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 […]
Category: Roads
Roads
L&T profit rises 13.8% to ₹2,161 crore in December quarter
Our Bureau L&T has reported a satisfactory Q3 on the back of strong execution in a challenging business climate. The company maintained that it will reach its annual revenue guidance for FY20. Addressing media persons, SN Subrahmanyan, CEO and MD, L&T, said it has been a challenging nine months and the Q3 results need to […]
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 […]
Now, give a missed call for NHAI prepaid wallet FASTag balance
Users of FASTag, the RFID tags that can be used to make electronic toll payments, who use NHAI prepaid wallet to make toll payments can know the balance in their wallet through a missed call to a toll-free number, +91-88843 33331. According to a release, NHAI-promoted Indian Highways Management Company Ltd has announced the introduction […]
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 […]
NHAI records highest daily toll collection at Rs 86.2 cr
National Highways Authority of India (NHAI) recorded highest Rs 86.2 crore daily toll collection on Sunday, its Chairman Sukhbir Singh Sandhu said. The highest daily toll collection via electronic system of FASTags has also been recorded at Rs 50 crore (single day collection) in January 2020 as compared to Rs 23 crore in November 2019. […]
IL&FS gets binding offer for Environmental & Infrastructure Services
IL&FS has received a binding offer from a prospective buyer for acquiring its stake in IL&FS Environmental & Infrastructure Services Ltd (IEISL). The buyer for this transaction will be selected through the Swiss Challenge Method. IEISL is into waste management and has the capacity to handle total waste of 14,500 TPD. These are ongoing efforts […]
Fatalities in road accidents in just one district more than the number killed in terrorist activity: Gadkari
The Road Ministry may have a success story to share in terms of the length of highways built in the country, but the country’s road safety track record remains a blot. “We may have built more roads in the last five years, but unfortunately there has been an increase in the number of accidents during […]
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. […]
IL&FS gets binding offer for Environmental & Infrastructure Services
IL&FS has received a binding offer from a prospective buyer for acquiring its stake in IL&FS Environmental & Infrastructure Services Ltd (IEISL). The buyer for this transaction will be selected through the Swiss Challenge Method. IEISL is into waste management and has the capacity to handle total waste of 14,500 TPD. These are ongoing efforts […]
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, […]