Category: Roads

New Delhi: Investment vehicles for realty and infrastructure sectors — REITs and InvITs — have garnered Rs 1.3 lakh crore in the past four years till March-end, and are expected to facilitate more pooled funds, Reserve Bank said in a report. Experts and stakeholders are of the view that with India growing at a fast […]

The government is exploring policy mechanisms to capture the increase in land value resulting from road projects, including auctioning exits at greenfield expressways and ‘betterment’ levy, as it looks to ramp up funding for infrastructure creation, a senior official told ET. In this regard, the roads ministry is studying global best practices on innovative ways […]

Shubhashish Homes has entered into a development agreement with Gurnani Group to develop a residential group housing project on Main SEZ Road, just 100 metres from the main Ajmer Road. Spread over 10.6 acres (approx.), the project will offer approximately 7 lac sq. ft. of saleable area and will be developed as a modern and […]

The National Highways Authority of India spent a record ₹2,07,000 crore in construction of national highways in 2023-24, the highest ever capital expenditure so far, and a jump of 20% compared to ₹1,73,000 crore spent in 2022-23 and ₹1,72,000 crore in 2021-22. According to a government official, the construction of highways in the just concluded […]

Revised model concession agreements for toll projects has incorporated series of favourable changes, both in the build-operate-transfer (BOT) and toll-operate-transfer (TOT), to bolster investor confidence while safeguarding the interest of all stakeholders, the CareEdge Ratings said on Tuesday. The ministry of road transport and highways (MoRTH) had last month revised the MCAs for bidding out […]

IRB Infrastructure Trust, an associate of IRB Infrastructure Ltd, on Monday said its special purpose vehicles have made an upfront payment of Rs 6,111 crore to National Highways Authority of India (NHAI) for toll operate transfer projects. The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 […]

As many as 443 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 4.92 lakh crore in February 2024, an official report stated. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and […]

Megha Engineering and Infrastructure Ltd made a number of electoral bond purchases close to the date of bagging crucial projects, including the all-weather Zojila tunnel that is being constructed at an estimated cost of Rs 4,500 crore in Jammu and Kashmir. Hyderabad-based Megha Engineering and Infrastructure Ltd (MEIL) has emerged as the second-biggest buyer of […]

IRB Infrastructure shares jumped 10% on Thursday to hit the day’s high of Rs 59.25 on the NSE following a rating upgrade by Kotak Securities from an earlier ‘Sell’ stance to ‘Add’. The domestic brokerage also revised its price target upwards to Rs 65 from Rs 60. The stock traded amid significant volumes with more […]

A total of 259 roads, including five national highways, are closed for vehicular traffic in Himachal Pradesh following snow and rain in recent days with the local MeT office cautioning of fresh disturbance affecting the state. “A fresh western disturbance is likely to affect the western himalayan region from Monday while another such disturbance would […]

Infrastructure projects worth Rs 8 lakh crore are currently under various stages of implementation in Maharashtra, the highest in any state, Chief Minister Eknath Shinde said on Friday. He said Maharashtra was No. 1 state in attracting Foreign Direct Investment (FDI) and one of the biggest contributors to the country’s Gross Domestic Product (GDP).

Ministry of Road Transport and Highways (MoRTH) has sanctioned Rs 699.19 crore for upgradation of a section of National Highway 58 in Palanpur, Gujarat. The amount will be used to upgrade Khokhra Gujarat Border – Vijayanagar – Antarsuba – Mathasur road section of NH-58, according to an official statement. NH-58 connects Gujarat and Rajasthan and […]