India Highway Projects

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 four-lane upgrade of NH-87 between Paramakudi and Ramanathapuram aims to ease traffic congestion, boost tourism and trade, and create nearly 1.84 million employment days

The Ministry of Road Transport and Highways will build 74 new tunnels across India, spanning 273 km, with an estimated cost of Rs 1 trillion

Launched in October 2017, Bharatmala Pariyojana aimed to develop 74,942 kms of national highways with an investment of Rs 5.35 trillion

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

Govt seeks to increase Indian investment in road InvITs

Dip in October has severely dented prospects of road ministry meeting its target of constructing 12,000-14,000 km of highways in 2022-23

The ministry had constructed 10,237 kms in 2019-20, 13,327 kms in 2020-21, and 10,457 kms in 2021-22

Its InvITs have a combined value of $3.8 billion and cover 33 assets in 22 states

In a written reply to the Rajya Sabha, the Road Transport and Highways Minister said that time for the completion of a project is generally kept two-three years from the date of the award

The Minister said the NHAI has resumed 95 per cent of work on war-footing now with permission to start construction activities while adhering to guidelines.

The project comprises components like sustainable development and maintenance of National Highways, Institutional Capacity Enhancement, Road Safety and Research and Development.

Toll fee collection from the highway projects developed under the hybrid annuity model is the responsibility of the government/authority.

Singh said that amid talks of slowing global economy, highways sector has the potential to revive growth citing how the US survived economic depression

The Minister said that the line of credit will be used to fund the ambitious Bharatmala project, the revised cost of which has reached Rs 8.41 trillion

The present government has doubled that length to 180,000 km

Appoints Crisil, Deloitte and Mazars to conduct due diligence of nine stretches that would be tendered this month

India to invest Rs 25,000 cr in highway linking projects for International trade