Union Minister Nitin Gadkari on Wednesday announced that a new Guinness World Record was created by NHAI in laying 75 km of bituminous concrete in a single lane on NH53 in 105 hours and 33 minutes. In a video message shared by Gadkari on Twitter, he said, “Commemorating 75 years of India’s independence and under […]
Category: Roads
Union Minister Gadkari sets target to construct 60 kms of highway per day
Union Road Transport and Highways Minister Nitin Gadkari on Monday said his target is to construct 60 kilometres of highway per day. India’s national highway construction slowed to 28.64 km a day in 2021-22 due to COVID-19 pandemic related disruptions and a longer-than-usual monsoon in some parts of the country. “My ministry and my team […]
L&T’s transportation infrastructure business bags ‘significant’ contracts
Larsen & Toubro (L&T) on Tuesday said its transportation infrastructure business has secured various orders from prestigious clients. The company did not provide the value of the contracts, but said the orders fall under the “significant” category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts. The business […]
NHAI offers three additional roads to its InvIT totalling 247 km
State-owned National Highways Authority of India on Friday said that as part of the government’s monetisation strategy, it has offered additional three roads aggregating 247 km to its Infrastructure Investment Trust (InvIT). In a statement, the National Highways Authority of India (NHAI) further said its InvIT has announced a distribution of Rs 0.79 paisa per […]
NCLAT directs new board of IL&FS to pay lenders on a pro-rata basis
The National Company Law Appellate Tribunal (NCLAT) has directed the new board of Infrastructure Leasing & Financial Services (IL&FS) to pay lenders on a pro-rata basis first as opposed to the normal course of payment prescribed under Section 53 (distribution of assets) of the Insolvency and Bankruptcy Code (IBC). This will be done as part […]
J Kumar Infra gains 3%, hits 52-week high on solid Q4 results
Shares of J Kumar Infraprojects (JKIL) hit a 52-week high of Rs 254, up 3 per cent on the BSE in Tuesday’s trade in an otherwise weak market. The surge comes after the company’s profit after tax (PAT) more than doubled to Rs 74 crore in March quarter (Q4FY22), on back of healthy operational performance. […]
NHAI likely to award highways contracts for 6,500 kms this fiscal: Official
Despite rating agency Crisil’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 achieving its goal […]
Connectivity with Myanmar, Bangladesh to bring huge change: Jaishankar
External Affairs Minister S. Jaishankar on Saturday said that India is looking at road connectivity through Myanmar and sea connectivity through Bangladesh and this would see a huge change in the region. Addressing a “NADI (River) Conclave 2022″ in Guwahati, the External Minister said that six old cross border rail links between India and Bangladesh […]
PM Modi lays foundation for 11 infra projects worth Rs 31,500 cr in Chennai
Prime Minister Narendra Modi on Thursday laid the foundation stone of 11 infrastructure projects worth Rs 31,500 crore at the Jawaharlal Nehru Indoor stadium. He said that the focus on road construction in the state was clearly visible and that it was being done keeping in mind the economic development in the region. He also […]
Quality of rural roads should be equal to national highways: Giriraj Singh
Quality of rural roads should be at par with that of national highways, Union Rural Development Minister Giriraj Singh said on Tuesday while asserting that roads constructed under the PMGSY are lifeline of villages. Addressing the International Conference – ‘New Technologies and Innovations in Rural Roads’, Singh advocated for the use of green technologies especially […]
Infra projects of Rs 500cr and more to route through PM GatiShakti’s NPG
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, an official said. The Department for Promotion of Industry and Internal Trade (DPIIT) has also created a national master […]
Cost overruns of Rs 4.83 trillion impact 425 infrastructure projects
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 […]