Prime Minister Narendra Modi on Wednesday laid the foundation stone and dedicated to the nation multiple development projects worth more than Rs 17,300 crore in Thoothukudi, Tamil Nadu. He also announced that the government of India is investing around Rs 1.5 trillion in the road infrastructure of Tamil Nadu. “Central government’s efforts to improve connectivity […]
Category: Roads
U’khand CM Dhami thanks Gadkari for approval of four-lane Kotdwar Bypass
Chief Minister Pushkar Singh Dhami expressed his heartfelt gratitude to Union Minister Nitin Gadkari on Wednesday for the approval of Rs 691.70 crore by the Central Government for the construction of a six-kilometer-long, four-lane Kotdwar bypass on National Highway 119, the Chief Minister’s Office (CMO) informed through an official statement. Kotdwar bypass connects Kotswae-Lansdown road […]
NHAI to extend ‘One Vehicle, One FASTag’ initiative deadline till March-end
State-owned National Highways Authority of India (NHAI) is likely to extend ‘One Vehicle, One FASTag’ initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users, a senior official said. NHAI had earlier proposed to implement ‘One Vehicle, One FASTag’ initiative from March 1. “In view of the Patym crisis, […]
China’s anti-graft body to probe corruption in Belt and Road Initiative
President Xi Jinping’s Belt and Road Initiative under which China doled out billions of dollars of investments will for the first time come under the scanner of the country’s anti-graft body amid allegations of corruption and the projects turning into debt traps for small and medium countries like Pakistan and Sri Lanka. Fighting corruption related […]
PM Modi to inaugurate ring road in Lucknow in 2nd week of March: Rajnath
Defence Minister Rajnath Singh on Monday said Prime Minister Narendra Modi will inaugurate the ring road here in the second week of March, when he will launch several developmental projects for the country. Singh was addressing a gathering at Gomti Nagar railway station which was among over 2,000 rail infrastructure projects worth about Rs 41,000 […]
Highway construction to be around 12,000-13,000 km in FY24: Road secy
The overall highway construction in the country would be around 12,000-13,000 kilometres by the end of this financial year (FY24), a senior official at the Ministry of Road Transport and Highways (MoRTH) said here on Friday. Anurag Jain, secretary MoRTH said while the overall construction is lower than what was targeted at the beginning of […]
Roads and renewables: Global PE major KKR to raise infra bet in India
KKR & Co is planning to invest a significant portion of its new $6.4 billion Asia-focused fund in the Indian infrastructure sector, including roads, highways, and renewables. The New York-based private equity major has already invested $3 billion in the Indian infrastructure space as part of its total $10 billion investment in the country. The […]
Bharat Highways Invit to float IPO on Feb 28, price set at Rs 98-100 a unit
Bharat Highways InvIT, an infrastructure investment trust, on Thursday said it will launch its Rs 2,500 crore Initial Public Offering (IPO) on February 28. The InvIT’s maiden public issue will conclude on March 1 and the price band has been set at Rs 98-100 per unit for the issue, Bharat Highways InvIT said in a […]
PM Modi lays foundation stone of projects worth Rs 13,500 crore in Gujarat
Prime Minister Narendra Modi dedicated to the nation and laid the foundation stone for multiple development projects worth more than Rs 13,500 crores in Tarabh, Mahesana, Gujarat today. The projects encompass a wide range of sectors such as internet connectivity, rail, road, education, health, connectivity, research and tourism, the Prime Minister’s Office said. Addressing the […]
Govt to soon introduce GPS-based highway toll collection system: Gadkari
The government will soon come out with a tender for introducing GPS-based highway toll collection system on national highways, Union minister Nitin Gadkari said on Wednesday. Gadkari said the pilot projects of GPS-based toll systems of the Ministry of Road Transport and Highways (MoRTH) have been successful and the government will soon come out with […]
NCC hits new high; stock rallies 47% in two months on positive outlook
Shares of civil construction company NCC hit a new high of Rs 243 as they surged 7 per cent on the BSE on positive outlook. In the past two months, the stock has zoomed 47 per cent. NCC is engaged in the construction of roads, buildings, irrigation, water and environment, electrical, metals, mining, and railways. […]
PM Modi launches Rs 32,000 cr worth of development projects in J-K
Prime Minister Narendra Modi on Tuesday launched multiple development projects, including for education, railway, aviation and road sectors, in Jammu and Kashmir worth over Rs 32,000 crore. From Jammu, the prime minister also launched or laid foundation stone of projects worth Rs 13,500 crore across the country. These projects include Indian Institutes of Technology (IITs), […]