logo
Soon, a grand gate to welcome tourists at Chakghat border

Soon, a grand gate to welcome tourists at Chakghat border

Time of India24-04-2025

Prayagraj: A grand gate is set to enhance the border of Uttar Pradesh and Madhya Pradesh depicting the rich culture and traditions of UP to welcome the tourists and vistors entering the state.
Tired of too many ads? go ad free now
Constructed at a cost of Rs 2.53 crore at the
Chakghat border
, the welcome gate is being built as a part of an initiative by Chief Minister
.
The Public Works Department (PWD) has finalised all preparations, including the tender process and the construction is scheduled to start on May 2, with construction block 3 entrusted with executing the task. Aimed at creating a symbolic and aesthetic gateway, the gate will feature the illuminated slogan 'You are welcome in UP,' adding a warm touch for visitors entering the state.
For environmental sustainability, the area spanning around 100 meters surrounding the gate will be adorned with around 100 plants.
Executive engineer, PWD Naveen Kumar Sharma, confirmed that all the procedural requirements are complete and the groundwork is set for the commencement on May 2. A budget of Rs 2.53 crore has been sanctioned for the project. The budget was approved after Holi and released in the second week of April.
Meanwhile, another major infrastructure project in Prayagraj, of six-lane bridge over the Ganga, is lingering. The 9.90 km long bridge, stretching from Malak Harhar tri-section to Tripathi crossing on Lala Lajpat road, is being constructed at a cost of Rs 1,948.25 crore. Initiated in Feb 2021, the bridge was expected to be completed by Feb 2024.
Around 77% of the work was completed however the project missed its deadline.
Tired of too many ads? go ad free now
The constructing agency was granted a one-year extension, with a revised deadline of Feb 2025. The work halted during the Maha Kumbh period in Jan and Feb and was resumed in early April, with current efforts focused on placing 200-meter and 120-meter long spans over the Ganga. Despite the progress, further delays loom.
MD of Singla & Company Sunil Singla, has written to the ministry of road transport and highways requesting an extension until Dec 2026.
The letter cites monsoon-induced floods from July to Oct in both 2025 and 2026 as a significant barrier in timely completion. The ministry is yet to respond.
"The work is in progress and we are ensuring that there is no compromise with the quality of work," said project manager, Nusratullah Khan of the ministry of road and transport, under which the ambitious project is being executed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Higher crude oil prices a net positive for upstream cos, possibly for OMCs too: Kotak Equities
Higher crude oil prices a net positive for upstream cos, possibly for OMCs too: Kotak Equities

Economic Times

time13 minutes ago

  • Economic Times

Higher crude oil prices a net positive for upstream cos, possibly for OMCs too: Kotak Equities

The recent rise in crude oil prices may prove beneficial not only for upstream oil companies but also for oil marketing companies (OMCs), according to a report by domestic brokerage firm Kotak Institutional Equities. ADVERTISEMENT In a recent note, the brokerage highlights that the latest rally in oil prices, with Brent crude being up 15% since early June, could aid upstream companies such as ONGC and Oil India by lifting their net realizations and earnings. "Brent has moved up to US$85/bbl from US$74/bbl earlier in the month," the brokerage said, adding that every US$1/bbl increase in Brent prices adds Rs 2.4–2.5/share to ONGC's EPS and Rs 3.5–4/share to Oil India's EPS, assuming no changes in government levies. According to Kotak, ONGC's base case assumes an oil price of US$80/bbl Interestingly, the brokerage also sees the potential for OMCs to benefit from higher oil prices under current market conditions. 'Oil marketing companies (BPCL, HPCL, IOCL) may benefit too, if the government maintains current pump prices,' Kotak stated. The report notes that despite the recent increase in Brent prices, auto fuel prices have remained unchanged in India, implying potential margin expansion for OMCs. ADVERTISEMENT "OMCs are seeing marketing margins rise to Rs 5.6/liter for diesel and Rs 7/liter for petrol," the report stated, assuming average Brent at US$85/bbl and a USD/INR exchange rate of Kotak points out that HPCL's marketing EBITDA was Rs 3.5/liter in FY24, suggesting that current margin levels may offer substantial upside if they persist. The firm acknowledges that while refining margins remain modest, the improving marketing profitability may offset those concerns. ADVERTISEMENT On refining, the brokerage notes that gross refining margins (GRMs) continue to be relatively weak, with Singapore complex GRM currently at US$3.5–4/bbl, and diesel cracks at US$13–14/bbl, which are below seasonal averages. Also read: HDB Financial Services GMP at 6.3% ahead of IPO. What should investors do? ADVERTISEMENT Nevertheless, the note emphasizes that product cracks are not as weak as GRMs suggest, and that the margins are still acknowledging the volatility in the crude market, Kotak Institutional Equities underlines that higher oil is unequivocally good for upstream companies and may not hurt OMCs in the near term either. ADVERTISEMENT The brokerage firm also stated that it continues to prefer ONGC and Oil India among upstream players and maintains a 'buy' rating on both stocks. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)

IdeaForge bags around Rs 137 crore drone order from Indian Army
IdeaForge bags around Rs 137 crore drone order from Indian Army

Economic Times

time13 minutes ago

  • Economic Times

IdeaForge bags around Rs 137 crore drone order from Indian Army

Drone technology firm ideaForge Technology has secured an order worth about Rs 137 crore for hybrid mini unmanned aerial vehicles systems from the Indian Army through the emergency procurement route, the company said on Monday. ideaForge said a key requirement during the assessment for the selection of unmanned aerial vehicles (UAV) was that all critical sub-components must be sourced from non-border-sharing nations, and that the platform be substantially indigenous in capability and design. "ideaForge Technology has secured a significant win through the emergency procurement route. The order, valued at approximately Rs 137 crore, has been placed by the Indian Army for its high-performance hybrid Mini UAV systems, which are already battle-tested and inducted into the Army's inventory for ISR (Intelligence, Surveillance, and Reconnaissance) operations," the company said in the statement. The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, Delhi, and the US.

IdeaForge bags around Rs 137 crore drone order from Indian Army
IdeaForge bags around Rs 137 crore drone order from Indian Army

Time of India

time19 minutes ago

  • Time of India

IdeaForge bags around Rs 137 crore drone order from Indian Army

Drone technology firm ideaForge Technology has secured an order worth about Rs 137 crore for hybrid mini unmanned aerial vehicles systems from the Indian Army through the emergency procurement route, the company said on Monday. ideaForge said a key requirement during the assessment for the selection of unmanned aerial vehicles (UAV) was that all critical sub-components must be sourced from non-border-sharing nations, and that the platform be substantially indigenous in capability and design. "ideaForge Technology has secured a significant win through the emergency procurement route. The order, valued at approximately Rs 137 crore, has been placed by the Indian Army for its high-performance hybrid Mini UAV systems , which are already battle-tested and inducted into the Army's inventory for ISR (Intelligence, Surveillance, and Reconnaissance) operations," the company said in the statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, Delhi, and the US.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store