Infrastructure
In an interview to CNBC-TV18, Jayant Mhaiskar, VC & MD of MEP Infrastructure spoke about the latest happenings in his company and sector. The company currently has an order book of close to Rs 4,000 crore of hybrid annuity projects to be executed over the next two-and-a-half years, he said. He expects the revenue topline […]
Continue Reading... No Comments.The Haryana government has approached the highways ministry to find solution to Kherki Dhaula toll plaza on Gurgaon Expressway, which has been a traffic bottleneck. Chief Minister Manohar Lal Khattar has sought Nitin Gadkari’s intervention to shift the toll plaza beyond Manesar. Sources said Khattar has raised how the toll plaza at Kherki Dhaula beyond […]
Continue Reading... No Comments.When he was little and his father was building his taxi business, Pradeep Yadav lived in a “chawl,” a rundown tenement in India’s financial capital, Mumbai. The apartment had one light, a fan and water for just two hours a day. Now he stands at the vanguard of a potential housing boom that brokerage CLSA […]
Continue Reading... No Comments.As part of its road connectivity programme for Jammu and Kashmir (J&K), the National Democratic Alliance (NDA) government has stepped up efforts to develop the transportation architecture for the state which has witnessed an unprecedented cycle of violence in recent years. These projects include developing roads totaling 683.31 km in length, with an investment of […]
Continue Reading... No Comments.The government is planning to launch a dedicated international subsidiary of the National Highways Authority of India (NHAI) to take up roads and highway projects abroad, particularly in South Asia. Simultaneously, India is also looking forward to setting up joint ventures (JVs) for road construction in neighbouring countries. Union Transport Minister Nitin Gadkari said his […]
Continue Reading... No Comments.Road transport and Highways Minister Nitin Gadkari’s target of awarding 25,000 km and building 15,000 km of roads in the last fiscal may have been missed by a wide margin, but that hasn’t come in the way of what his ministry looks to accomplish ahead, with the targets remaining unchanged for the current fiscal. While […]
Continue Reading... No Comments.The process of acquiring land for highway projects is set to get shorter by at least six months. The entire process will go digital eliminating chances of mistakes and reducing the long time taken for verification of land titles. The highways ministry has undertaken a massive exercise of hosting digital details of the land of […]
Continue Reading... No Comments.Nitin Gadkari might not have been a man of his word, but the goal-setting minister in charge of road transport, highways and shipping can take heart that he hasn’t shot too far off the mark, either. And in the ministry’s achievements, no less its missed targets, can be seen the broader narrative of infrastructure that […]
Continue Reading... No Comments.The road ministry’s efforts to improve the financial health of road companies in the country have paid off. According to ratings agency Crisil, credit profile of road engineering, procurement and construction (EPC) companies have shown a sharp turnaround. The Crisil report added that these road EPC companies are set for 15% topline growth in current […]
Continue Reading... No Comments.The State government on Tuesday recommended a CBI investigation in allegations of embezzlement of around Rs 700 crore by a Hyderabad-based private firm that was awarded the contract to construct the Delhi-Saharanpur four-lane highway. Principal Secretary (Home), Arvind Kumar confirmed that the letter to Department of Personnel & Training (Ministry of Home Affairs) recommending CBI […]
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