IRB Infrastructure Developers on Wednesday said it has commissioned its Goa/Karnataka Border — Kundapur four laning highway project, built at a cost of ₹3,447 crore. The project has a concession life of 28 years. “IRB Westcoast Tollway Ltd, the special purpose vehicle of … IRB Infrastructure Developers Ltd, has commissioned its Goa/Karnataka Border – Kundapur […]
Category: Roads
Roads
InvIT pipeline strong, needs conducive tax regime: ICRA
Over the next five years, the InvIT pipeline is estimated to growth to ₹2-lakh crore including ₹80,000 crore in the next one year itself, according to ICRA. While full tax exemption to sovereign funds could attract these funds, the overall impact of higher tax incidence for unit holders may play spoilsport. However, for InvITs to […]
400 infra projects show over ₹4 lakh cr cost overrun
As many as 400 infrastructure projects, each worth ₹150 crore or more, have been hit by total cost overruns of over ₹4 lakh crore owing to delays and other reasons, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth ₹150 crore and above. Of such 1,698 projects, 400 projects […]
HG Infra may build on ₹2,100-cr NHAI orders
HG Infra Engineering has bagged two NHAI projects valued at around ₹2,100 crore on EPC mode under Bharat Mala Pariyojana in Rajasthan. In a release to exchanges, HG Infra said while a ₹880.11-crore order is for construction of an eight-lane carriageway at Baonali-Jhalai road, the ₹1,258.11-crore order is for similar work at Tonk-Sawai-Madhopur. Both projects […]
PNC Infratech declared lowest bidder for four-laning of UP road project
PNC Infratech has been declared the L1 (lowest) bidder for a 60.22-km-long four-laning of Jagdishpur-Faizabad section of NH 330-A in Uttar Pradesh. The project would to be executed on hybrid annuity mode for a bid project cost of ₹1,530 crore. Three firms participated in the bidding and the price bids were opened on Monday, with […]
IL&FS gets govt approval for ₹2,700 crore claims towards stuck road projects
Crisis-hit IL&FS Group has received approvals from various government authorities for claims worth about ₹2,700 crore towards stuck or incomplete road projects, officials said. The NHAI Conciliation Committee recently approved a claim for approximately ₹707 crore for the ILFS-Fagne Songadh Expressway Limited project (in Gujarat-Maharashtra border area), while the committee had earlier approved claims of […]
HCC Q3 profit at Rs 234 cr
Hindustan Construction Company (HCC) on Thursday reported a net profit of Rs 234 crore for the October-December quarter of 2019-20 against Rs 9.91 crore in the year-ago period mainly on the back of ‘write-back’ of Rs 331 crore of provisions. Total turnover in the quarter under review was at Rs 1,075 crore against Rs 1,102 […]
Dilip Buildcon bags ₹861-cr road project in Chhattisgarh
Dilip Buildcon Ltd on Thursday said it has bagged a road project worth ₹860.50 crore in Chhattisgarh. “The company has been declared as L-1 bidder in the tender floated by the National Highways Authority of India for the project in the state of Chhattisgarh,” the company said in a filing to the BSE. The project, […]
Budget 2020: ₹22,000-crore equity support for two infrastructure finance companies
To support the funding of infrastructure over the next five years, that would require Rs 103 lakh crore, government has provided about Rs 22,000 crore as equity support to two government-owned infrastructure agencies. In her Budget speech, Finance Minister Nirmala Sitharaman announced, “This would cater for equity support to infrastructure finance companies such as India […]
Ahead of the Union Budget, road builders’ shares rally
Investors are piling into shares of Indian road builders, betting that Saturday’s Union Budget will contain measures to spur investment in infrastructure. A custom Bloomberg index of nine road builders is up 8.1 per cent this month, versus the 0.7 per cent drop in the main S&P BSE Sensex index. The gauge includes IRB Infrastructure […]
Reliance Industries plans to market ‘Plastic to Road’ initiative
Right in the middle of a sea of green, dotted with trees and horticulture crops cultivated by Reliance Industries Ltd, lay the shades of concrete grey, or better yet, concrete green. Over 40 kilometres of roads in and around the RIL Nagothane Manufacturing Division have been resurfaced using plastic waste. This is a part of […]
Measures needed to tackle persistent ground-level delays in project execution
The infrastructure segment is both the cause and victim of the current economic slowdown. While the slowdown began with the lacklustre growth in investments, the spiral effects have now dampened the sector further. This is evident from the growth in gross fixed capital formation (GFCF). Centre-run schemes such as the Bharatmala helped spur the GFCF […]