Category: Roads

Road developer IRB Infrastructure’s SPV Yedeshi Aurangabad Tollway Pvt Ltd (YATPL) has announced the partial commissioning of its four-lane highway project from Yedeshi to Aurangabad in Maharashtra. Toll collection on the project began on March 17, the company said, as the SPV has completed 161.87 km, out of its total length of 189 km of […]

Following the collapse of a foot over bridge near Mumbai CST, the Indian Stainless Steel Development Association, the apex body of stainless steel manufacturers, has emphasised the importance of using the best material available for such common infrastructure. KK Pahuja, President, ISSDA, said there is an urgent need for choosing the best material for a […]

Five persons were killed and 29 injured after a major portion of a foot overbridge near a train station in south Mumbai collapsed Thursday evening, officials said. The bridge which connected the area near the Times of India building with the iconic CSMT station was commonly known as ‘Kasab bridge’ as the 26/11 Mumbai attack […]

Reliance Infrastructure will utilise the proceeds of this transaction entirely to reduce its debt Reliance Infrastructure Limited (RELINFRA) signed a Definitive Binding Agreement with Singapore based Cube Highways and Infrastructure III Pte Ltd for the sale of Delhi-Agra (DA) Toll Road Private Limited. The total deal enterprise value is over Rs 3,600 crore. In addition, […]

Reliance Infrastructure (RInfra), part of Anil Ambani-promoted Reliance Group, has announced signing of a definitive, binding agreement with Singapore-based Cube Highways for selling its entire stake in Delhi-Agra Toll Road for an enterprise value of Rs. 3,600 crore. This move will help the company pare its debt. The Delhi-Agra (DA) Toll Road is an SPV […]

India’s discussions with Pakistan on the operationalisation of the Kartarpur Corridor on Thursday will be only related to pilgrims, and Islamabad will also be asked not to use the presence of Indian pilgrims to carry out propaganda on the Khalistan issue. “We hope and would like to see that Pakistan doesn’t indulge in propaganda activities […]

The BJP’s militaristic pitch — post-air strikes on Pakistan and the Pulwama terror attack — are in sharp contrast with its ally, the Shiromani Akali Dal (SAD)’s promotion of a scheduled meeting between Pakistani and Indian delegations at the Attari border on Thursday to conclude talks over the opening of the Kartarpur Sahib corridor. In […]

MEP Infrastructure Developers has announced achieving financial closure for three Hybrid Annuity (HAM) projects in Maharashtra. The road developer has secured over ₹1,400 crore project financing from lenders with YES Bank emerging as a lead lender. The three projects for which financial closure has been achieved include four-laning of Ausa-Chakur, Chakur-Loha and Loha-Waranga sections of […]

The Delhi-Vadodara segment will account for half the amount of Rs. 90,000 crore Delhi-Mumbai Expressway project, while the remaining half will be spent on Vadodara-Mumbai section. The proposed outlay of nearly 50 per cent of the project cost for the Mumbai-Vadodara is significant as the distance to be covered is shorter than the Delhi-Vadodara section. […]

RKEC Projects, an infrastructure company specialising in civil and defence construction, has bagged orders worth Rs. 100 crore in the last two months. The company received an order for the construction of berth and approach trestle for development of barge/vessel loading facility at Honnavar in Karnataka. The total contract value of this order was Rs. […]

IL&FS may have finally secured the release of its four Indian captive employees in Ethiopia, but the ITNL-Elsamex JV imbroglio is still marred by the plight of its 44 employees. IL&FS hasn’t paid their salaries yet, despite repeated assurances from the company. One of the employees tried to commit suicide due to the non-payment of […]

IL&FS Group, which operates at least 24 direct subsidiaries, 135 indirect subsidiaries, six joint ventures and four associate companies, is sitting on debt of Rs 94,000 crore The new government-appointed board of IL&FS has charged 14 former directors of group firm IL&FS Financial Services Ltd (IFIN) of facilitating money laundering, sanctioning loans in violation of […]