Bangarupalem Gudipala Highways Private Limited, a subsidiary of Dilip Buildcon Limited, achieved financial closure for implementation of Package III of the Bengaluru-Chennai Eight Lane Expressway Project (Phase II). Package III involves four laning of a […]
The bankruptcy court has approved Prakash Asphaltings & Toll Highways (India) Limited’s resolution plan for Rajahmundry Godavari Bridge Limited. The Mumbai bench of the National Company Law Tribunal approved the revival plan after the lenders […]
Larsen & Toubro is selling eight operational road assets to Edelweiss Infrastructure Yield Plus, an infrastructure fund managed by Edelweiss Alternative Asset Advisors, for Rs 70 billion in enterprise value. The transaction is still awaiting […]
The National Investment and Infrastructure Fund has announced a $380 million (Rs 30.35 billion) investment in Navayuga Quazigund Expressway Private Limited (NQEPL) for an undisclosed stake. The NIIF made the investment in NQEPL, a build-operate-transfer […]
Construction work on the Sultanpur-Varanasi Four Laning Highway Project (NH-56) is expected to be completed by December 2022. The project involves four laning of the Sultanpur-Varanasi section of NH-56 from km 134.7 (design chainage 134.7 […]
Anusha Projects Private Limited has emerged as the lowest bidder (L1) for implementation of the Mudigubba-Puttaparthi Two Laning Road Project (NH-342). The company had quoted an amount of Rs 2,023.4 million. The project involves two […]
H.G. Infra Engineering Private Limited has received the completion certificate for Package IV of the Delhi-Vadodara Eight-Lane Expressway Project (NH-148N) [part of the Delhi-Mumbai Expressway] [Bharatmala Pariyojana]. It was declared fit for operation on June […]
The central government inaugurated the Bundelkhand Six-Lane Expressway Project (NH-35/76, NH-91) on July 16, 2022. The project, being implemented by the Uttar Pradesh Expressways Industrial Development Authority, involves the construction of a 296 km long […]
During April-June 2022, the construction of national highways slowed down to 20.43 km per day. As of July 2022-23, MoRTH has constructed 2,493 km of national highways, compared to 2,930 km in July 2021-22. During […]
The construction work on the cable-stayed bridge under the Kota Bypass has been completed. The project involved the construction and maintenance of a 1.4 km long cable-stayed bridge across the Chambal river under the Kota […]
DilipBuildcon Limited has received the completion certificate for two packages of the Davanagere-Haveri Six Laning Road Project (NH-48) in Karnataka. Package 1B involved six-laning of the road section from km 275.6 to km 282.45. Package […]
The central government inaugurated the Bhagwan Das-Purana Qila (Delhi) Tunnel Project on June 19, 2022. The project involves the construction of a 1.6 km long six-lane tunnel and six underpasses at a cost of Rs […]
The Ministry of Road Transport and Highways has laid the foundation stone for the Sriganganagar-Raisinghnagar two-laning road project (NH-911) Package I. The project involves two-laning of a 102.07 km long road stretch from design chainage […]
The Gurugram Metropolitan Development Authority has approved the construction of the Hero Honda-Umang Bhardwaj Chowk Elevated Road Project (NH-8). The project involves the construction of a 3.2 km long elevated road between Hero Honda Chowk […]
NHAI is planning to raise up to Rs 40 billion for its infrastructure investment trust (InvIT) by forming a new SPV under the trust structure. While half of the funds may be raised by selling […]
The construction work on the Dwarka-Manesar Expressway Project (Northern Peripheral Road Project/Gurgaon-Dwarka Expressway) is expected to be completed by 2023. The Dwarka-Manesar Expressway Project or the Northern Peripheral Road or the Dwarka-Gurgaon Expressway involves the […]
Ceigall India Limited has received the letter of award worth Rs 10,382.4 million from IRCON International Limited for the implementation of Package III of the Ludhiana-Rupnagar four/six-laning highway project. Bids for the same were issued […]
The UK’s global investor Actis has acquired a portfolio of six operating highway toll road projects in India from Welspun Enterprises Limited (WEL), part of the Welspun Group, for a total value of $775 million […]
DilipBuildcon Limited (DBL) has received a provisional completion certificate (PCC) for completion of the Sangli-Borgaon Four Laning Road Project (NH-166). The project involves four-laning of the 41.44 km Sangli-Borgaon section on the Sangli-Solapur Road stretch […]
The National Highways Authority of India (NHAI) has approved the construction of the Vijayawada-Nagpur Express Highway, which will enhance Andhra Pradesh’s connectivity with Maharashtra. The NHAI has authorised the construction of 457 km of roads […]
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