IL&FS fallout: Transactions in subsidiary of listed company to fall under related party transactions

Financial or even service-related transactions by any subsidiary of a listed company may come under heavy scrutiny by the markets regulator, a SEBI paper reviewed by BusinessLine shows. After it came to light in the IL&FS scam that the company had used its subsidiaries as a conduit to extend loans to related parties and other […]

NHIDCL awards ₹2,379 cr Z-Morh Tunnel in J-K to APCO Amarnathji Tunnelway

The government on Friday awarded the crucial Z-Morh Tunnel in Jammu and Kashmir to APCO Amarnathji Tunnelway Pvt Ltd to be built at a cost of Rs 2,379 crore, National Highways and Infrastructure Development Corporation (NHIDCL) managing director K K Pathak said on Friday. The project was earlier allotted to Infrastructure Leasing & Financial Services […]

L&T Construction bags orders for various segments

L&T Construction, an arm of L&T has bagged orders in the water and effluent treatment, transportation infrastructure and buildings and factories business. The company has classified these orders to be in the range of ₹2,500 crore to ₹5,000 crore. In the water and effluent treatment business, L&T Construction won an engineering procurement construction (EPC) order […]

Delhi HC asks NHAI to pay Rs 750 crore to West Haryana Highways Projects Private Limited

The Delhi High Court has directed National Highways Authority of India (NHAI) to pay Rs 750 crore to West Haryana Highways Projects Private Limited (WHHPPL). WHHPPL was awarded a Concession Agreement (CA) by the NHAI on Design-Build-Finance-Operate-Transfer (DBFOT )Toll basis for widening of existing two lane highway and also constructions of two new bypass roads. […]

Bridge and Roof Company to re-enter roads sector, wagon manufacturing

Bridge and Roof Company (India) Ltd, a construction company under the Department of Heavy Industry, is looking to re-enter the roads sector and wagon manufacturing. Power, oil and railways currently contribute a major part of the company’s total turnover, which stood at around ₹3,082 crore in 2018-19. According to Sunil Kumar Sarder, Chairman and Managing […]

Reliance Infra gets NHAI approval for sale of Delhi-Agra road project to Cube Highways

Reliance Infrastructure has received in-principle approval from the National Highways Authority of India (NHAI) for Harmonious Substitution of the Delhi-Agra (DA) Toll Road project to Cube Highways. In view of the difficulties being faced by Concessionaires in Public-Private-Partnership (PPP) projects, the Government has decided to permit the substitution of existing Concessionaires in a harmonious manner, […]