NEW DELHI : Union Minister Nitin Gadkari on Wednesday rued that good plantation works were not being undertaken along the national highways, saying not even a single highway road is perfect as far as green plantation is concerned. Addressing a virtual event organised by IIT Tirupati, the minister also wondered how can an expert on […]
Category: Roads
You don’t have to pay a toll if…: New guidelines for toll plazas
In order to ensure smooth and quick passage of vehicles at the toll plazas, the National Highways Authority of India (NHAI) has issued guidelines to ensure no more than 10 seconds of service time per vehicle even during peak hours at toll plazas to ensure minimal waiting time. The NHAI said as social distancing has […]
NHAI guidelines for toll plazas: Maximum 10-second service time, no queue beyond 100 meters for vehicles
NEW DELHI : Soon, yellow lines at toll plazas will ensure that the waiting queue of vehicles is not more than 100 metres at any given point of time and if the queue is beyond the stipulated distance, then vehicles at the front can pass without paying the toll. These guidelines have been issued by […]
NBCC says its offer for Jaypee Infratech ‘legally compliant’
NEW DELHI : State-owned NBCC, whose bid was rejected by creditors of Jaypee Infratech, on Wednesday asserted that its offer was “legally compliant” though the company will try to address the objections raised by the interim resolution professional if allowed to submit a fresh bid. At its meeting held on May 24, the Committee of […]
Strong Q4 performance boosts Street confidence in KNR Constructions
Construction companies have seen a strong rebound in fortunes during the past few quarters. As order inflows remained strong, the pick up in execution drove earnings. In line with the trend, KNR Constructions Ltd reported strong Q4 performance with revenue growth of 39% year-on-year. The company’s Ebitda grew 24% year-on-year with net profit rising 15% […]
Jaypee case: NBCC questions IRP’s ‘jurisdiction’, demands voting on its offer
New Delhi: Days after rejection of its bid to buy Jaypee Infratech Ltd (JIL), state-owned NBCC has questioned the jurisdiction of the interim resolution professional in submitting that the offer was non-compliant with the insolvency law and demanded that it should be put to vote. Asserting that the offer is compliant, NBCC in a letter […]
Jaypee insolvency case: Creditors’ panel approves Suraksha Group’s offer; rejects NBCC bid
New Delhi: Creditors’ panel of bankrupt-Jaypee Infratech on Thursday decided to start the voting process on Suraksha group’s offer from next week and rejected the plan proposed by state-owned NBCC, according to sources. The sources said NBCC’s bid was found to be non-compliant with certain provisions of the insolvency law. On Wednesday, construction firm NBCC […]
Cyclone Tauktae: Bandra-Worli sea link now open for commute, says BMC
The Bandra-Worli sea link in Mumbai is now opened to commute, Brihanmumbai Municipal Corporation (BMC) announced in a tweet on Tuesday. In the wake of Cyclone Tauktae, the sea-link was closed on Monday due to the strong winds. Mumbai witnessed heavy rain, forcing the authorities to suspend airport and rail services, and shut Bandra-Worli sea […]
Jaypee Infra insolvency: NBCC, Suraksha asked to submit revised bids by Tuesday
State-owned NBCC and Suraksha group, which are in the race to acquire debt-laden Jaypee Infratech Ltd (JIL), will submit their revised bids by Tuesday. According to sources, a meeting of Committee of Creditors (CoC) is likely to be held on May 19 to discuss the bids submitted by both the parties under the Corporate Insolvency […]
Jaypee Infra insolvency: NBCC submits revised bid
State-owned NBCC Ltd on Tuesday announced that it has submitted a revised bid for Jaypee Infratech through the insolvency process. “In consideration of further discussions and meetings with financial creditors and other stakeholders, NBCC has again submitted the revised Resolution Plan for Jaypee Infratech on May 10, 2021,” the company said in a regulatory filing. […]
Highway toll charges for tankers transporting liquid medical oxygen waived off
New Delhi: The National Highways Authority of India (NHAI) has waived off the toll charges for tankers and containers transporting liquid medical oxygen. India has a 137,635 km of national highway network. This comes in the backdrop of an acute oxygen availability crisis in the country amid a surge in covid infections, with hospital beds […]
India plans to construct 40 km of highway daily this year
New Delhi: India plans to construct 40 kilometres of highways every day in the current financial year, beating its daily record of 37 km that was constructed during 2019-20. The ministry of road transport and highways (MoRTH) has exceeded the target for highway construction for financial year 2021, despite the ongoing pandemic and had constructed […]