PM to inaugurate, lay foundation stone of Rs 5,010-cr highway projects in Tamil Nadu

New Delhi, Mar 5 () Prime Minister Narendra Modi on Wednesday will inaugurate and lay the foundation stone of Rs 5,010-crore highway projects in Kanchipuram, Tamil Nadu, the government said Tuesday. The projects are in Vellore, Thiruvannamalai, Villupuram and Tirupur districts. “Prime Minister Shri Narendra Modi will dedicate to the nation and lay the foundation […]

NCLAT directs IL&FS Engineering and Construction to extend bank guarantee to NHAI

New Delhi, Feb 26 () The National Company Law Appellate Tribunal (NCLAT) Tuesday permitted the debt ridden IL&FS and its group firm IL&FS Engineering and Construction Company to extend a bank guarantee of Rs 60.29 crore issued to state-run National Highways Authority of India (NHAI). A two-member bench headed by Chairman Justice S J Mukhopadhaya […]

Long delay impacting Bangalore-Chennai Expressway prospects

NEW DELHI: Despite being the highest priority expressway network in India, the Bangalore-Chennai Expressway is still waiting to see the light of day. Although the central government is focussed towards making world-class expressways but delayed work on such crucial projects may mar the prospects of investments along this corridor. The Japan Chamber of Commerce and […]