The state government has taken up road works worth Rs 8,052 crore under Strategic Road Development Programme (SRDP) in the city in the first phase, Telangana Minister for Municipal Administration and Urban Development KT Rama Rao said on Tuesday. The minister inaugurated a Road Over Bridge constructed at an expenditure of Rs 86 crore at […]
Category: Roads
Gadkari says his ministry set 5 world records this year, hails hard work of stakeholders
The Union Ministry of Road Transport and Highways set five world records this year, including building a 75-kilometre highway stretch in just 105 hours and 33 minutes, and the credit went to a dedicated team of engineers, contractors, consultants and workers, Union Minister Nitin Gadkari said on Saturday. The 75-km continuous single bituminous concrete road […]
PM Modi to kickstart work on suburban rail & ring road projects in Bengaluru on Monday
Prime Minister Narendra Modi will kick off his two-day visit to Karnataka on Monday. He will visit Bengaluru and Mysuru and participate in various official programmes. On day one, he will open the Centre for Brain Research and lay the foundation stone for Bagchi-Parthasarathy multi-specialty hospital at IISc. He will later launch the new campus […]
Govt working towards expanding NH network to 2 lakh kilometres by 2025: Nitin Gadkari
The government is working towards expanding the National Highway network to 2 lakh kilometres by 2025, Union Road Transport and Highways Minister Nitin Gadkari said on Friday. Addressing an event organised by Indian Roads Congress (IRC), Gadkari also proposed the setting up of ‘Innovation Bank’ for new ideas, research findings and technologies to focus on […]
IRB Infra arm achieves financial closure for Rs 6,538-crore expressway project in UP
IRB Infrastructure Developers Ltd NSE -0.25 % on Thursday said its special purpose vehicle and wholly-owned subsidiary Meerut Budaun Expressway Pvt Ltd has achieved the financial closure for the Rs 6,538-crore project in Uttar Pradesh. The Ganga Expressway Group 1 is a greenfield project to be carried out under Build, Operate and Transfer (BOT) mode.
Road players in a sweet spot! 4 stocks that can rally up to 56%
Describing road players in India as being in a sweet spot amid the government’s policy thrust, robust project award pipeline and easing competitive pressure, financial services firm Axis Capital has turned the spotlight on four stocks in the basket with comfortable order backlog, strong growth outlook and lean balance sheets.
India’s first road constructed from steel slag inaugurated in Surat
Steel Minister Ram Chandra Prasad Singh on Wednesday inaugurated a six-lane highway in Surat made of steel slag — a first for the country. The road constructed using 100 per cent steel-processed slag is a real example of converting “waste into wealth” and improving sustainability of steel plants, the minister said.
R-Infra may get Rs 898-crore Damodar Valley dues by July
Reliance NSE -1.01 % Infrastructure’s nearly three-year wait to get its claims worth Rs 898 crore from Damodar Valley Corporation may come to an end by July. This may help the Anil Ambani-led company repay a part of its debt. The Supreme Court has extended the deadline set by it for DVC to pay the […]
GR Infra drops 23% in two sessions after CBI raids
New Delhi: Shares of GR Infraprojects NSE -0.26 % continued to bleed on Tuesday amid reports of CBI raids at the company’s various offices amid allegations of corruption and financial irregularities. According to the reports, CBI has conducted searches at several locations of GR Infraprojects in Shillong, Guwahati, Gurgaon, and Bangalore.
CPPIB-led InvIT buys Brookfield’s India road portfolio for Rs 9300 crore
Canada Pension Plan Investment Board (CPPI Investments), the largest pension money manager in Canada has agreed to buy a portfolio of Indian road assets from Canadian asset manager Brookfield in a deal valued at around Rs 9375 crore ($1.2 billion), in what could be one of the largest road infrastructure transactions in the country.
NHAI creates Guinness World Record for laying longest bituminous lane of 75 kilometres in 105 hours
State-owned NHAI has created a Guinness World Record for laying longest bituminous lane of 75 kilometres in 105 hours and 33 minutes on the national highway between Amravati and Akola districts in Maharashtra. Mentioning about the record, Road Transport and Highways Minister Nitin Gadkari on Wednesday said the project was implemented by 720 workers including […]
Bihar roads to be at par with those of US by December 2024, says Union Minister Gadkari
Observing that Bihar’s road network has seen tremendous improvement in the last few years, Union minister Nitin Gadkari on Tuesday asserted that the road infrastructure of the state will be at par with that of the United States by December 2024. The Union Minister for Road Transport and Highways inaugurated the eastern flank of the […]