainability, featuring zero liquid waste, use of solar and renewable energy, rainwater harvesting, and green landscaping. Built as a 'green factory' using recycled and sustainable materials, the plant will initially produce 125–200 coaches per year, with capacity planned to scale up to 1,100 coaches annually within five years. Yadav said that the project will not only generate thousands of jobs but also enhance the state's technological capabilities, making Madhya Pradesh a competitive player in the global high-speed rail and metro market. UNI AC SQ AAB
Deccan Herald
32 minutes ago
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Trump's tariff puts Tiruppur knitwear exporters in jeopardy
K M Subramanian, President, Tiruppur Exporters Association (TEA) said that if these US tariffs persist, Tiruppur alone could lose at least Rs 6,000 crore in the immediate future, forcing exporters to seek new markets.
