The engineering and consulting services major will invest Rs. 430 crore (€50 million) over the next five years to strengthen its foothold in India. The French multinational is looking to grow its presence here by acquiring smaller firms and strengthening its portfolio in areas like railways and water management.

Amid a shortage of funds for various development projects, the Brihanmumbai Municipal Corporation will divert Rs. 600 crore from the emergency infrastructure requirement fund to the roads, bridges and stormwater drain departments. The proposal was brought to ensure that the development works does not face delay.

The subsidiary of the MRG Group has signed a memorandum with the Karnataka Digital Economy Mission to develop an IT Park in the state. As per the MoU, the MRG Group will build the park on 15 acres of land at Goldfinch City, Mangaluru. Phase 1 of the project will have a built-up area of 2 lakh sq ft.

The state-owned company has informed to the bourses in a regulatory filing that it has received total business of Rs. 467.44 crore in the month of October. NBCC (India) is a blue-chip corporation under the Union Ministry of Housing and Urban Affairs.

The JMC has completed several projects, including Vertical Garden, façade lighting illumination of Bahu Fort, fountains at Rotaries, multilevel parking at bus stand and Phase-1 of wayfinding signage, in the stipulated time frame and work on other important projects is in full swing.

The subsidiary of MRG group has signed a memorandum with the Karnataka Digital Economy Mission to develop an IT Park in Mangaluru. A detailed project report was submitted to the government on building the infrastructure on the KEONICS land at Blueberry Hills over 20 years ago.

Marking the beginning of work on the petrochemical park in Kochi, KINFRA has invited tenders for the first phase of the petrochemical park project. The tender cost is Rs. 127.69 crore for the first phase. The project is expected to give a huge push for the development of Kochi.

The company has received a letter of acceptance for the execution of the contract for protection of cutting and embankment by construction of RCC retaining wall, catch water drain, sub-surface drain, etc in connection with the new BG Railway line from Bairabi to Sairang (Mizoram) for a total amount Rs. 101.51 crore.

VM-7 Expressway, a special purpose vehicle of IRB Infrastructure Developers, has received a contract letter from NHAI for its 27.5 km Gandeva-Ena hybrid annuity project on the upcoming Vadodara-Mumbai Expressway. The SPV is set to commence the construction work on the project soon.