IL&FS’ environment biz likely to be sold to EverSource Capital; debt may reduce by Rs 1,500 crore

NIIF-backed EverSource Capital is set to take over IL&FS Environmental Infrastructure & Services Limited (IEISL) and its subsidiaries, as the former has emerged the highest bidder for them. The deal is likely to reduce the debt of IL&FS Group by close to Rs 1,500 crore, which is the combined debt of entities under IL&FS’ environment […]

Panchkula brings up forgotten plan of 2007: Barwala, 9 other villages to be developed into a township

Talk of development of the Barwala area of Panchkula which had been listed by HUDA (now HSVP) as one of the areas to be developed as Panchkula extension back in 2007, have resurfaced in the district. A meeting in this regard was held between a District Level Committee and District Town and Planning Committee recently. […]

In a first, Samruddhi expressway to have 10 overpasses as wildlife mitigation structures

THE SAMRUDDHI Mahamarg (expressway) connecting Nagpur and Mumbai will include 10 overpasses, a first in the country, among other wildlife mitigation structures taken up by the project, as per recommendations by the state Wildlife Board committee set up by the government. The 750-km expressway is the first linear project in India to incorporate wildlife mitigation […]

Ludhiana-Raikot road is now ‘Shaheed Kartar Singh Sarabha Marg’

The Punjab Public Works Department (PWD) and School Education Minister Vijay Inder Singla inaugurated the Ludhiana-Raikot road Wednesday which has been rechristened as ‘Shaheed Kartar Singh Sarabha Marg’. This 38-km road starts from Bhai Wala Chowk in Ludhiana city and ends at Raikot town via Pakhowal. Singla said that the road passes through village Sarabha, […]

Mumbai-Pune Expressway: IRB Infra pays first instalment of Rs 6,500 crore to MSRDC

IRB MP Expressway Private Limited, a Special Purpose Vehicle of IRB Infrastructure Developers Limited, has obtained the financial closure for the Mumbai-Pune Expressway – its first Toll-Operate-Transfer (TOT) project. The company on Thursday made the payment of the first tranche of Rs 6,500 crore as an upfront sub-concession fee to the Maharashtra State Road Development […]

AAP demands probe into alleged National Highway land scam

The Aam Aadmi Party (AAP) in Punjab has levelled serious allegations against the Punjab’s Congress government of a multi-crore land scam in the National Highway 105-B connecting Bathinda, Moga, Jalandhar and Jammu, alleging involvement of a Cabinet Minister and a Congress MLA. The Leader of Opposition, Harpal Cheema, has demanded a time-bound probe into the […]