Highway Projects

IRB Infrastructure Trust secures UP highway project for ₹9,270 crore

Following the addition of the TOT-17 project, toll revenue for the IRB Group's portfolio is expected to rise significantly, while the group's asset base will surpass ₹90,000 crore

Highway Infra Q2 reuslts: PAT rises to ₹9.7 cr, eyes ₹200 cr EPC 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

Cabinet okays ₹6,014 cr highway, railways projects in poll-bound Bihar

Cabinet clears ₹6,014 cr highway and railway projects in Bihar to boost freight, tourism, and cross-border trade, cutting travel time and expanding rail capacity

PM Modi set to inaugurate multiple development projects in Gujarat

Prime Minister Narendra Modi will be in Gujarat on February 24 and 25 and will launch a slew of development projects worth over Rs 52,250 crore related to health, road, rail, energy and tourism across the country. In a significant step towards strengthening tertiary healthcare in the country, the Prime Minister's Office (PMO) said, Modi will inaugurate five All India Institute of Medical Sciences (AIIMS) in Rajkot (Gujarat), Bathinda (Punjab), Raebareli (Uttar Pradesh), Kalyani (West Bengal) and Mangalagiri (Andhra Pradesh). He will inaugurate these facilities at a public function in Rajkot. At a function in Dwarka, the prime minister will inaugurate the 'Sudarshan Setu' connecting the Okha mainland and the Beyt Dwarka island built at a cost of around Rs 980 crore. The 2.32 km-long cable-stayed bridge is the longest of its kind in the country, the PMO said in a statement. Sudarshan Setu boasts a unique design, featuring a footpath adorned with verses from the Bhagavad Gita and imag

Mumbai-Goa highway to be ready by June, new toll policy soon, says Gadkari

Union minister Gadkari has said the long-delayed Mumbai-Goa highway will be completed by June this year, which is expected to bring relief to daily commuters and Konkan-bound travellers who have endured years of pothole-ridden roads. Speaking at an event here on Monday, the road transport and highways minister also reiterated that physical toll booths would be removed across the country soon and the Centre will come up with a new toll policy. Expressing confidence in the country's infrastructural future, Gadkari also said, "In the next two years, India's road infrastructure will be better than that of the United States." The national highway between Mumbai and Goa is expected to cut the travel time between these places and give a huge boost to development in the Konkan region. Gadkari acknowledged the many challenges faced in completing the highway. "There were numerous difficulties with the Mumbai-Goa highway. But do not worry, we will complete the road 100 per cent by this June,

NHAI plans to offer 15 projects worth Rs 44,000 cr under BOT mode in FY25

State-owned NHAI is looking to offer 15 road projects worth Rs 44,000 crore covering 937 km during the current financial year under the Build-Operate-Transfer (BOT) mode. Earlier this year, Ministry of Road Transport and Highways (MoRTH) came out with a modified BOT project document to attract private companies for investments in the highways sector. These stretches include Guwahati Ring road including Brahmaputra Bridge in Assam (project cost Rs 5,500 crore), Kasarwadi-Rajgurunagar in Maharashtra (Rs 5,954 crore), Pune-Shirur road project in Maharashtra ( Rs 6,170 crore) and Armoor-Mancherial road project in Telangana (Rs 3,175 crore), among others. In BOT projects, private investors take the financing, building and operating a highway project over a concession period of 20-30 years. The developer then recoups investment through user charges or tolls. The changes in BOT projects introduced earlier this year include construction support to concessionaires to complete them on time a

Signs of stress in Hybrid Annuity Model road projects: India Ratings

NHAI has maintained its 2024-25 outlook for both annuity projects and toll-collecting assets at stable

Lapataganj of dropped govt and private sector projects hits a high

The previous high of projects for which there is no information was in March 2019, an election year

SJVN signs agreement to provide technical consultancy services to NHAI

State-owned power producer SJVN on Monday said it has signed an agreement with NHAI to provide technical consultancy services for highway projects. The agreement was signed in the presence of NHAI Chairman Santosh Kumar Yadav and SJVN Director (Projects) Sushil Sharma in the national capital, SJVN said in a statement. "SJVN CMD Nand Lal Sharma has informed that SJVN has inked a Memorandum of Understanding (MoU) with the National Highways Authority of India (NHAI). The primary focus of this MoU is to utilise the expertise of SJVN in Technical Consultancy Services," it said. SJVN will review slope protection works at various locations, particularly on the hillside from the Parwanoo-Solan-Shimla section of NH-05, Kullu Manali Highway, and various NHAI projects located in Himachal Pradesh, the company said. Furthermore, SJVN will provide design review services, peer review services, and technical vetting of designs of NHAI and will also monitor the construction works and recommend ...

PNC Infratech sale could lead to valuation upgrades for road assets

National highway bid pipeline has recovered from a low of Rs 15,900 cr in December 2023 to Rs 68,400 cr in January 2024

Chhattisgarh highway projects to have dedicated infra for wildlife movement

A six-lane, 2.8-kilometre tunnel with 27 animal passes and 17 monkey canopies is a key component of the three national highway projects in Chattisgharh, the foundation stone for which will be laid by Prime Minister Narendra Modi on Friday. The tunnel will ensure unrestricted wildlife movement in the Udanti Wildlife Sanctuary area. Noting this, official sources said the development of such dedicated infrastructure for the safe passage of wildlife and their habitation while building national highways and expressways has been a frequent feature of highway development under the Modi government. On Friday, the prime minister will lay the foundation stone for three national highway projects for the Chhattisgarh section of the six-lane greenfield Raipur-Visakhapatnam corridor. "It has been the vision of Prime Minister Modi to minimise the impact of highway development on wildlife," an official said. Citing an example, the sources said the Delhi-Dehradun economic corridor, the foundation

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Nitin Gadkari inaugurates highway projects worth Rs 6,800 crore in MP

Union minister Nitin Gadkari inaugurated highway projects worth Rs 6,800 crore in Orchha, Madhya Pradesh. The 28 national highway projects has a total length of 550 km. Gadkari, the minister for road transport and highways, said that the construction of Powai, Orchha, Harpalpur, Kaithi Padhariya Kala, Patna Tamauli, Jasso, Nagaud and Sagar Link Road bypasses will reduce the traffic pressure in the city. He said with the construction of the Bhopal-Kanpur Economic Corridor, the transportation of cement and minerals will be easier and the logistic cost will be reduced, the ministry of road transport and highways said in a statement. The minister said with the construction of this corridor, connectivity from Bhopal to Kanpur, Lucknow, Prayagraj, Varanasi will be good. Construction of a 2-lane road with paved shoulder from Tikamgarh to Orchha will make traffic safe. Gadkari also announced the construction of a four-lane greenfield road of 105 kilometre length from Bamitha to Satna at a

Road, transport sector has maximum number of delayed projects: Govt report

The road transport and highways sector has the maximum number of delayed projects at 243, followed by railways at 114 and the petroleum sector at 89, showed a government report. In the road transport and highways sector, 243 out of 826 projects are delayed. In railways, out of 173 projects, 114 are delayed, while in petroleum sector, 89 out of 142 projects are delayed, as per the latest flash report on infrastructure projects for October 2022. The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies. The IPMD comes under the Ministry of Statistics and Programme Implementation. The report showed that the Muneerabad-Mahaboobnagar rail project is the most-delayed project. It is delayed by 276 months. The second-most delayed project is the Udhampur-Srinagar-Baramulla rail

Gadkari inaugurates 2 highway projects worth Rs 1,082 cr in West Bengal

Union Minister for Road Transport and Highways, Nitin Gadkari inaugurated 2 NH projects worth Rs 1,082 crore at Raiganj, West Bengal, said a press release by the Ministry of Road Transport & Highways.Gadkari said fulfilling the 60-year-old demand of the people of Dalkhola (NH-34), this 5 km and 4-lane bypass built at the total cost of Rs 120 crore, will finally solve the traffic problem in Dalkhola town now, added the press release.Apart from this, the travel time from Siliguri to Kolkata will reduce by two hours due to the construction of the bypass and ROB. This stretch will also improve movement along border areas of Bangladesh, Bhutan, and Nepal, he added, as per the statement.The minister said that built at a total cost of Rs 962 crore, the 4-laning of Raniganj to Dalkhola stretch has improved the overall connectivity between West Medinipur and till borders of Bangladesh. This stretch will also enhance connectivity between Bengal & North Eastern Region.

Centre to sanction Rs 6,600 cr in Mizoram for highway projects, says CM

Mizoram Chief Minister Zoramthanga on Tuesday said the Centre would soon sanction various highway projects worth over Rs 6,600 crore in the state. Addressing a programme at Mizo National Front (MNF) office here, the CM, who is also the party's president, said that he had last week attended a review meeting of northeast states on highway projects, during which Union minister Nitin Gadkari gave assurance that several initiatives will be launched in Mizoram to strengthen connectivity. "Union Road Transport and Highways Minister Nitin Gadkari, who presided over the meeting, had announced that the Centre would sanction various highway projects in Mizoram worth Rs 6,664 crore to strengthen connectivity in the state," Zoramthanga said. The proposed projects include widening of a 28-km-long Zorinpui to Longmasu national highway, near the Myanmar border, and four-laning of 21-km-long stretch between Vairengte and Sairang. The CM also said that Gadkari would soon visit the state to unveil tw

Highway construction pace in Oct falls 20% YoY in another month of decline

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

Govt won't sponsor roads sector InvITs; plans to bring retail investment

InvITs are collective investment vehicles that allow direct investments from individual and institutional investors in infrastructure projects, and give them a small portion of the income in returns

Shapoorji Pallonji sells entire stake in Jammu-Udhampur highway to NIIF

Contract for the project, which connects with Mata Vaishno Devi shrine, allowed the firm to collect a semi-annual sum for 20 years

Earnest money deposit provision in highways bidding process restored

The government's decision also comes in the backdrop of a rising tendency of bidders to make abnormally low bids for construction and consultancy contracts