India’s Adani Enterprises reported a near-38% fall in profit on Thursday due to weak performance in its roads segment and higher expenses. Consolidated net profit fell to 4.51 billion rupees ($54.1 million) for the quarter ended March 31 from 7.22 billion rupees a year ago, the Adani group’s flagship company said in an exchange filing. […]
Category: Roads
Roads
To add 6000-km of high speed highways to the network: Road Secy
The Union government has executed highway projects worth 4000 km so far and plans to add another 6000 km to this network in the coming years, a top official at the Ministry of Road Transport and Highways said. According to road secretary Anurag Jain, “We would like to call them high speed corridors for seamless […]
NHAI set to incorporate wayside amenities into design of highways
In a shift in strategy, National Highways Authority of India (NHAI) is set to incorporate wayside amenities into the design of upcoming greenfield access-controlled highways, aiming to elevate the overall travel experience. As per the plan under discussion, these amenities could be used for landing drones, building helipads and to open retail outlets for selling […]
Self-healing roads may soon be a reality: NHAI
Roads that repair themselves could soon become a reality in the country, with the National Highways Authority of India (NHAI) beginning work on adopting a new technology for the purpose, said people familiar with the matter. The technology allows asphalt, used to build roads, to self-heal and address the issue of potholes, one of the […]
IRB Infra Trust SPVs make payment of Rs 6,111 cr to NHAI for TOT projects
IRB Infrastructure Trust, an associate of IRB Infrastructure Ltd, on Monday said its special purpose vehicles have made an upfront payment of Rs 6,111 crore to National Highways Authority of India (NHAI) for toll operate transfer projects. The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 […]
Election Commission seeks status quo on highway toll rates
The Election Commission of India has directed the Ministry of Road Transport and Highways not to go ahead with the scheduled revision of toll rates on highways till the election process is completed. The order will impact both publicly funded highways and those operated by private concessionaires. The toll rates on expressways average Rs 2.19/ […]
BRO connects strategic Nimmu-Padam-Darcha road in Ladakh
Border Roads Organisation (BRO) connected the strategic Nimmu-Padam-Darcha road in Ladakh on March 25. This 298-km road will connect Manali to Leh through Darcha and Nimmu on Kargil–Leh highway. The road is now the third axis apart from Manali-Leh and Srinagar-Leh which connects Ladakh to the hinterland, the Ministry of Defence said in a press […]
Govt directs officers to inspect highway stretches to detect encroachments
Nearly a month after the Supreme Court’s critical observation on how the system of highway administration is “only on paper”, the road transport ministry has directed all officers concerned to inspect stretches to detect encroachments and unauthorised occupation. The ministry, in a direction, has made it “obligatory” for officers to direct highway administrators to remove […]
MoRTH amends model concession agreements for BOT and TOT projects
The ministry of road transport and highways (MoRTH) have made over a dozen changes to the model concession agreement for build-operate-transfer (BOT) and tolling, operation, maintenance and Transfer (TOT) model to incentivise private sector to invest in creation of road infrastructure and to remove any ambiguity in the existing agreements. Some of the key amendments […]
National highways construction up, but govt may miss award target
With a month from the close of the financial year, construction of national highways (NH) in the country in FY24 has been nearly 13 per cent higher than the last financial year at 9,088 kilometres (km), data by the ministry of road transport and highways shows. However, the government is likely to miss its target […]
PM Modi launches development projects worth Rs 56,000 crore in Telangana
Prime Minister Narendra Modi on Monday dedicated to the nation and laid the foundation stone of multiple development projects related to power, rail and road sectors in Telangana worth more than Rs 56,000 crore. The PM’s official function here was attended by the State Governor Tamilisai Soundararajan and Chief Minister A Revanth Reddy among others. […]
Odisha’s Road to Renewal: From greenfield roads to six-lane highways, Gadkari paves the way for progress with marquee infrastructure projects
On Thursday, Union Minister for Road Transport & Highways Nitin Gadkari inaugurated and laid the foundation stones for 28 national highways (NHs) projects worth Rs 6,600 crore in Odisha. Nitin Gadkari along with Railway Minister Ashwini Vaishnaw virtually inaugurated a 79km four-lane road between Baharagora and Singhara on NH-49, valued at Rs 1,203 crore, and […]