A national highway was blocked following a landslide in Himachal Pradesh’s Kinnaur district on Monday, officials said. Kinnaur District Emergency Operation Centre (DEOC) said the landslide happened near Bhaba Nagar due to which the Ferozepur-Shipki La national highway number 5 has been closed for all types of vehicular movement. Bhaba Nagar sub-divisional magistrate (SDM) Bimla […]
Category: Roads
Infra assets worth over Rs 1.62 trn to be monetised this fiscal: FinMin
Infrastructure assets worth over Rs 1.62 lakh crore are expected to be monetised during the current fiscal, Parliament was informed on Monday. The government had last year announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) to unlock value in infrastructure assets across sectors, ranging from power to road and railways in four years […]
Over $2.7 bn infrastructure projects listed on Singapore Online Portal
Singapore, August 8 (ANI): Last week, an infrastructure project online portal that connects government, developers, and financiers was launched by Infrastructure Asia, a platform set up by Enterprise Singapore and Singapore’s Central Bank, the Monetary Authority of Singapore (MAS). The portal was formally announced at the Asian Infrastructure Forum on August 2 by Singapore’s Second […]
FASTag in fast lane: Spike in adoption lifts toll collection past Rs 33K cr
Adoption of fastag by travellers in the country has recorded a significant rise following the declaration of all lanes of fee plazas on National Highways as FASTag Lane. Recent data from the Ministry of Road, Transport and Highways showed that fastag penetration surged from nearly 16 % in 2017-18 to 96.3 % in 2021-22. The […]
Rains, landslides force closure of Jammu-Srinagar highway, Mughal Road
The Jammu-Srinagar National Highway and Mughal Road were closed for vehicular traffic due to landslides and shooting stones triggered by heavy rain at several places in Jammu and Kashmir’s Ramban and Poonch districts on Friday, officials said. A few hundred vehicles, including those carrying a batch of Amarnath Yatra pilgrims, are stranded on the highway, […]
IRB Infra net profit rises multi-fold to Rs 363 crore in June quarter
Highways developer IRB Infrastructure Developers Ltd on Friday reported a multi-fold increase in consolidated net profit at Rs 363.19 crore for the quarter ended June 30. The company had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing. Total consolidated income […]
India pushes completion of trilateral highway from northeast to Cambodia
New Delhi, Aug 5: India has once again stressed the need for early completion of the India-Myanmar-Thailand Trilateral Highway – and its extension to Cambodia – to boost connectivity in the region as part of the Narendra Modi government’s Act East policy. As he conveyed Prime Minister Modi’s personal greetings to Cambodian Prime Minister Hun […]
Adani buys Macquarie Infra’s toll roads in Andhra, Gujarat for Rs 3,110 cr
Adani Road Transport Ltd (ARTL), a subsidiary of Adani Enterprises on Thursday signed an agreement with Macquarie Asia Infrastructure Fund to acquire the latter’s 56.8 per cent stake in Gujarat Road and Infrastructure Company Ltd (GRICL) and 100 per cent stake in Swarna Tollway Pvt Ltd. The deal, executed at Rs 3,110 crore, will give […]
Adani Enterprises Q1 results: Net profit rises 73% to Rs 469 cr
Adani Enterprises on Thursday reported 73% jump in consolidated net profit at Rs 469 crore for the quarter ending June 30, 2022. It reported consolidated net profit of Rs 271 crore in the year-ago period. The company’s consolidated revenue from operations surged 225% to Rs 40,844 crore as compard to Rs 12,579 crore in Q1FY22. […]
L&T Group aims Rs 2.7 trillion revenue by FY26: Chairman A M Naik
Infrastructure major Larsen and Toubro (L&T) Group is targeting Rs 2.7 lakh crore revenue by financial year 2025-26, its Chairman A M Naik said on Thursday. “We are targeting group revenues of Rs 2,70,000 crore…by FY26. The group recorded revenues of Rs 1,56,521 crore during FY 2021-22, registering a growth of 15 per cent,” he […]
Adani Group to acquire Macquarie road portfolio for Rs 3,110 crore
Adani Group on Thursday said it will acquire Macquarie Asia Infrastructure Fund’s toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore. The portfolio of 972 lane km has a long concession life with established traffic in strategically located and important traffic corridors in western and southern India, the group said in a […]
Adani unit to buy some of Macquarie Asia’s India toll roads for Rs 3,110 cr
Adani Enterprises said on Thursday its unit will acquire Macquarie Asia Infrastructure Fund’s India toll roads in Andhra Pradesh and Gujarat for Rs 3,110 crore ($391.89 million). Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises Ltd (AEL), engaged in development, construction, operations and management of roads and highway projects in India, […]