Highway Expansion

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

Suraksha Group's Sudhir Valia says India's road contracts should move away from the lowest-bid model that fuels poor quality and repeated monsoon damage

Four-laning of NH-332A between Marakkanam and Puducherry to ease congestion, boost trade, tourism, and create over 1.8 million person-days of employment in Tamil Nadu

Union Minister Nitin Gadkari on Tuesday said the Centre has sanctioned an allocation of Rs 6,621.62 crore for construction of the ambitious frontier highway in Arunachal Pradesh. The allocation has been made for the construction of eight packages on National Highway 913 (Frontier Highway), transitioning to an intermediate lane configuration using the EPC mode, the minister said. The project spans a total length of 265.49 kilometres. Encompassed within this initiative are packages 1, 3 and 5 covering the Huri-Taliha section, two packages addressing the Bile-Migging section, packages 2 and 4 managing the Kharsang-Miao-Gandhigram-Vijaynagar section, and package 1 focusing on the Bomdila-Nafra-Lada section, the transport minister said. The development of these highway stretches holds promise for enhanced connectivity to border areas, fostering socio-economic growth in the state, he said. The construction of the frontier highway is anticipated to curb migration and facilitate reverse .

Only 20% of the ambitious target of building 13,800 km of highways have been constructed so far for the financial year

MoU signed to expedite crossing permissions, resolve disputes

The Covid-19 pandemic and an unusually long rainy season have kept the authorities from reaching the annual highway construction target of 12,000 km

To fund acquisition of three projects from NHAI, with which it will sign a concession agreement for 20 years

The five projects are: Belagavi-Sankeshwar bypass, Sankeshwar bypass up to Maharashtra border, Chorla-Jamboki-Belagavi, Vijayapura-Muragundi (NH 548B) and Siddapura-Vijayapura(NH 561A)

Borrowing up seven times in five years, growing at a CAGR of 47.6 per cent from Rs 45,300 crore at the end of March 2016

The NHAI said it is actively promoting digital payments to enhance the user experience on national highways

Maintaining cash flow a problem; experts feel global players needed for execution, maintenance

Nomenclature leads to reduction in toll revenues for the existing highways

This could also put to rest allegations that the Narendra Modi government has failed to create employment opportunities