By Freddy Pawle for Daily Mail Australia

Published: 00:48 EDT, March 19, 2024 | Updated: 1:00 AM EDT, March 19, 2024

• Jacqui Lambie has called on Tasmania to scrap its new stadium plans
• The new AFL team is dependent on the construction of a new stadium
• But Ms Lambie argues the money could be better spent elsewhere

By Ollie Lewis

Published: 09:05 EDT, March 18, 2024 | Updated: 09:05 EDT, March 18, 2024

Projects to be implemented under 100% central government funding under Sagarmala programme.

Brahmaputra River in Assam: Union Minister Sarbananda Sonowal on Friday announced a major investment of over Rs 645 crores to develop 10 waterway projects under the flagship Sagarmala program of the Ministry of Ports, Shipping and Waterways. The projects will be implemented with 100% financial support from the central government to upgrade terminals and river infrastructure along the Brahmaputra River (National Waterways 2) to boost connectivity and promote economic growth.

From the construction of slipways at strategic locations such as Maya Ghat in Dhubri district and Majuli district to the establishment of passenger terminals at Ghagor in North Lakhimpur district and Bahari in Barpeta district, each proposal has been carefully designed to improve connectivity and facilitating seamless transportation around the world. region.

Additional passenger terminals will be constructed at Goalpara, Guijan, Kurua, Dhubri, Disangmukh and Matmora to cater to the diverse needs of different districts within Assam. These ten projects will improve transport efficiency and stimulate industrial development and trade in the region.

Speaking on the occasion, Sonowal said, “Under the dynamic leadership of Prime Minister Shri Narendra Modi ji, we are trying and trying to explore newer avenues and tap the immense potential of the country’s waterways. Brahmaputra (NW 2) has been the lifeline for the people of the Northeast and Assam. These ten new projects, which will be developed under the Government of India’s prestigious Sagarmala programme, are designed to boost connectivity, ease and improve public transport and fuel economic growth.”

With a focus on development of the Northeastern states, including Assam, projects worth over Rs 1,000 crore have been initiated under the Sagarmala programme. In Assam alone, projects worth over Rs 760 crore are currently underway.

The development of an eastern power grid on the Brahmaputra and Barak rivers, along with the Ganga and Sundarbans, will boost regional integration and trade with South Asia and East South Asia. Eastern Grid can unlock $49 billion in multilateral trade potential.

It is a brand new issue of 48 lakh shares and the lot size is 1,600 shares. The minimum investment amount required by retail investors is ₹120,000.

The initial public offering (IPO) of Pratham EPC Projects opened for subscription on March 11 and closes on March 14.

Pratham EPC Projects IPO Price Range:

The IPO will be issued with the price band of Rs ₹71 to ₹75 per share. The company is looking to raise ₹36 crore through this issue.

Pratham EPC Projects IPO LOT Size

It is a brand new issue of 48 lakh shares and the lot size is 1,600 shares. The minimum investment amount required by retail investors is ₹120,000.

Pratham EPC Projects IPO Objectives:

The funds raised through the IPO will be used to meet working capital requirements, purchase machinery and general corporate purposes as directed by the company.

Pratham EPC Projects IPO Allocation:

The allocation can be completed by March 14.

Pratham EPC Projects IPO list:

Shares of Pratham EPC Projects are likely to be listed on NSE SME on March 18.

Pratham EPC Projects IPO Book-Running Lead Manager & Registrar:

The registrar of the issue is Beeline Capital Advisors Pvt Ltd. Link Intime India Private Ltd is the lead manager of Pratham EPC Projects’ IPO.

Pratham EPC Projects IPO Company Details

The company mainly deals with oil and gas companies in India. It is known for integrated procurement, engineering, construction and commissioning.

Pratham EPC Projects IPO Promoters

The promoters of the company are Pratikkumar Vekariya & Nayankumar Pansuriya. In the financial year ended March 2023, the company’s net profit rose to ₹7.64 crore, compared to ₹4.41 crore in the previous year.

Pratham EPC Projects IPO GMP today: Pratham EPC Projects IPO gray market premium today stands at ₹35 per share, implying that shares of Pratham EPC Projects were trading at a premium of 46.67%.

In Bettiah, Bihar, Prime Minister Modi also inaugurated Indian Oil’s LPG bottling plant and storage terminal at Motihari, which would also act as a strategic supply point for exporting petroleum products to Nepal.

Bihar News: Prime Minister Narendra Modi on Wednesday inaugurated the 109-km Muzaffarpur-Motihari LPG pipeline of Indian oil as he unveiled development projects worth Rs 12,800 crore at Bettiah in West Champaran in Bihar.

Officials said the LPG pipeline will not only provide cleaner cooking fuel to the people of Bihar but also to neighboring Nepal. The Prime Minister also inaugurated Indian Oil’s LPG bottling plant and storage terminal at Motihari, which would also serve as a strategic supply point for export of petroleum products to Nepal, in addition to the eight districts of North Bihar.

PM Modi also laid the foundation stone of the city gas distribution project in East Champaran, West Champaran, Gopalganj, Siwan and Deoria, and grain-based ethanol projects at HCPCL Biofuels Ltd facilities in Sugauli and Lauriya.

He also inaugurated the two lanes of Piprakothi-Motihari-Raxaul section of NH-28A and Sheohar-Sitamarhi section of NH-104. The Prime Minister also laid the foundation stone for a six-lane cable bridge over the Ganga, parallel to the Digha-Sonepur rail/road bridge, and the four-lane Bakarpur Hat-Manikpur section of the NH-19 bypass.

Among the railway projects he inaugurated were the doubling of the 62 km line from Bapudham Motihari to Piprahan, and the gauge conversion of the Narkatiaganj-Gaunaha section.

Modi also laid the foundation stone for the doubling and electrification of the 96 km Gorakhpur Cantt Valmiki Nagar railway line and redevelopment of the Bettiah railway station.

He launched two new trains on Narkatiaganj-Gaunaha and Raxaul-Jogbani routes.

Governor Rajendra V Arlekar, Deputy CMs Samat Chaudhary and Vijay Kumar Sinha, and JD(U) State Minister Vijay Kumar Chaudhary were among those present at the programme.

Notably, however, Chief Minister Nitish Kumar was not present at the programme.

PM Modi rides Kolkata’s underwater metro

Earlier today, Prime Minister Modi traveled with school students in India’s first underwater metro train in Kolkata on Wednesday. Modi arrived at the Esplanade Metro station in the capital of West Bengal and was welcomed en masse by a large crowd amid chants of ‘Jai Shri Ram’ and ‘Modi Modi’.

The Prime Minister inaugurated India’s first underwater metro tunnel, built in Calcutta, and later took a ride on the train along with some schoolchildren. Modi was seen interacting with school students and metro staff as they traveled in India’s first underwater metro train.

Prime Minister Modi will be on a three-day visit to states like Telangana, Tamil Nadu, Odisha, West Bengal and Bihar from March 4 to 6.

(With input from agencies)

Tabuk Province, Saudi Arabia. A barren corner of the country, with little that’s apparent to recommend it as a destination but endless sunlight and abundant salt water.

Nevertheless, Mohammed bin Salman, crown prince and de facto leader of the region, saw this rocky landscape and envisaged something epic: a series of futuristic developments, space-age cities, and luxury resorts. A desert ‘utopia’ named Neom that encompasses an area of around 10,200 square miles and includes 12 named projects, from industrial port city Oxagon, the world’s largest floating structure, to Sindalah, a sea-horse-shaped resort island for the super-wealthy.

Then there’s The Line, a gleaming, mirrored city envisaged as a hermetically sealed wall cutting through the desert. The Neom project cannot be accused of a lack of ambition. 

It is reported to be the crown prince’s attempt to diversify the Saudi economy, bolster tourism, reduce reliance on fossil fuels, and establish the region as a technology and innovation hub on the world stage.

Reports of the cost of the project vary, starting at $500billion (£396billion) to estimates it will cost in excess of $1trillion (£792billion), if the 12 projects reach completion.

The Line is Neom’s flagship development. Announced in 2021, its sheer ambition sparked headlines – and controversy. The ‘vertical Manhattan’ is intended to be 170 kilometres long (105 miles), comprised of two 500-metre-tall (1,640ft) parallel towers that house nine million residents.

Each of the dual towers will feature mirrored facades, and include residential and business properties. Walkways will connect the structures, while a high-speed train will run beneath.

There will be no roads or cars. Daily essentials are planned to be within a five-minute walk for residents. Volocopters, delivery drones and robot servants will be on hand to serve. Designers say it will run entirely on renewable energy.

When completed, it will be the largest megastructure in the world.

Some of the proposed details are eye-catching, involving technology that has not yet been developed in some cases. 

Rain-starved desert will be addressed with cloud-seeding machines to promote precipitation. There are plans for on-site healthcare scientists who modify residents’ genes to make them stronger, an artificial moon lighting the sky, and plans for The Line to have the highest rate of Michelin-starred restaurants per inhabitant.

Meanwhile, the design for Aquellum sounds vaguely akin to the lair of a Bond villain: per Neom’s website, it will be an ‘ultra-luxury upside-down skyscraper’ completely encased in a mountain, undetectable to anyone outside. Its inhabitants will access their home from a secret entrance via the Aqaba coast, on the Red Sea.

According to Neom, once inside Aquellum, ‘a dynamic boulevard winds through the courtyard, connecting diverse social spaces, world-class hospitality, immersive arts, events, shopping and dining. A signature space, dubbed ‘The Generator’, houses unique research labs for disruptors, innovators, and creative thinkers, offering a platform where the future is reimagined.

The Neom site adds: ‘An omnidirectional internal transit system facilitates easy access to upper floors, transporting residents and visitors to their homes and hotels, ascending to rooftop gardens with breathtaking coastal views.’

Sindalah is an 840,000-square-metre man-made island in the shape of a seahorse, being developed into a resort aimed to serve the yachting community (and ultra-wealthy). When completed it shall boast an 86-berth marina and yacht club. It is predicted to be the first completed project, in 2025. 

The second project anticipated to reach completion is Trojena, set to be operational in 2026. It’s being built atop Tabuk, the region’s tallest mountain range.

This tourism destination will include the first major outdoor skiing destination in the six Gulf Cooperation Council (GCC) nations and will host the 2029 Asian Winter Games.

According to Neom, it will ‘showcase the next generation of luxury living, with a limited and exclusive offering of apartments, chalets, mansions and ultra-luxury mansions that boast unparalleled privacy, inspirational architecture and a seamless journey with nature’.

The remaining projects are Leyja, a nature reserve; Utamo, an arts and entertainment centre; Norlana, a coastal residential area; Xaynor, a beach club; Zardun, an eco-tourism resort; Epicon, a luxury tourist resort; and Siranna, a hexagonal luxury resort.

There is concern that Neom won’t be the sustainable mecca it is being sold as.

In a study of potential biological conservation issues for 2024, Science Direct raised concerns mirrored megastructure The Line is ‘likely to pose a substantial risk to migratory species, particularly passerine birds’. Reflective surfaces are identified as one of the biggest causes of bird deaths each year.

The report says: ‘The magnitude of The Line may pose a novel threat to the eastern populations of the estimated 2.1billion migratory birds of more than 100 species that migrate from Europe to Africa in autumn each year, for which this area forms a bottleneck.’

Environmental campaigners are sceptical, as well, declaring claims for The Line’s planned sustainability as ‘greenwashing’. Saudi Arabia is the second largest oil producer in the world.

Amnesty International has also voiced alarm at the project, particularly regarding the forced displacement of members of the region’s Howeitat tribe to accommodate the development. Some 20,000 Saudis have been moved so far.

In 2023, the non-government organisation ALQST, which works to protect Saudis against human rights violations, reported that three members of the Howeitat tribe had been sentenced to death for criticising the displacements. 

Central Research Institute of Yoga and Naturopathy, Jhajjar (Haryana) has been built under the aegis of the Ministry of Ayush.

Ayush Projects: Prime Minister Narendra Modi on Sunday virtually inaugurated two institutes of the Ayush Ministry that will further promote a holistic healthcare scenario in the country. The ‘Central Research Institute of Yoga & Naturopathy’ (CRIYN) at Jhajjar, Haryana, and the National Institute of Naturopathy (NIN) titled ‘NISARG GRAM’ at Pune, Maharashtra were inaugurated.

Speaking at the inauguration, Prime Minister Narendra Modi said, “Our government’s priority is to boost immunity and the ability to fight the disease. We have emphasized nutrition. The emphasis was on yoga, Ayurveda and hygiene to prevent diseases. We have promoted both traditional Indian medicine and modern medicine. Today, two major hospitals and research centers in the field of yoga and naturopathy have also been opened in Maharashtra and Haryana. A WHO center dedicated to traditional medicine is also being set up in Gujarat. Our government is constantly trying to ensure that everyone, poor or middle class, gets better treatment with savings.

Minister for Ayush and Ports, Shipping and Waterways Sarbananda Sonowal participated in the event virtually from Kalyani, West Bengal, where AIIMS was inaugurated by the Prime Minister. Maharashtra CM Eknath Shinde participated in the event virtually and Minister of State for Ayush and Women and Child Development Munjpara Mahendra Bhai participated in the event in Gujarat.

At the inaugural event held on the premises of ‘Central Research Institute of Yoga and Naturopathy’, Jhajjar (Haryana), Chief Minister of Haryana Manohar Lal Khattar along with other dignitaries participated in the event.

Central Research Institute of Yoga and Naturopathy, Jhajjar (Haryana) has been built under the aegis of the Ministry of Ayush. This is an Apex level research and teaching facility for Yoga and Naturopathy. Through this project, healthcare infrastructure for yoga and naturopathy at the tertiary level will be created. The institute includes a 200-bed hospital with OPD, treatment block, academic block, hostel and residential block, apart from yoga block and diet block. The 19 19 acre project was built at a cost of Rs 63.88 crore.

NISARG GRAM is a 250-bed hospital, a multi-disciplinary research and extension service center and a medical naturopathic college for undergraduate (UG)/postgraduate (PG)/para-medical courses. The college also has residential and non-residential facilities consisting of Boys & Girls Hostel, Auditorium, Yoga Hall, Cottages, and the famous Gandhi Memorial Hall is also an integral part of the campus. The 25-acre project will cost a total of Rs 213.55 crore.

The National Institute of Naturopathy (NIN) in Pune and the Central Research Institute of Yoga and Naturopathy (CRIYN) in Deverkhana Village, Jhajjar, represent important milestones in promoting holistic healthcare through traditional healthcare systems. These institutes use diverse approaches such as hydrotherapy, massage, clinical nutrition and yoga therapy to prevent and address emerging healthcare challenges, especially the growing prevalence of non-communicable diseases (NCDs). With their state-of-the-art infrastructure and educational programs, these institutes will empower individuals to prioritize their health and well-being.

Among Nifty voters, 32 stocks traded in the green. In the Sensex pack, 18 stocks advanced, with Titan rising over 1 percent.

Share market news: Shares of real estate firm Hazoor Multi Projects rose around five percent to hit a 52-week high of Rs 454. The counter hit the upper circuit as soon as trading started. However, it lost early gains due to profit booking and last seen stood at Rs 450. Shares of Hazoor Multi Projects, a real estate company with a market capitalization of around Rs 837 crore, have hit a 52-week low. Rs78.

Hazoor Multi Projects Limited is a real estate company operating in South and Central India, whose shares have delivered an investment return of 15 percent in the past five days, while it has returned 28 percent over the past month from the level of Rs 351.

Meanwhile, major equity indices rose in early trade on Friday as Sensex rose nearly 100 points amid a global rally in equities, boosting investor sentiment.

The 30-share Sensex climbed 99.44 points or 0.14 percent to 73,257.68 points, while the broader Nifty gained 18.30 points or 0.08 percent to 22,235.75 points. Among Nifty voters, 32 stocks traded in the green. In the Sensex pack, 18 stocks advanced, with Titan rising over 1 percent.

The global rally, mainly stimulated by strong quarterly results from American chip manufacturer Nvidia Corp, has pushed markets in the US, Europe and Japan to record levels. Sensex and Nifty rose on Thursday, with the latter hitting an all-time high closing level of 22,217.45 points.

In Asia, the Japanese benchmark index Nikkei 225 rose by more than 2 percent. In the domestic market, Foreign Portfolio Investors (FPIs) were net sellers on Thursday as they sold securities worth Rs 1,410.05 crore.

Disclaimer: The article is for information purposes only and not for investment advice.

The laying of foundation stone and inauguration of various projects to strengthen civil and urban infrastructure in Jammu and Kashmir will also be done by the Prime Minister.

PM Modi Jammu Visit: Prime Minister Narendra Modi will visit Jammu on Tuesday, February 20, where he will inaugurate the nation, dedicate himself and lay the foundation stone of multiple development projects worth over Rs 30,500 crore. The projects cover various sectors including healthcare, education, railways, roads, aviation, petroleum and civil infrastructure, among others.

During the programme, the Prime Minister will issue appointment orders to around 1,500 new government recruits from Jammu and Kashmir.

Prime Minister Modi will inaugurate the nation, dedicate himself to the nation and lay the foundation stone of several projects worth around Rs 13,375 crore. The projects include the permanent campus of IIT Bhilai, IIT Tirupati, IIT Jammu, IIITDM Kurnool; Indian Institute of Skills (IIS).

He will inaugurate IIM Jammu and 20 new buildings for Kendriya Vidyalaya (KVs) and 13 new Navodaya Vidyalayas (NVs) buildings across the country.

AIIMS Jammu

In a step that will provide comprehensive, quality and holistic tertiary care services to the people of Jammu and Kashmir, the Prime Minister will inaugurate the All India Institute of Medical Sciences (AIIMS), Vijaypur (Samba), Jammu.

The hospital, established at a cost of over Rs 1,660 crore and in an area of ​​over 227 hectares, is equipped with facilities like 720 beds, 125-seat Medical College, 60-seat Nursing College, 30-bed AYUSH Block, residential accommodation for faculty and staff, hostel accommodation for UG and PG students, night shelter, guesthouse, auditorium, shopping complex etc.

The state-of-the-art hospital will provide high-quality patient care services in 18 specialties and 17 superspecialties, including cardiology, gastroenterology, nephrology, urology, neurology, neurosurgery, medical oncology, surgical oncology, endocrinology, burns and plastic surgery. The institute will have an intensive care unit, an emergency and trauma unit, 20 modular operating theatres, diagnostic laboratories, a blood bank, a pharmacy, etc. The hospital will also leverage digital health infrastructure to cover remote areas of the region reaches.

Prime Minister Narendra Modi will lay the foundation stone of Shri Kalki Dham Temple in Sambhal district.

Prime Minister Narendra Modi's visit to Uttar Pradesh: Prime Minister Narendra Modi will visit Uttar Pradesh on February 19, 2024, where he will lay the foundation stone of Shri Kalki Dham Temple in Sambhal district. The Prime Minister will also unveil the model of Shri Kalki Dham Temple and address the gathering on this occasion. Shri Kalki Dham is being built by Shri Kalki Dham Nirman Trust, whose chairman is Acharya Pramod Krishnam. The program will be attended by many saints, religious leaders and other dignitaries.

Following this, the Prime Minister will launch 14,000 projects in Uttar Pradesh worth over Rs 10 Lakh crore during the fourth ground-breaking ceremony for investment proposals received at the UP Global Investors Summit 2023 (UPGIS 2023), held in February 2023. The projects cover to sectors such as manufacturing, renewable energy, IT and ITeS, food processing, housing and real estate, hospitality and entertainment, and education, among others.

The program will be attended by around 5,000 participants, including leading industrialists, representatives of top global and Indian companies, ambassadors and high commissioners, and other distinguished guests.