Category: Roads

MUMBAI: Navi Mumbai town planning authority Cidco is planning to build a coastal road to conncet Kharghar with Belapur at an estimated cost of Rs 273 crore. The 9.5-km road will be developed in two phases and the tenders will be soon bid out, the authority said Friday. “Our board has already given the approval […]

NEW DELHI: Transport Minister Nitin Gadkari will lay the foundation stone of Rs 758.54-crore flyover in Madhya Pradesh, the government said Friday. The flyover from Damoh Toll Plaza to Ranital Madan Mahal Chowk, Medical College Road, is 5.9 km long, Road Transport and Highways Ministry said in a statement. The estimated cost of the project […]

MUMBAI: The Enforcement Directorate (ED) is investigating the IL&FS Employee Welfare Trust (EWT) over possible irregularities, extending its probe into alleged money laundering related to subsidiaries of Infrastructure Leasing & Financial Services (IL&FS). “As much as 13.64% shareholding of IL&FS is held by the employee trust, of which the principal beneficiaries are the senior management […]

NEW DELHI: Ashoka BuildconNSE 1.32 % Thursday said it has won a Rs 1,382 crore highway contract in Karnataka from National Highways Authority of India (NHAI). The contract to build 56 km highway stretch is under hybrid annuity mode (HAM) under which the government provides 40 per cent of the project cost to start work, […]

New Delhi: Union minister Nitin Gadkari will inaugurate and lay the foundation stone of Rs 11,595-crore highway projects in Uttar Pradesh on Wednesday, the government said. In addition, the minister will also lay the foundation stone of several projects under the Namami Gange programme, accompanied by Uttar Pradesh chief minister Yogi Adityanath. Gadkari will inaugurate […]

Mumbai: The board of Infrastructure Leasing & Financial Services will form committees of creditors at asset levels — the special purpose vehicles (SPVs) managing its projects — to assess their outstanding payments. It is also looking to appoint a claim adviser at the group level to coordinate the activity, people familiar with the matter said. […]

The government and the board of directors of debt-laden InfrastructureNSE 0.00 % Leasing and Financial Services (IL&FS) are looking at sale of individual group companies as they believe the direct resolution of vertical holding companies

The parliamentary standing committee on finance has asked the government to set up a high-level inquiry commission to identify the reasons behind the Infrastructure Leasing & Financial Services

Uttar Pradesh is in love with expressways, be it any political dispensation in the state. While Mayawati as chief minister championed the case of twin expressways between Noida and Agra, Akhilesh Yadav built the expressway from Agra till Lucknow. Yogi Adityanath is now set to outdo his predecessors.

NEW DELHI: Road Transport Minister Nitin Gadkari said on Thursday that 65,000 km of highways will be constructed across the country at a cost of over Rs 5.35 lakh crore by 2022

InfrastructureNSE 0.34 % Leasing & Financial ServicesNSE 0.54 % (IL&FS) proposed a resolution plan to the National Company Law Appellate Tribunal (NCLAT) on Monday that involves splitting group companies into three categories based on solvency and cash flow over the next 12 months

NEW DELHI: The government Monday submitted the debt resolution plan for crisis-hit IL&FS to the NCLAT and also suggested the name of retired Supreme Court judge Justice D K Jain to supervise