The government has allocated a total of Rs 19,518 crore to all metro projects across India in the Union Budget 2023-24. The total budgetary outlay for year 2023-24 for all metro projects stands at Rs 19,518 crore.

The 'Lite Metro' may be introduced to Chennai's public transportation system in the near future. The Chennai Unified Metropolitan Transport Authority (CUMTA) is planning to conduct a preliminary feasibility assessment on executing the Lite Metro project in Chennai.

Armed with substantially lighter balance sheet after repaying Rs 2 lakh crore debt, Essar is embarking on the next phase of growth by investing in hydrogen projects, building LNG import facility and retail chain, and setting up steel plants.

Indian state-run oil companies will spend $12.95 billion in the next fiscal year from April, a growth of about 27 per cent from the revised estimates of this year, budget document shows. India, the world’s third-biggest oil importer and consumer, wants to unlock its hydrocarbon reserves to cut dependence on costly imports.

India’s planned strategic gas reserve may come up as a joint venture of public sector companies or as a public-private partnership (PPP). The reserve may be set up as a separate entity on the lines of the Indian Strategic Petroleum Reserve.

In the biggest-ever civic contract to concrete 400 km of road for Rs 6,080 crore, the BMC has finalised five big construction firms experienced in national highway construction to execute the work and has weeded out small road contractors

The Brihanmumbai Municipal Corporation (BMC) will soon undertake a Juhu Beach beautification project, for which K West Ward has allotted Rs 4 crore. The theme of the project is ‘Plastic-free Ocean’. As part of the beautification, the BMC will install lights at the entrance of the beach and art for children’s entertainment.

The recently constituted Cotton Board has sought Rs 35-crore loan from the National Cooperative Development Corporation (NCDC) for purchase of cotton meant for textile mills in the State. A.P.M. Mohammed Hanish, Principal Secretary, Industries, who heads the Board told that the Board was constituted to ensure transparent purchase of raw material for spinning mills at the most advantageous price.

Adani Enterprises signed a deal with Ashok Leyland and Ballard Power to launch a pilot project to develop a hydrogen fuel cell electric truck for mining logistics and transportation — a first in Asia. The FCET is scheduled to be launched in India in 2023.