NHAI To Speed Up 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

Several districts, including Kanpur, Bareilly, Barabanki, Bahraich, Agra, Aligarh, and Gorakhpur are poised to benefit from these projects

State-owned NHAI is working towards development of around 10,000 kilometres of Optic Fibre Cables (OFC) infrastructure across the country by FY2024-25, according to an official statement. The statement said National Highways Logistics Management Limited (NHLML), a fully-owned special purpose vehicle of NHAI, will implement the network of "digital highways" by developing integrated utility corridors along the national highways to develop OFC infrastructure. According to the statement, around 1,367 kilometres on the Delhi-Mumbai Expressway and 512 km on the Hyderabad-Bangalore corridor have been identified as pilot routes for the digital highway development. The statement said providing internet connectivity to remote locations across the country, the OFC network will help expedite the roll-out of new-age telecom technologies like 5G & 6G. The recently-inaugurated 246-km DelhiDausaLalsot section of the Delhi-Mumbai Expressway features a three-metre dedicated utility corridor used to

It said projects for bidding during Jan-March 2018 will be identified by the end of the month