Latest news with #AtalMissionforRejuvenationandUrbanTransformation
Time of India
a day ago
- Business
- Time of India
Technocraft Ventures files IPO papers with Sebi, plans Rs 138 crore fundraise for working capital; strong wastewater project pipeline
Technocraft Ventures, a wastewater treatment solutions provider and public infrastructure development firm, has filed draft papers with markets regulator Sebi to launch an initial public offering (IPO). The IPO will comprise a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey Constructions, according to the draft red herring prospectus (DRHP) filed on Friday, PTI reported. Net proceeds of Rs 138 crore from the fresh issue will be used to fund working capital requirements, with the remaining amount allocated for general corporate purposes. Incorporated in 1998, Gautam Budha Nagar-based Technocraft Ventures executes turnkey engineering, procurement and construction contracts across wastewater treatment, public utility operations and maintenance, and electrical transmission and distribution projects. The company has completed assignments under flagship schemes like the Atal Mission for Rejuvenation and Urban Transformation, Namami Gange Programme, and Pradhan Mantri Gram Sadak Yojana, as well as projects backed by multilateral agencies such as the Asian Development Bank. As of June 30, 2025, the company's order book for ongoing projects stood at Rs 685.83 crore, including four joint venture projects worth Rs 383.86 crore. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When Knee Pain Hits, Start Eating These Foods, and Feel Your Pain Go Away (It's Genius) Click Here Undo by Taboola by Taboola Competitors include Denta Water, VA Tech Wabag, EMS Ltd, and Enviro Infra Engineers. In FY25, Technocraft Ventures reported revenue from operations of Rs 279.56 crore and a profit after tax of Rs 28.20 crore. Shares are proposed to be listed on both the BSE and NSE. Khambatta Securities is the sole book-running lead manager, while Bigshare Services will act as registrar to the issue. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Time of India
23-07-2025
- Business
- Time of India
Nashik civic body gets state's nod for 227cr sewage project
Nashik: The civic body received state govt's nod to begin works for a Rs227 crore sewage project at a state-level meeting in Mumbai on Monday. The state-level technical committee gave its approval to the sewage project of Nashik Municipal Corporation (NMC) under which sewerage lines with a total length of 80km are to be laid down in different parts of the city. The project will be funded under central govt's Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme. While state govt will provide 25% of the total funds, Centre too will contribute 25%. NMC will spend the remaining 50% of the project cost on its own. Superintending Engineer (Water & Sewage Management) of NMC Ravindra Dharanakar said: "Now we will prepare the tender document for the project, which will be sent again to state govt for approval. After this, we will float the tender for the project. This will take around a couple of months." The sewerage lines are to be laid in all six divisions of NMC. Some of the existing old sewerage lines will be replaced with new ones.
Time of India
22-07-2025
- Business
- Time of India
State clears Rs332-crore sewage pipeline project in 16 merged areas
Pune: The urban development department on Tuesday cleared a proposal approving Rs332 crore to build a sewage pipeline network in 16 of the 23 merged areas within the Pune Municipal Corporation (PMC) limits. "Sewage lines will be laid in 16 of the 23 merged areas after state govt's administrative approval. Tenders will be floated next month, and actual ground work is expected to begin after the rainy season," said Jagdish Khanore, a senior official from PMC's drainage department. He said the problem of open drainage lines will be resolved to a large extent after the pipelines are laid. PMC prepared a detailed project report worth Rs1,437.94 crore for the sewerage system in 23 newly included villages. The project includes replacement of old low-capacity sewage lines, laying 472-km new collection lines and 90.50-km main sewage lines. It also includes construction of 8 sewage treatment plants. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune So far, Rs533.85 crore, including Rs332 crore, have been approved under Centre's Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme. Of these, Rs343.13 crore are for sewage pipelines and Rs190.72 crore are for sewage treatment plants, officials said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like My 4-year-old kidneys are failing, only you can help Donate For Health Donate Now Undo The 16 villages where the pipelines are to be laid are Sus, Mhalunge, Narhe, Pisoli, Sanasnagar, Kondhwe-Dhawade, Kirkitwadi, Nandoshi, Khadakwasla, Navin Kopare, Nanded, Bhilarewadi, Gujar Nimbalkarwadi, Jambhulwadi, Kolewadi and Mangdewadi. The process to sanction a sewage network in the remaining seven villages — Balewadi, Autadewadi-Handewadi, Holkarwadi, Wadachiwadi, Wagholi, Shelwalewadi and Manjari Budruk — is under way.
The Hindu
21-07-2025
- Business
- The Hindu
George Town redevelopment plan of CMDA on hold
The George Town Local Area Plan (LAP), launched by the Chennai Metropolitan Development Authority (CMDA) under the Atal Mission for Rejuvenation and Urban Transformation (Amrut), has reportedly hit a roadblock due to land acquisition hurdles, according to official sources. 'The concept of a Local Area Plan is similar to urban renewal,' said K. P. Subramanian, retired Professor of Urban Engineering, Anna University. 'George Town is an ideal candidate due to its narrow roads, out-dated land use pattern, inadequate basic amenities, and non-high- buildings not commensurating with the increasing land value. But current status of this plan is unknown,' he added. The LAP was proposed to ease congestion, structural dilapidation, outdated land use patterns, narrow streets, and inadequate infrastructure. When asked about the current status, senior authorities with the State government said that there has been resistance from long-term residents and traders to redeveloping George Town — one of Chennai's oldest and densest quarters — and that there may be a need for another round of consultations. Notably, initial talks with locals were held in 2022. Documents on the CMDA website show that the LAP was conceived as early as 2006. Minutes of the 215th and 217th CMDA Authority Meetings, both held in 2006 show there was progress — including consultations with stakeholder groups such as the Gunny Bag Merchants Association and iron and steel goods traders — and allocation of funds, though without specifying how much, from the Planning and Development Fund to support LAP preparation. A Terms of Reference (ToR) document dated December 13, 2023 detailed the methodology, scope, and deliverables for in-house preparation of LAPs, aimed at improving land use, infrastructure, and urban form in high-pressure zones. As per this ToR, LAP project was to begin with a GIS-based base map, followed by field surveys on land use, building conditions, infrastructure, and transport. A vision statement was to be developed through stakeholder consultations, leading to proposals on zoning, roads, infrastructure, mobility, and open spaces, along with cost estimates and an implementation strategy. The focus on this project emerged after the CMDA initiated consultations to redevelop 12 kilometers of Anna Salai and 10 kilometers of Old Mahabalipuram Road (OMR) under an LAP project. According to a document shared by the CMDA, the LAP will focus on a 12.5-kilometre stretch between Omandurar Government Estate Junction and Kathipara Junction along Anna Salai and a 10 km stretch from SRP Tools Junction to Sholinganallur along OMR.
Time of India
17-07-2025
- Business
- Time of India
NMC to spend Rs 90cr to develop water infra in new developing areas
Nashik: The Nashik Municipal Corporation (NMC) has decided to invest Rs 90 crore in laying 100km of water distribution pipelines in developing areas on the city's outskirts, enhancing water infrastructure. The civic body has already finalised the agency through the tender process, and awarded the work order recently. "The work for laying water pipelines in the developing residential areas, including Makhmalabad, Mhasrul, Adgaon, New Indira Nagar and Pathardi, is expected to begin after the monsoon season," an NMC official. Civic officials said the work would be carried out under the Centre's Atal Mission for Rejuvenation and Urban Transformation (Amrut) scheme. NMC would get 50% of the total funds from govt under the Amrut scheme, while the rest would be borne by the civic body. The officials said they were supplying water to the residents across six divisions of the municipal corporation. "The water is sourced from Gangapur, Mukane and Darna dams. The Gangapur dam meets 80% of the water requirement of the city, while the remaining 20% is sourced from Mukane and Darna dams," another official said. In 2013, the population of Nashik city was around 16 lakh and the daily water supply was 380 million litres per day (MLD). "Today, the population has increased to 23 lakh and the daily water supply has gone up to 560 MLD. Hence, NMC is developing the water infrastructure across the city as per the development of the new residential areas in the city," the official added.
