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Highway Development Programme
Highway Infrastructure Ltd, which has reported a multi-fold rise in the September quarter net profit to Rs 9.7 crore, expects to execute Rs 150-200 crore worth of EPC projects and is actively bidding for new projects of around Rs 250 crore, a top company official said on Monday. The company plans to execute Rs 150Rs 200 crore worth of EPC projects over the next two years and is actively bidding for new projects worth approximately Rs. 250 crores, Arun Kumar Jain, Managing Director, Highway Infrastructure Ltd said. The September quarter witnessed a robust influx of new orders, including the expansion of toll operations with projects at Kiratpur and Muzaina Fee Plazas in Uttar Pradesh, a Greenfield Expressway in Rajasthan, and Chotiya Fee Plaza in Chhattisgarh, Jain said. The company achieved its highest-ever order book of Rs 775 crore, which provides strong revenue visibility, Jain said. The infrastructure development and management company, which has a presence in tollway collectio
The Union Cabinet on Friday approved a four-lane access-controlled Patna-Sasaram corridor project in Bihar at an estimated cost of Rs 3,712.40 crore, an official statement said. Currently, the connectivity between Sasaram, Arrah and Patna relies on existing state highways (SH-2, SH-12, SH-81 and SH-102) and takes 3-4 hours due to heavy congestion, the Ministry of Road Transport & Highways said. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the construction of a 4-lane access-controlled greenfield and brownfield Patna Arrah Sasaram corridor, starting from Patna to Sasaram (120.10 km) in Bihar, the ministry said. The project will be developed on Hybrid Annuity Mode (HAM) at a total capital cost of Rs 3,712.40 crore. A greenfield corridor, along with 10.6 km of upgradation of the existing brownfield highway, will be developed to reduce the increasing congestion, catering to the needs of densely built-up areas in places like .
The Karanataka government on Monday approved nine industrial projects with a total investment of Rs 9,823.31 crore, which are expected to create approximately 5,605 jobs. The projects were approved at the 64th meeting of the State High Level Clearance Committee (SHLCC), headed by Karnataka Chief Minister Siddaramaiah. While three of these are new investment proposals, the remaining six involve expansions or amendments to existing plans. According to an official statement, the approved new projects include DN Solutions India Private Limited's Rs 998 crore investment at the ITIR, Devanahalli, expected to create 467 jobs; Silectric Semiconductor Manufacturing Private Limited's Rs 3,425.60 crore project at Kochanahalli, Mysuru, aimed at generating 460 jobs; and Sansera Engineering Limited's Rs 2,150 crore project at Harohalli, which is estimated to create 3,500 jobs. The six expansion or amended projects with total investments worth Rs 3249. 71 crore is expected to create 1178 ...
The Congress on Sunday termed the proposed Great Nicobar infrastructure project an "environmental and humanitarian disaster" and called for its thorough impartial review, including by the parliamentary committees concerned. Congress general secretary Jairam Ramesh shared a media report on X which claimed that a high-powered committee (HPC), appointed by the National Green Tribunal (NGT) and tasked with revisiting the green clearance for the Great Nicobar infrastructure project, has concluded that a proposed transshipment port does not fall in the Island Coastal Regulation Zone-IA (ICRZ-IA), where ports are prohibited, but is in ICRZ-IB where these are permitted. In a post on X, Ramesh said, "These are simply games being played at the behest of the Sutradhar, who is pushing for this environmental and humanitarian disaster that the Great Nicobar Mega Infra Project is." "Several questions arise -- How can land categorisation change like this? Surely, some sanctity must be given to the