Category: Roads

The National Highways Authority of India (NHAI) has paid over Rs 891 crore to crisis-hit non-banking finance company Infrastructure Leasing & Financial Services (IL&FS) as compensation for termination of a road project Khed-Sinnar Expressway that forms part of the Delhi-Mumbai industrial corridor, said people with direct knowledge of the development.

HG Infra Engineeringhas received the Letter of Award “(LOA) from Adani Road Transport for execution of civil & associated works on EPC basis for development of an access – controlled six lane greenfield Ganga Expressway. The project with length of 151.7 km has a total cost of Rs 4970.99 crore.

The National Highways Authority of India (NHAI) has paid over Rs 891 crore to crisis-hit non-banking finance company Infrastructure Leasing & Financial Services (IL&FS) as compensation for termination of a road project Khed-Sinnar Expressway that forms part of the Delhi-Mumbai industrial corridor, said people with direct knowledge of the development.

IRB Infrastructure Developers Ltd NSE -0.33 % on Monday said it has offered Vadodara Kim Expressway, being developed under Hybrid Annuity Model (HAM), to IRB InvIT Fund. The Vadodara Kim stretch, which is part of Delhi-Mumbai Expressway (DME), is 23.740 km-long and has project cost outlay of Rs 2,094 crore, the company said in a […]

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.

Shares of GR Infraprojects NSE -1.22 % jumped 4.3 per cent in early trade on Friday as the integrated road engineering, procurement and construction firm said its subsidiary has bagged an agreement with the National Highways Authority of India (NHAI). GR Infraprojects, said on June 2, that its wholly-owned subsidiary GR Madanapalli Pileru Highway has […]

Markets regulator Sebi on Friday allowed Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) to conduct annual meetings of their unitholders and other meetings through video-conferencing and other audio-visual means till the end of December. The circular came after Sebi received representations from REITs/InvITs to further extend the facility to conduct annual meetings […]

National Investment and Infrastructure Fund (NIIF), the country’s first infra-focused corpus, is in advanced talks to acquire a road project owned jointly by Ashoka Buildcon NSE 4.03 % and Macquarie India, valuing the Madhya Pradesh property in the vicinity of ₹1,000 crore.

Despite rating agency Crisil NSE 2.10 %’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 […]

Union Finance Minister Nirmala Sitharaman on Sunday said the Centre is implementing various rail, road and air connectivity projects worth Rs 1,34,200 crore in the northeast. Addressing the ‘Natural Allies in Development and Interdependence’ conclave here, she said the Union government has been pumping in huge money in developing a number of infrastructure projects throughout […]

The Adani Group is in talks with the State Bank of India NSE 0.77 % (SBI NSE 0.77 %) to raise about Rs 12,000 crore in long-term project loans that would be utilised to build the Ganga Expressway, billed as the country’s longest and linking Meerut in the northwest of Uttar Pradesh to Prayagraj in […]

The Road transport ministry has proposed mandating highway builders to opt for cost saving value engineering techniques. “It has been established that the savings realized by undertaking value engineering exercises can be in the order of 10-15 per cent of the cost of the originally designed project,” a notice from the transport ministry said while […]