Category: Roads

National Investment and Infrastructure Fund (NIIF), the country’s first infra-focused corpus, is in advanced talks to acquire a road project owned jointly by Ashoka Buildcon NSE 4.03 % and Macquarie India, valuing the Madhya Pradesh property in the vicinity of ₹1,000 crore.

Despite rating agency Crisil NSE 2.10 %’s forecast that the National Highways Authority of India awarding may “slow down to 5,000 km annually over the current fiscal and the next”, the government-owned agency is confident of meeting its project awarding target of 6,500 km this year, an official said. The authority also remained confident of […]

Union Finance Minister Nirmala Sitharaman on Sunday said the Centre is implementing various rail, road and air connectivity projects worth Rs 1,34,200 crore in the northeast. Addressing the ‘Natural Allies in Development and Interdependence’ conclave here, she said the Union government has been pumping in huge money in developing a number of infrastructure projects throughout […]

The Adani Group is in talks with the State Bank of India NSE 0.77 % (SBI NSE 0.77 %) to raise about Rs 12,000 crore in long-term project loans that would be utilised to build the Ganga Expressway, billed as the country’s longest and linking Meerut in the northwest of Uttar Pradesh to Prayagraj in […]

The Road transport ministry has proposed mandating highway builders to opt for cost saving value engineering techniques. “It has been established that the savings realized by undertaking value engineering exercises can be in the order of 10-15 per cent of the cost of the originally designed project,” a notice from the transport ministry said while […]

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 and creation of the national master plan digital platform,an official said.

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 […]

Mumbai: IRB Infrastructure Developers NSE 9.92 % is planning to transfer assets worth ₹2,500 crore to a public infrastructure investment trust – InvIT – by the end of this fiscal year, its top executive said. The InvIT will help the highway infrastructure developer unlock capital deployed in these projects, said chairman and managing director Virendra […]

The Road Transport Ministry has directed highway builders to furnish an additional performance security in an attempt to rein in errant bidders that bid abnormally low. This directive has been issued to National Highways Authority of India (NHAI), National Highways and Infrastructure Development Corporation (NHIDCL), Border Roads Organisation (BRO), and all state governments.

Yes Securities has buy call on IRB Infrastructure NSE -2.92 % Developers with a target price of Rs 328. The current market price of IRB Infrastructure Developers is Rs 204.7. IRB Infrastructure Developers, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 12416.18 crore) operating in Infrastructure sector.

National Highway Authority of India (NHAI) on Tuesday said it aims at awarding contracts worth Rs 25,000 crore for 270 km road projects in West Bengal during the current fiscal. In a bid to reduce congestion from Vidyasagar Setu in the state, it has decided to construct a 6.5-km six-lane elevated road on the existing […]

The government is committed to expanding the national highway network across the country with the aim of constructing 18,000 km of highways in 2022-23 at a record speed of 50 km per day, Union minister Nitin Gadkari said on Thursday. Gadkari further said the government’s overall target is to develop 2 lakh km of National […]