Business Standard

Road Construction

Road projects awarding declines, competition to remain elevated: ICRA

HAM and EPC will continue to dominate project awards along with an increase in the share of BOT projects in FY 2025

Road projects awarding declines, competition to remain elevated: ICRA
Updated On : 17 Sep 2024 | 6:16 PM IST

Cabinet approves 8 high-speed road corridor projects worth Rs 50,655 crore

The Union Cabinet on Friday approved eight important national High-Speed Road Corridor Projects of length 936 km entailing a total cost of Rs 50,655 crore to improve logistics efficiency and enhance connectivity across the country, an official statement said. The implementation of these 8 projects will generate an estimated 4.42 crore mandays of direct and indirect employment, it said. The projects include- 6-Lane Agra-Gwalior National High-Speed Corridor, 4-Lane Kharagpur - Moregram National High-Speed Corridor, 6-Lane Tharad - Deesa - Mehsana - Ahmedabad National High-Speed Corridor, 4-lane Ayodhya Ring Road, 4-Lane Section between Pathalgaon and Gumla of Raipur-Ranchi National Highspeed Corridor, and 6-Lane Kanpur Ring Road.

Cabinet approves 8 high-speed road corridor projects worth Rs 50,655 crore
Updated On : 03 Aug 2024 | 12:30 AM IST

Gujarat CM approves Rs 1740 cr for road infra in industrial & quarry areas

Constructing these roads will ease traffic in the cities, towns, and villages connected by them, providing well-suited roads for vehicular movement

Gujarat CM approves Rs 1740 cr for road infra in industrial & quarry areas
Updated On : 17 Jul 2024 | 1:59 PM IST

Road network expansion to pose big challenge for air cargo: IndiGo

Only about 60 per cent of IndiGo's total cargo capacity is being utilised due to the airline's rapid expansion to 2,000 flights a day, resulting in a number of routes with low cargo demand

Road network expansion to pose big challenge for air cargo: IndiGo
Updated On : 07 Jun 2024 | 10:26 PM IST

Ashoka Buildcon soars 9%, hits all-time high on order win worth Rs 2,152 cr

The surge came after the company bagged two orders worth Rs 2,150 crore from Maharashtra State Road Development Corporation Ltd (MSRDC)

Ashoka Buildcon soars 9%, hits all-time high on order win worth Rs 2,152 cr
Updated On : 03 Jun 2024 | 2:32 PM IST

Highway Ministry hits 20% of capital expenditure target in April 2024

Ministry has created 100-day plan for new government, highway min says

Highway Ministry hits 20% of capital expenditure target in April 2024
Updated On : 14 May 2024 | 11:19 PM IST

Road rage on deal street: Changing landscape of highway construction biz

$11.3 billion worth of highways have changed hands since 2019, and road construction has moved out of the isolated universe of thekedars to embrace fund managers in fine suits

Road rage on deal street: Changing landscape of highway construction biz
Updated On : 14 May 2024 | 12:31 AM IST

Govt likely to construct 5-8% more roads in 2024-25, says ICRA report

Since Prime Minister Narendra Modi took office in 2014, India built about 90,000 kilometres of national highway, almost double that constructed in previous decade, according to government estimates

Govt likely to construct 5-8% more roads in 2024-25, says ICRA report
Updated On : 16 Apr 2024 | 7:41 PM IST

Morth builds over 12,000 km of highways in FY24, 2nd highest so far

The Road Transport and Highways Ministry constructed 12,349 km of national highways in 2023-24, the second highest in its history, a senior government official said on Tuesday. Previously, the Ministry of Road Transport and Highways (MoRTH) had constructed a record 13,327 kilometres of national highways in 2020-21. National highways of 10,331 kilometres were constructed in 2022-23 against 10,457 kilometres in 2021-22. Highways of 10,237 kilometres were built in 2019-20. The official further said that the ministry awarded 8,581 national highway projects in 2023-24. The government has launched a pilot project to provide cashless treatment to road accident victims. Accident victims will be entitled to cashless treatment of up to Rs 1.5 lakh, the official said.

Morth builds over 12,000 km of highways in FY24, 2nd highest so far
Updated On : 09 Apr 2024 | 7:44 PM IST

No road, no vote: villagers puts up banner outside Amethi ahead of polls

In the run-up to the Lok Sabha elections, local people have put up a banner saying "no road, no vote" outside their village in the Gauriganj tehsil here, drawing attention to their problems. A banner came up outside Purey Alpi Tiwari hamlet in Sarmeny village under Jamo block on Monday warning to boycott the coming elections with the locals raising slogans. Amethi, which is considered as a VVIP constituency, was represented by the Nehru-Gandhi family until Union minister Smriti Irani wrested the Lok Sabha seat in 2019. Gauriganj SDM Digvijay Singh on Tuesday said information about the villagers' protest has been received and effort will be made to solve the problem following further investigation. Omprakash Ojha, a resident of the hamlet, told reporters that there are seven small roads connecting the village to nearby areas but all of them are unpaved. "Due to lack of access to the village, we have to perform the marriages of our sons and daughters elsewhere. Even bikes cannot mov

No road, no vote: villagers puts up banner outside Amethi ahead of polls
Updated On : 19 Mar 2024 | 6:40 PM IST

Govt clears Rs 6,621 cr for construction of eight stretches on NH-913

The Ministry of Road Transport and Highways (MoRTH) has sanctioned Rs 6,621.62 crore for the construction of eight stretches on National Highway-913, designated as the Frontier Highway. Union Road Transport and Highways Minister Nitin Gadkari in a series of posts on X said the comprehensive project spans a total length of 265.49 km. Gadkari said encompassed within this initiative are package 1, 3, and 5, covering the Huri-Taliha section, two packages on the Bile-Migging section, package 2 & 4 managing the Kharsang-Maio-Gandhigram-Vijaynagar section, and package 1 focusing on the Bomdila-Nafra-Lada section. The minister said the development of these highway stretches holds promise for enhanced connectivity to border areas, fostering socio-economic growth in the region. The construction of the Frontier Highway is anticipated to curb migration and facilitate reverse migration towards the border areas of Arunachal Pradesh, he added. In a separate post on X, Gadkari said MoRTH has ...

Govt clears Rs 6,621 cr for construction of eight stretches on NH-913
Updated On : 12 Mar 2024 | 8:40 PM IST

PM Modi to inaugurate ring road in Lucknow in 2nd week of March: Rajnath

Defence Minister Rajnath Singh on Monday said Prime Minister Narendra Modi will inaugurate the ring road here in the second week of March, when he will launch several developmental projects for the country. Singh was addressing a gathering at Gomti Nagar railway station which was among over 2,000 rail infrastructure projects worth about Rs 41,000 crore launched by the prime minister this afternoon. "As far as development of Lucknow constituency is concerned, people are experiencing it. Work is on for the construction of one-two flyovers. Besides them eight-nine flyovers are sanctioned and work is to be started. "A ring road of 104 km is going on. It will be completed in the next three to four days and PM Modi will inaugurate it in the second week of March, when he will launch several projects for the country," Singh said. The minister said, "In today's programme, UP projects worth about Rs 1,876 crore are being inaugurated or foundation stones (are being) laid for them. It included

PM Modi to inaugurate ring road in Lucknow in 2nd week of March: Rajnath
Updated On : 26 Feb 2024 | 3:33 PM IST

Road EPC firms' order book shrinks as highway tendering hits slow lane

The lack of orders is neither causing worry over credit-worthiness nor dampening enthusiasm

Road EPC firms' order book shrinks as highway tendering hits slow lane
Updated On : 25 Feb 2024 | 11:14 PM IST

Highway construction to be around 12,000-13,000 km in FY24: Road secy

Road Secretary Anurag Jain says capacity augmentation, lane widening will touch a record high in FY24

Highway construction to be around 12,000-13,000 km in FY24: Road secy
Updated On : 24 Feb 2024 | 12:10 AM IST

India's record pace in building roads slows down as bills rise, polls near

Terms for building expressways have been changed as the government seeks better utilisation of funds

India's record pace in building roads slows down as bills rise, polls near
Updated On : 14 Feb 2024 | 4:34 PM IST

Kerala govt plans drive and charge infrastructure for electric vehicles

Pilot project to take shape in FY25; roads to have copper coils with receivers on vehicles

Kerala govt plans drive and charge infrastructure for electric vehicles
Updated On : 09 Feb 2024 | 11:57 PM IST

Share of rural roads in total spends likely to fall further, shows data

The Budget indicates that the government is seeking participation from the private sector, suggested Aniket Dani, director, CRISIL Research

Share of rural roads in total spends likely to fall further, shows data
Updated On : 03 Feb 2024 | 12:13 AM IST

Road safety topmost priority, will reduce accident deaths by 50%: Gadkari

Road safety is the topmost priority of the government, which has set a target to reduce accident deaths by 50 per cent by 2030, Union Minister Nitin Gadkari said on Tuesday. Addressing an event organised by industry body CII, Gadkari further said change in social behaviour is very important along with focusing on strengthening 4Es' of road safety -- Engineering (road & vehicle engineering), Enforcement, Education and Emergency medical service. He emphasized on cooperation of all stakeholders for enhancing road safety. The road transport and highways minister said as per a report, there were 4.6 lakh road accidents, 1.68 lakh deaths and 4 lakh serious injuries in 2022. He said every hour there are 53 road accidents and 19 deaths. Gadkari said the number of road accidents increased by 12 per cent and accident deaths by 10 per cent in 2022, resulting in loss of 3.14 per cent to the GDP . The minister said 60 per cent of deaths was in the age group of 18-35 years. He said the system

Road safety topmost priority, will reduce accident deaths by 50%: Gadkari
Updated On : 16 Jan 2024 | 3:21 PM IST

KKR-backed Invit snaps up 12 road projects for Rs 9,005.70 crore

The road portfolio comprises 11 hybrid annuity concessions from the National Highways Authority of India (NHAI) and one toll road concession from the Uttar Pradesh State Highways Authority (UPSHA)

KKR-backed Invit snaps up 12 road projects for Rs 9,005.70 crore
Updated On : 15 Jan 2024 | 10:59 PM IST

'Centre to revamp BOT model, boosting private capital in national highways'

The Centre had decided to make major rejigs in the BOT concession amid tepid interest from private players for the asset monetisation model

'Centre to revamp BOT model, boosting private capital in national highways'
Updated On : 09 Jan 2024 | 12:32 AM IST