The NDA government has managed to save Rs 3 lakh crore worth bank loans to the road sector turning into NPAs, according to the minister of road transport and highways and shipping Nitin Gadkari.
Category: Roads & Highways
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IRB Infra’s arm achieves COD for highway project
Kaithal Tollway Pvt. Ltd. (KTPL), a Special Purpose Vehicle of IRB Infrastructure Developers Ltd., has commissioned its Kaithal Ăâ Rajasthan Border four laning highway project on 8th September 2017. With this, the project is now opened for vehicular traffic with effect from midnight 8th September 2017.
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OPERATION IN(FRA)SOLVENCY
With over Rs11 lakh crore debt, project investments worth Rs.32.7 lakh crore and cost overrun of Rs14.35 lakh crore is at stake, the current Insolvency and Bankruptcy Code 2016 is a sigh of relief for India's financial institutions.
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Vikram Solar opens its office in China at Shanghai
Vikram Solar Pvt. Ltd. recently announced the opening of a new office at YanĂâan W Road HongQiao, Shanghai, China. This decision has been taken with a view to accommodate growth and leverage the regionĂâs technology talent pool.
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Welspun Enterprises bets big in road sector, expands its portfolio
Welspun Enterprises Ltd (WEL), a subsidiary of Welspun Group, will expand its operations in the infrastructure sector by acquiring two road projects from Delhi-based MBL Infrastructures Ltd (MBL).
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Haryana CM opens up Hero- Honda Chowk flyover for public
Manohar Lal Khattar, Chief Minister, Haryana inaugurated the flyover on Monday. With the opening of this stretch, commuters can now take a direct route route from Hero Honda Chowk without passing through the Kherki Daula Toll Plaza.
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Maharashtra begins land acquisition for Samruddhi Corridor
In a major development, the first sale deed for Nagpur Mumbai Super Communication Expressway (NMSCE) has commenced.
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NHAI to Cushion Against Delays in Hybrid Annuity Projects
National Highways Authority of IndiaĂâs (NHAI) payment of mobilisation advances to developers will provide a fillip to the construction pace of hybrid annuity model (HAM) projects, says India Ratings and Research (Ind-Ra).
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Rs 26,000 cr ECC offers massive opportunities for private sector
Major players from hospitality, retail, construction and other sectors have held wide-ranging discussions with the DMICDC on investment and partnership opportunities in the Rs 26,000 crore International Exhibition-Cum-Convention Centre (ECC) proposed to be built in Dwarka, New Delhi.
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Analysing Data to Promote Safe Driving
Road traffic fatalities are the tenth leading cause of death globally. The World Health Organisation (WHO) predicts that if city authorities or government don't take necessary precautions in the next 13 years, it will become the 7th leading cause of death.