Category: Roads

NCC Limited (NCCL) has said that they have not received any communication from the Andhra Pradesh Government about any cancellation of projects awarded to it by the previous Government. The Hyderabad-based construction and infrastructure company in a statement to BSE had said, “We observe from the news reports that the new Government in the State […]

Ircon International, which carries out a number of construction and infrastructure development projects, will bid for the Zojila tunnel project in Kashmir, according to top officials of the company. The government has invited fresh bids for the project after the exit of IL&FS Transportation Networks Ltd. Ircon International expects an order book of Rs. 10,000 […]

Nitin Jairam Gadkari, the outgoing Minister of Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation, has won the Lok Sabha seat from Nagpur for the second time around. Gadkari, who was BJP’s President earlier, is known for his project management skills and was the driving force behind many infrastructural projects […]

IRB Infrastructure Developers has reported a 13.24 per cent decline in consolidated net profit to ₹208.01 crore during the quarter ended March 31, 2019 as against ₹240 crore in the year-ago period due to increase in interest costs across some of its projects but has a strong order book for the 2020 fiscal. Group CFO […]

Infrastructure company PNC Infratech has reported a 25 per cent jump in standalone net profit at Rs 139.93 crore for the quarter ended March, helped by higher income. The company had posted a net profit of Rs 111.52 crore during the same quarter a year ago, PNC Infratech said in a statement. During January-March 2019, […]

IL&FS has initiated a claims-management process for its 70 group entities to clarify financial liabilities and facilitate the settlement process. In a letter, a copy of which is with BusinessLine , the troubled infrastructure financing company has listed out that it has classified five Indian group entities in the ‘green’ category, which means it is […]

IL&FS has initiated a claims management process for its 70 Group entities in an effort to clarify financial liabilities and facilitate the settlement process. In a letter, a copy of which is with BusinessLine, the troubled infrastructure financing company has listed out that it has classified 5 Indian group entities in the “green” category, which […]

IL&FS has initiated a claims management process for its 70 Group entities in an effort to clarify financial liabilities and facilitate the settlement process. In a letter, a copy of which is with BusinessLine, the troubled infrastructure financing company has listed out that it has classified 5 Indian group entities in the “green” category, which […]

The developer community in Mumbai feels that the Supreme Court order that cleared the way for execution of Mumbai’s ambitious infrastructure projects – the Coastal Road and Bandra-Varsova Sea Link (BVSL) – will bring about a sea-change in the land-starved city. The slew of various infrastructure projects will improve connectivity and decongest the prime locations […]

Engineering and infrastructure major L&T has reported a strong set of numbers on the back of orders in infrastructure, hydrocarbon and others but said that with a new government on the anvil, it expects a modest start to the first half of 2019-20. Inflating order book L&T’s Q4 profit came in at ₹3,418 crore, a […]

Electronics City Industrial Township Authority (ELCITA) in collaboration with Hewlett Packard Enterprise (HPE), inaugurated a footover bridge connecting the east and west phases of Electronics City on Hosur Road near the toll plaza on Thursday to avoid accidents involving pedestrians crossing the road. “This is a useful addition to Electronics City’s infrastructure. This bridge will […]

The haphazard development of the Baddi Barotiwala Nalagarh (BBN) industrial region, which is dotted with villages and fields along with innumerable industrial units, is a bit baffling for a first time visitor. For the industrial belt, which houses over 2,000 manufacturing units, infrastructure and high logistics costs are among the critical concerns. Take for instance, […]