Ramky Infrastructure Ltd on Monday posted a 7 per cent increase in consolidated net profit to Rs 51.97 crore for the quarter ended on September 30, 2022. The company had posted a consolidated net profit of Rs 48.42 crore in the year-ago period, Ramky Infrastructure said in a filing to the BSE. The consolidated income […]
Category: Roads
China’s BRI back on track after 3 yrs with infra projects in Southeast Asia
China has announced approval for infrastructure projects in mainland Southeast Asia at this year’s round of Association of Southeast Asian Nations (ASEAN) summits. Beijing’s announcement on Thursday indicated that Belt and Road initiative is back on agenda after almost three years due to the COVID-19 pandemic, VOA News reported. The infrastructure projects announced by China […]
Gadkari inaugurates two Rs 3,390-cr national highway projects in Bihar
Union Minister for Road Transport and Highways Nitin Gadkari on Monday inaugurated two National Highway projects worth Rs 3,390 crore in Bihar’s Buxar in the presence of Union Minister of State Ashwini Kumar Choubey, Bihar BJP president Sanjay Jaiswal and other officials. Gadkari said with the 44 km 4-lane Koilwar to Bhojpur section on NH-922 […]
PM Modi launches infra projects worth Rs 15,233 cr in Andhra Pradesh
Prime Minister Narendra Modi on Saturday dedicated to the nation the Rs 2,917 crore U-field Onshore Deepwater Block project of ONGC in Andhra Pradesh. It is the deepest gas discovery project with a production potential of about three million metric standard cubic metres per day (MMSCMD). On the second day of his two-day tour of […]
RIL awarded project to make India’s first multimodal logistics park
Reliance Industries Ltd (RIL) has been awarded the project to build India’s first multimodal logistics park (MMLP) in Chennai, Tamil Nadu. A crucial cog in the Centre’s logistics overhaul, the MMLP will be spread over 184 acres and cost Rs 1,424 crore, the Ministry of Road Transport and Highways (MoRTH) said. The ministry added that […]
HCC Q2 net profit zooms 129% to Rs 319 cr, income drops to Rs 2,515 cr
Hindustan Construction Company (HCC) on Thursday reported a 129 per cent rise in consolidated net profit at Rs 319.03 crore for the quarter ended September 30, 2022, on the back of improved operational efficiencies. The company had posted a consolidated net profit of Rs 139.23 crore in the year-ago period, HCC said in a filing […]
Gadkari approves Rs 68,000-cr road projects in four Northeastern states
Union Minister of Road Transport and Highways Nitin Gadkari on Wednesday approved a slew of new road projects, valued at Rs 68,000 crore, in four Northeastern states to make international standard surface connectivity. Addressing a late-night press conference after reviewing various national highway projects in the region, Gadkari said that new projects are worth Rs […]
Centre asks states to remove encroachments from national highways
The Centre has asked states to remove encroachments from national highways as it is a matter of grave concern for traffic management and operations and future upgradation projects. The Ministry of Road Transport and Highways (MoRTH) in a letter to states said the Control of National Highways (Land & Traffic) Act, 2002 has empowered the […]
No one apologised or resigned for Morbi bridge tragedy: Chidambaram
Ahead of the upcoming Gujarat Assembly polls, senior Congress leader P Chidambaram on Tuesday hit out at the BJP over its “arrogance”, saying no one so far has apologised or resigned for the Morbi bridge collapse tragedy which claimed 135 lives. Chidambaram, who was here to campaign for his party, also claimed that Gujarat was […]
Union Minister Gadkari sets target to construct 60 kms of highway per day
Union Road Transport and Highways Minister Nitin Gadkari on Tuesday said his target is to construct 60 kilometres of highways per day. Gadkari further said good road infrastructure creates prosperity and employment. “We are constructing 40 kilometers of highways per day, our target is to construct 60 kilometers of highways per day,” he said at […]
Bharat Highways InvIT to raise Rs 3,000-crore through rupee-term loans
Bharat Highways InvIT (BH InvIT) plans to raise Rs 3,000 crore through rupee-term loans (RTLs) in an arrangement to repay existing debt of seven operating road assets that it is set to acquire. These road assets are located in Punjab, Gujarat, Andhra Pradesh, Maharashtra and Uttar Pradesh. Bharat Highways InvIT, floated by GR Infraprojects, will […]
Morbi bridge mishap: HC issues notice to state govt, seeks report by Nov 14
The Gujarat High Court on Monday took suo motu cognisance of the Morbi bridge collapse tragedy and issued notices to the state government and local authorities and also sought a status report in the matter by November 14. The British-era suspension bridge on the Machchhu river in Morbi collapsed on October 30, claiming 135 lives. […]