Asia Press Agency

Tag: Construction

  • Ayodhya Ram Temple Construction Nearing Completion

    Ayodhya Ram Temple Construction Nearing Completion

    The much-anticipated Ayodhya Ram Temple, a monumental three-storeyed structure, is swiftly progressing towards its completion, with expectations set for a finish by December 2024. Nripendra Misra, the chairperson of the temple construction committee, shared optimistic insights into the ongoing construction efforts and the meticulous adherence to the principles of Lord Ram.

     

    In a recent interview, Misra conveyed confidence in meeting the construction deadline, revealing that the ground floor is already completed, and the first and second floors are slated for finalization by December 2024. This remarkable progress aligns with the impending consecration ceremony scheduled for January 22, where dignitaries, including Prime Minister Narendra Modi, are expected to mark the significant occasion.

     

    The sprawling temple complex, overseen by the Shri Ram Janmabhoomi Teerth Kshetra Trust, is a testament to the collective dedication of those involved in the project. Over 7,000 individuals have been extended invitations to partake in the consecration ceremony, underscoring the cultural and religious significance of the Ayodhya Ram Temple.

     

    Misra underscored the commitment to upholding the values and principles, referred to as “maryada,” that Lord Ram exemplifies while executing the construction work. Challenges, he noted, arise daily, but solutions seem to organically manifest, showcasing the resilience and determination of the construction team.

     

    Maintaining transparency and adherence to rules remain paramount for the temple construction committee, guided by Champat Rai, the trust’s general secretary. Misra affirmed the trust’s commitment to complying with financial regulations and stated, “Whatever tax is to be submitted to the government, (has to) be done. So, we all (are) abiding by that ‘maryada.’”

     

    Anticipating the temple’s longevity for at least 1,000 years, Misra emphasized the heightened responsibilities to ensure the construction’s quality and durability, aiming to satisfy the millions of devotees who await the completion of this sacred structure.

     

    Addressing the choice of the idol for the temple, Misra disclosed that the decision would be shared by Champat Rai. Currently, three skilled sculptors are meticulously crafting idols, and the trust members have recently conducted an emergency meeting to grade the statues on a scale. Rai is expected to announce the final decision at an opportune moment, clarifying that one of the three statues will find its place in the temple’s sanctum sanctorum.

     

    Looking ahead to the post-construction period, Misra estimated a significant daily footfall of at least 75,000 to one lakh people within the initial 4-5 months after the temple opens to the public. This projection underlines the widespread anticipation and reverence surrounding the Ayodhya Ram Temple.

     

    The construction of the Ram temple gained momentum following a historic Supreme Court verdict in 2019, paving the way for its construction by a trust at the disputed site in Ayodhya. The ruling also directed the allocation of an alternative five-acre plot to the Sunni Waqf Board for the construction of a new mosque in Ayodhya. As the project inches closer to its completion, the Ayodhya Ram Temple stands as a symbol of cultural and religious significance, fulfilling the aspirations of millions across the nation.

  • Larsen and Toubro: Mega Contract Win

    Larsen and Toubro: Mega Contract Win

    Larsen and Toubro (L&T), a prominent infrastructure company, is gearing up for an important board meeting scheduled to take place next week. During the meeting, the company’s board members will discuss and deliberate two significant proposals that hold considerable implications for the firm’s future endeavors. One of the key proposals on the table is related to a share buyback plan, aimed at repurchasing a portion of the company’s outstanding shares from its existing shareholders. The other crucial proposal is centered around the payment of a special dividend for the fiscal year 2023-24.

     

    Larsen and Toubro has emerged as a leading player in the construction domain, and on Friday, the company made a momentous announcement. It revealed that its construction unit, L&T Construction, had successfully secured a ‘mega’ contract from the prestigious National High-Speed Rail Corporation Limited (NHSRCL). This significant contract is in connection with the much-anticipated Mumbai Ahmedabad High-Speed Rail Project, also known as the MAHSR Bullet Train project. The particular contract won by L&T involves taking charge of construction activities for the 135.45 km stretch, identified as the MAHSR – C3 package.

     

    The scope of work under the MAHSR – C3 package encompasses a diverse range of tasks, including the construction of viaducts, stations, major river bridges, depots, tunnels, earth structures, and other essential auxiliary works. The ambitious Mumbai-Ahmedabad High-Speed Rail project stretches over a vast area of approximately 508 km, spanning multiple states and territories, and will incorporate 12 stations along its route.

     

    Though the exact financial value of this coveted contract was not disclosed, based on the company’s classification, a ‘mega’ order typically entails an amount exceeding ₹7,000 crore, which equates to approximately one billion US dollars. Following the momentous announcement of this substantial contract win, L&T’s shares witnessed a surge of approximately 4 per cent. The stock hit a remarkable 52-week high of ₹2,594.40 on the Bombay Stock Exchange (BSE), further attesting to the positive response from investors. By the end of trading, the stock registered an impressive 3.88 per cent rise, closing at ₹2,586.25. This exceptional performance propelled L&T to emerge as the top gainer among the shares listed on the benchmark index, Sensex.

     

    In the same board meeting, scheduled for July 25, L&T will also present and seek approval for its financial results for the first quarter of the fiscal year 2023-24. As the company positions itself to navigate through various opportunities and challenges in the market, these proposals and announcements hold significant significance for its stakeholders and potential investors. The upcoming board meeting is likely to set the tone for the company’s growth trajectory and future prospects.