Prime Minister Narendra Modi on Thursday laid the foundation stone of 11 infrastructure projects worth Rs 31,500 crore at the Jawaharlal Nehru Indoor stadium. He said that the focus on road construction in the state was clearly visible and that it was being done keeping in mind the economic development in the region. He also […]
Category: Roads
Quality of rural roads should be equal to national highways: Giriraj Singh
Quality of rural roads should be at par with that of national highways, Union Rural Development Minister Giriraj Singh said on Tuesday while asserting that roads constructed under the PMGSY are lifeline of villages. Addressing the International Conference – ‘New Technologies and Innovations in Rural Roads’, Singh advocated for the use of green technologies especially […]
Infra projects of Rs 500cr and more to route through PM GatiShakti’s NPG
All logistics and connectivity infrastructure projects, entailing investment of over Rs 500 crore, would now route through the network planning group (NPG) constituted under the PM GatiShakti initiative with the finance ministry issuing the necessary instructions, an official said. The Department for Promotion of Industry and Internal Trade (DPIIT) has also created a national master […]
Cost overruns of Rs 4.83 trillion impact 425 infrastructure projects
As many as 425 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.83 lakh crore, according to a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,579 […]
Centre bats for sharing research infrastructure, incentivising funding
Researchers from smaller cities will soon be able to access expensive research infrastructure at state-funded institutions as the Centre has released guidelines for sharing such scientific equipment at a small cost. While researchers from mofussil towns will get access to cutting-edge equipment, the Scientific Research Infrastructure Sharing Maintenance and Networks (SRIMAN) guidelines also seek to […]
Sikkim road, rail connectivity projects to be completed by 2023: Minister
Capital road and rail connectivity projects of Sikkim will be completed by 2023, Union Minister for Development Of North Eastern Region (DoNER) G Kishan Reddy said. Addressing the 47th Statehood Day of Sikkim Celebrations in New Delhi on Thursday, Reddy assured of every possible support from the central government to the state. The Centre and […]
Amritsar-Jamnagar expressway to be completed by Sep 2023: Gadkari
The Amritsar-Jamnagar greenfield corridor will be completed by September 2023, said Highways Minister Nitin Gadkari on Thursday. It will connect industrial belts in four states and help logistics. “Bikaner to Jodhpur section of 277 kilometres (km) is targeted to be completed and opened to public by the end of this year,” the minister said on […]
IRB Infra Q4 net zooms 79% to Rs 175 cr; total income rises marginally
IRB Infrastructure Developers Ltd on Tuesday reported a 79.04 per cent jump in its consolidated net profit to Rs 175 crore for the fourth quarter ended in March 2022. The company had clocked a net profit of Rs 97.45 crore during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income […]
HCC consolidated net profit declines 80% to Rs 30.88 crore in Q4
Hindustan Construction Company (HCC) on Thursday reported an 80.36 per cent decline in consolidated net profit at Rs 30.88 crore for the quarter ended March 31, 2022. The company had clocked a profit of Rs 157.28 crore in the year-ago period, it said in a BSE filing. Total income during the quarter under review stood […]
Govt sets target to reduce 50% road accident deaths by 2024: Gadkari
The government has set a target to reduce 50 per cent road accident deaths by 2024, Union Minister Nitin Gadkari said. He also stressed the sensitisation of stakeholders for collectively addressing issues regarding road safety. Addressing an event on Monday, the Union Road Transport and Highways Minister said that road safety is a very serious […]
Cube Highways Trust to raise Rs 12,075 cr debt to prepay old loans
Cube Highways Trust, an Infrastructure Investment Trust (InvIT) for road assets, plans to raise Rs 12,075 crore through debt to pre-pay loans for 17 projects in the country. Cube InvIT, is proposing to acquire 19 assets, including 18 toll road assets and one annuity road asset, from the sponsor Singapore-based Cube Highways group. The trust, […]
Bihar bridge collapses, Union Minister Gadkari blames low-grade material
Union Road Transport, Highways and Shipping Minister, Nitin Gadkari, on Tuesday blamed low-quality construction material for the collapse of a bridge in Bhagalpur district of Bihar. A section of the bridge which connected Sultanganj in Bhagalpur district to Khagaria in Munger district collapsed on April 29. The Bihar government officials submitted a report to the […]