In what should have been a major story that was buried under other headlines, India achieved a significant milestone in its Digital India programme when 100,000-gram panchayats, or village councils, across the country were connected through a high-speed optical fibre network called BharatNet.
Tag: NHAI
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Post Budget Analysis | Infrastructure: Road
Total budgetary allocation for the sector (including PMGSY) raised by 6.7 per cent to Rs 89,544 crore from Rs 83,900 crore in the previous year.
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IRB InfraÂ’s SPV receives Appointed Date from NHAI
CG Tollway Private Ltd., a wholly-owned Subsidiary and a Special Purpose Vehicle (SPV) of IRB Infrastructure Developers Ltd., has received Appointed Date from NHAI for its Chittorgarh to Gulabpura six laning Highway Project.
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We are implementing projects worth Rs.7,000 crore
Considerable investments are planned through private sector participation in addition to investments through internal resources of VPT for port modernisation in the major thrust areas of deepening of channels and berths, development of new berths, modernisation and mechanisation of existing berths and improvements in connectivity and other logistics such as multi-model logistic parks, said MT Krishna Babu, Chairman, Port of Visakhapatnam.
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GovernmentÂ’s focus on road sector yields positive results: ICRA
Effective policy measures by the Government over the last 36 months have revived the Indian road sector and supporting the execution pace. According to ICRA, these include steps like awarding projects after securing 80 per cent right of way; expediting projects stuck midway, delegating the power to grant forest clearances to regional offices, online filing for clearances to construct ROB and RUBs and increasing the limit on sand mining.
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Govt saved Rs 3 lakh crore loans to road sector turning into NPAs: Gadkari
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.
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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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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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NHAI to Cushion Against Delays in Hybrid Annuity Projects
National Highways Authority of IndiaÂ’s (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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IRB InfraÂ’s SPV achieves Financial Closure for Rs 2,088 cr
Udaipur Tollway Pvt. Ltd, a Special Purpose Vehicle (SPV) of India’s largest Highways Infrastructure developers, IRB Infrastructure Developers Ltd, has successfully achieved financial closure for its Udaipur – Gujarat Border 6 Laning BOT project.