Top 5 stories of this week- 25th June, 2021 | Construction World

MAHARASHTRA GOVERNMENT SCRAPS PLAN FOR SLUM REHABILITATION SCHEME IN AAREY COLONY

Slum Rehabilitation Authority chief Satish Lokhande in a notification issued on Wednesday said that the Bombay High Court in a 2012 PIL has passed an order in 2016 stating that given the National Green Tribunal and interim orders passed by the court the slum rehabilitation scheme cannot be implemented in the Aarey Colony Area. Therefore, the notification issued earlier has been cancelled.

VEDANTA EMERGES AS SUCCESSFUL BIDDER FOR COAL BLOCK IN ODISHA

In the first attempt of auction under 11th tranche of auction under the CM Act 2015 and under first tranche of auction under the MMDR Act 1957, out of the 38 coal mines, 19 have been successfully auctioned.

INDIA RECEIVED $64 BILLION IN FOREIGN DIRECT INVESTMENT IN 2020: UNITED NATIONS

India received USD 64 billion in Foreign Direct Investment in 2020, the fifth largest recipient of inflows in the world, according to a UN report which said COVID-19 second wave in the country weighs heavily on the countries overall economic activities but its strong fundamental provide optimism for the medium term.

ADANI POWER BAGS ESSAR POWER’S 1,200 MW MAHAN PROJECTS

The country largest power producer in the private sector, Adani Power, emerged as the successful bidder for Essar Power’s 1,200 MW thermal power project located in Mahan, Madhya Pradesh.

CEMENT PRICES IN INDIA IMPROVE, MAXIMUM HIKE IN SOUTHERN INDIA
Cement prices have improved across India in June. The latest dealers channel check by kotak Institutional Equities showed that all India prices rose 4% to Rs.376 per 50-kilogram bag, this was sparked by an 11% month-over-month rise in prices in southern India to Rs.415 per bag.

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