IRB Infrastructure board approves 10-for-1 stock split
The board of IRB Infrastructure Developers has approved a stock split of 10 for 1.
Read MoreCategory: Other Developments
Dilip Buildcon incorporates SPV for Maradgi S Andola- Baswantpur Greenfield Highway Project
DBL incorporated Maradgi S Andola-Baswantpur Highways as SPV for Maradgi S Andola- Baswantpur Six Lane Greenfield Highway.
Read MoreBudgetary allocation towards roads to increase by 30 per cent
The government plans to increase its focus on infrastructure growth in the coming Union budget by allocating 30 per cent more funds for MoRTH to speed up construction of highways.
Read MoreNHAI to now accept electronic bank guarantees
The National Highways Authority of India has begun accepting Electronic Bank Guarantees (E-BGs) and has digitised all of its existing Bank Guarantees.
Read MoreNHAI to bear 80 per cent land acquisition cost for Pune ring road
The National Highways Authority of India (NHAI) has decided to….
Read MoreGovernment drops plan to directly sponsor roads sector InvITs
The Ministry of Road Transport and Highways has scrapped the plan to fund infrastructure development using public money through government-sponsored road and highway sector InvITs.
Read MoreGovernment to approach capital market to raise funds for four road projects
In September 2022, the government will approach the capital market to raise funds for four road projects.
Read MoreNCLT approves Prakash Asphaltings & Toll Highways’ resolution plan for Rajahmundry Godavari Bridge
NCLT approved Prakash Asphaltings’ resolution plan for Rajahmundry Godavari Bridge.
Read MoreNHAI hikes toll fee at Sohna elevated road
NHAI has increased the Sohna elevated toll fees.
Read MoreCrisil: NHAI bids may slow down in FY23
Crisil Research has identified a number of issues plaguing NHAI’s national highways projects.
Read MoreARTL incorporates subsidiary for implementation of Package II of Satara-Kagal road project
ARTL incorporated a wholly owned subsidiary, KSRPL for implementation of Package II of the Satara-Kagal Six Laning Road Project (NH-4).
Read MoreG R Infraprojects incorporates subsidiary for implementation of Bhimasar-Bhuj Four Laning Road Project
G R Infraprojects Limited incorporated a wholly owned subsidiary, GR Bhimasar Bhuj Highway Private Limited for implementation of Package I of the Bhimasar-Bhuj Four Laning Road Project (NH-341, NH-41).
Read MoreFASTag collections top Rs 40 billion in March, FY22 mop-up Rs 380 billion
Due to increased mobility and FASTag adoption, the platform’s toll revenues reached Rs 40.95 billion in March.
Read MoreElevated crude price a threat to NHAI’s capex funds
Due to the increased likelihood of a cess reduction on petrol during FY23 the government may struggle to provide the NHAI with the estimated Rs 1.34 trillion in budgetary support (BE) for the current fiscal.
Read MoreIRB Infra starts toll collection in Palsit-Dankuni highway in West Bengal
IRBIDL has announced the commencement of toll collection on West Bengal’s Palsit-Dankuni national highway.
Read MoreMacquarie considers sale of Toll-Road Assets in India
Macquarie Group Limited is considering a sale of toll-road assets in India.
Read MoreIL&FS resolution under Kotak completes Rs 610 billion of Rs 993.55 billion debt
IL&FS announced the resolution of Rs 610 billion (62 per cent) of the Rs 993.55 billion owed to the system by the group’s 347 entities.
Read MoreRising crude oil prices likely to impact infra funding in FY23
With crude oil prices at an eight-year high, concerns about funding infrastructure projects, particularly those involving roads and water, have grown.
Read MoreShadow of cess cut over NHAI finances
Capital budget allocations for the ministry of road transport and roads increased by just 1 per cent in FY23, including borrowing, which is disappointing given growing inflation.
Read MoreDilip Buildcon incorporates SPV for implementation of Sargi-Basanwahi road project
DBL incorporated a special purpose vehicle (SPV) viz., Raipur-Vishakhapatnam-CG-2 Highways Limited for implementation of the Sargi-Basanwahi Six Laning Road Project (Raipur-Visakhapatnam Economics Corridor) Package CG-2
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