Bundelkhand Expressway: For funding the construction of the Bundelkhand Expressway, the Uttar Pradesh Expressway Industrial Development Authority (UPEIDA) has recently inked a deal with a consortium of six banks. According to a PTI report, the consortium of six banks is being led by Bank of Baroda. Earlier this year, the foundation stone for the 296-kilometres […]
Category: Roads
Infra boost for Madhya Pradesh! Gadkari launches 45 highway projects worth over Rs 11,000 crore; see list
Infrastructure boost for Madhya Pradesh! Nitin Gadkari, Road Transport and Highways Minister, has laid the foundation stones and inaugurated as many as 45 highway projects in Madhya Pradesh. All these projects carry a road length of 1361 km and involve a construction value of Rs 11,427 crore. All these road projects are expected to enhance […]
Wow! India’s roadways to be on par with US, UK, Australia in two years, says Nitin Gadkari; details
India’s road infrastructure to be on par with US, UK in two years! In the coming two years, India may find itself in the league of advanced nations like the United States, United Kingdom, and Australia in terms of road infrastructure. There will be a focus on critical infrastructure building through an integrated approach, from […]
IRB Infra posts Rs 30-crore loss in June quarter
IRB Infrastructure Developers on Monday posted a net loss of Rs 30 crore in the June quarter versus a net profit ofRs 207 crore in the corresponding quarter last year, as toll collections remained impacted due to the Covid-19-led disruptions. The company reported revenue from operations of Rs 1,022 crore, which came in lower by […]
MEIL is lowest bidder for Zojila Pass tunnel
Megha Engineering and Infrastructure (MEIL) on Friday said it has emerged as the lowest bidder for constructing the Zojila Pass tunnel in Jammu Kashmir-Ladakh, quoting Rs 4,509 crore. “National Highways and Industrial Development Corporation (NHIDCL) opened the bids on Friday and MEIL topped the list by quoting less than other companies. The project is to […]
KNR Construction rating: Maintain ‘neutral’ with lower target price of Rs 285
Cut FY21/22F EPS by 27%/10% to reflect Covid-19-linked headwinds; despite strong ramp-up in execution, realisation of payments from Telangana state is a key watchable; we turn ‘neutral’ with a lower TP of Rs285. KNR Construction reported strong execution in Q1FY21 with revenue growing 3% YoY to Rs 4.8billion (vs our estimate of Rs 4.3billion), and […]
Delhi-Katra Expressway: Travel from Delhi to Katra in just 6.5 hours soon! Details here
Delhi-Katra Expressway news: The development work on the Katra-Delhi Expressway, road corridor has started! Once the corridor is complete, the travel time between Katra and Delhi will be reduced to around six and a half hours. Recently, Union minister Jitendra Singh was quoted in a PTI report saying that the project will be completed by […]
No wildlife clearance required for projects which don’t need environmental clearance: Environment ministry
No wildlife clearance is required for projects which do not need environmental clearance, the environment ministry has clarified in its letter to states and union territories. The ministry said that prior wildlife clearance will be required by projects located within 10 km of national park/wildlife sanctuary where eco-sensitive zone (ESZ) has not been notified and […]
Ayodhya Bypass: Construction, beautification work in progress for project worth Rs 55 crore; details
Ayodhya Bypass Project: Recently, the Union Minister for Road Transport and Highways, Nitin Gadkari said the construction and beautification work for the Ayodhya bypass is progressing fine. The project is being developed to showcase the historic city. To lay the foundation stone of the Ram Temple on August 5, Prime Minister Narendra Modi is expected […]
‘Development will come to standstill’: Environment clearance not needed for mining of ordinary earth, says Supreme Court
The Supreme Court on Tuesday said development will come to standstill if mining of ordinary earth also needs environmental clearance. A bench led by Chief Justice SA Bobde asked the Society for Protection of Environment & Biodiversity to move the National Green Tribunal.“You are saying that ordinary earth has been included as minor mineral by […]
Economy picking up? Electronic toll collection on highways rebounds to March levels in June: Crisil
Electronic toll collection on highways rebounded to March levels in June, and touched 75 per cent of February levels as economic activities across the country have started to pick up since the implementation of ‘unlock’, Crisil Research said. According to the agency, construction across national highways is also picking up, however, it is likely to […]
Uday Kotak-led IL&FS on the road to recovery, hopes to resolve Rs 57,000 crore of debt this fiscal
The IL&FS board, led by Uday Kotak, on Monday revised the quantum of debt it expects to resolve to Rs 57,000 crore, more than half the total debt of Rs 99,000 crore. Of this, Rs 50,500 crore will be addressed by March 2021, the board said while revised the debt estimates to Rs 99,000 crore. […]