After GMR, now it is GVK Power and Infrastructure which has terminated a contract with the National Highways Authority for building a section of road in Madhya Pradesh. GVK Shivpuri Dewas Expressway, a subsidiary of GVK Power and Infrastructure, has terminated the concession agreement, on January 12, executed by it with NHAI, the company said in a BSE filing on January 14.
Author: admin (Infratructure Today)
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CM firm over Mumbai’s coastal road project
Maharashtra Chief Minister Prithviraj Chavan, who has been pushing for the Rs 8,000-crore coastal road project between Colaba and Kandivali, has been receiving warnings from senior ministers of NCP, saying the project is likely to alter the picturesque seashore, which is the main tourist attraction of Mumbai.
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Maha’s e’way safety: Auto body to submit report by Feb 7
A report recommending safety measures to be taken on the Mumbai-Pune Expressway and the Mumbai-Goa highway will be submitted to the Maharashtra government by February 7. The report is being prepared by the Western India Automobile Association ( WIAA).
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Infra firms face hardships over road projects
Finding it difficult to close road contracts undertaken in the build-operate-transfer mode due to delays construction companies are in a quandary over National Highway and State road projects. They are now looking at new norms that place emphasis on the equipment, procurement and construction (EPC) approach.
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Reliance Infra may exit from Haryana h’way project
Fear of Reliance Infrastructure exiting Haryana's maiden toll road project - the Gurgaon-Faridabad highway Ćā looms large as the company has been incurring a daily revenue loss of at least Rs 10-Rs 12 lakh since trucks are not paying toll charges and also damaging toll plazas.
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Lane-changing zones to come up on 674 roads in Delhi
To improve lane driving in Delhi, the State PWD will create 'lane changing zones' well before a flyover or a cut comes up on a road. This will be done by painting arrow signs on the lanes and putting up road signs well ahead to avoid last-minute cross-weaving of traffic.
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Aranmula airport project gets nod from Centre
In Kerala, the private sector KGS Aranmula International Airport has received the crucial Ćāin-principle approvalĆā of the Union Ministry of Civil Aviation. The approval is effective from September 4, 2012. PT Nandakumar, Executive Director of the airport company, said that this is the final clearance granted by the steering committee of the Ministry chaired by Secretary, Civil Aviation.
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Bhushan Steel about to complete expansion project
Bhushan Steel is reportedly nearing completion of its 3 million tonne (mn t) capacity expansion project at its Odisha plant and the firm expects to begin hot metal production from the new blast furnace by March. Presently, the firm has a production capacity of 2.5 mn tpa (million tonne per annum) and it produces secondary steel products like cold-rolled coils, galvanised coils
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JSW Steel announced 8% rise in output
In October-December 2012, production of crude steel at JSW Steel expanded only 8 per cent to 20.94 lakh tonne because of impediments like shortages of iron ore. In Oct-Dec 2011, the company produced 19.39 lakh tonne (l t) crude steel. But production declined nearly 3.60 per cent from the preceding quarter, when it had produced 21.72 lakh tonne (l t) crude steel
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Uttam Galvas Steels sees recovery in export
Uttam Galva Steels has reportedly witnessed recovery in the sale of its products in the European and US markets. The company, which is an associate of ArcelorMittal, realised 40 per cent of its Rs 5,475 crore total turnover from exports in the last financial year. ArcelorMittal holds 34.42 per cent stake in the firm.The firm