For Reliance Infrastructure, higher volumes and tariff growth in its electricity business, besides eight of its toll roads generating revenues helped to post a 76 per cent rise in net profit at Rs 726 crore (Rs 411 crore) for the quarter ended March 31, 2013. However, revenues were down to Rs 6,187 crore (Rs 7,135 crore).
Author: admin (Infratructure Today)
Post
Post
Power biz, toll roads help R Infra to gain Rs 726 cr net
For Reliance Infrastructure, higher volumes and tariff growth in its electricity business, besides eight of its toll roads generating revenues helped to post a 76 per cent rise in net profit at Rs 726 crore (Rs 411 crore) for the quarter ended March 31, 2013. However, revenues were down to Rs 6,187 crore (Rs 7,135 crore).
Post
Madurai to repair ring road at Rs 50 lakh
To take up repairs on the Ring Road, the Madurai Corporation is spending Rs 50 lakh. The City Mayor VV Rajan Chellappa, along with Corporation Commissioner R Nanthagopal and senior engineers, inspected the work on May 15. According to a press release from the civic body, repair works are being done for the convenience of commuters and the general public.
Post
VMC faces charges of using substandard material for road works
Vadodara Congress leaders have complanied that the contractors hired by Vadodara Municipal Corporation (VMC) have been using substandard material for constructing roads in the city. They also leveled charges against VMC for alleged irregularities in road construction in Sama area.
Post
Bhubaneswar civic boy sends FOBs’ design for NIT’s nod
In Bhubaneswar, the structural design of the proposed foot overbridges (FOB) has been sent to National Institute of Technology (NIT), Rourkela for its examination. Since Bhubaneswar Municipal Corporation (BMC) does not have the expertise to examine the efficacy of such structure to be made of steel, it has roped in NIT for technical assistance.
Post
KNR Construction achieves financial closure of road project in Kerala
KNR Construction's subsidiary KNR Walayar has achieved financial closure of road project in Kerala, through public private partnership (PPP) on design, built, finance, operate and transfer toll basis. It has signed the financing documents with Central Bank of India, Bank of India, Corporation Bank, Canara Bank and Vijaya bank.
Post
Kochi civic body to approach NHAI for flyover designs
The National Highway Authority of India (NHAI) will be approached by the Kochi Corporation and ask it for designs of flyovers planned at Edappally, Vyttila and Palarivattom junctions in the city limits. Mayor Tony Chammany informed the council that he would take up the issue with NHAI project director CT Abraham.
Post
Compensation survey for highway carried out in Dimapur
In Nagaland, Dimapur's Deputy Commissioner N Hushili Sema has stated that the survey works for compensation of land and structure etc in regard to the extension of a 4 lane road in National Highway 39 from Patkai Bridge to Piphema has already been carried out by the departments concerned. A press note by the Deputy Commissioner stated that this was done in continuation of the earlier order issued on December 14, 2012.
Post
Compensation survery carried for highway evacuees in Dimapur
In Nagaland, Dimapur's Deputy Commissioner N Hushili Sema has stated that the survey works for compensation of land and structure etc in regard to the extension of a 4 lane road in National Highway 39 from Patkai Bridge to Piphema has already been carried out by the departments concerned. A press note by the Deputy Commissioner stated that this was done in continuation of the earlier order issued on December 14, 2012.
Post
Mundra port set to handle more cargo than Kandla port
Mundra port in Gulf of Kutch (Gujarat), which is operated by Adani Port and Special Economic Zone (APSEZ), handled 21 percent more cargo at 82 mn t during 2012-13 compared to the previous year. The port is expected to surpass the cargo volume of Kandla Port, which is also based in Gujarat, by next year. In 2012-13, Kandla Port handled over 89 mn