The Union government has invited bids worth Rs 20,000 crore,to widen 2,000 km of highways, opening up a big opportunity for companies such as L&T, GMR,Reliance Infrastructure and Gammon.This has helped the National Highways Authority of India (NHAI) inch closer to its target.
Tag: Reliance Infrastructure
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Expect more competition, higher tariffs: Experts
The brand new clause that permits high-volume users to purchase power under OA will both impact and benefit the dismally ailing distribution companies. Our experts variously believe that the demand for power may go up,
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Learn from highways to get processes right: Experts
If the nascent segment of rural roads must attract private participation to raise the quality bar,it needs to gain the confidence of the companies by doing its tendering processes right and offering government clearances upfront.Mahesh M Hiremath, COO, Karnataka Rural Roads Development Agency, one of the better state performers having upgraded nearly 15,000 km of rural roads to all-weather with an expenditure of Rs 3,371 crore under PMGSY.
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RInfra commissions transmission line in Gujarat
Reliance Infrastructure has commissioned a new 400-kV transmission line in Gujarat, making this the company's fifth functional line.
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Infrascape 2012 | Rural roads: Modified EPC may be solution
Rural roads constituted over 84 per cent (2.65 million) of Indian Roads Network in 2010-11, and were constructed at the rate of 124 km per day. Around 80,195 km of rural roads were completed till March this year.
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RInfra launches mobile environment monitoring system
Reliance Infrastructure (RInfra) launched a mobile environmental monitoring system at the140-km stretch of Pune-Satara corridor. Shrimat Chhatrapati Udyan Raje Bhonsale, MP, flagged off the mobile van at Annawadi Toll Plaza.
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NHAI has shifted 100% risk to developer: Experts
With shift from the erstwhile revenue-sharing model to fixed premium model under NVGF, NHAI has managed to reduce its own risk. Four of the best road sector experts explain how NVGF works and why it reflects increased competition.
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Negative VGF: A new angle in confidence?
Roads Minister CP Joshi recently remarked that the success of NVGF bids reaffirms the confidence of developers in the efforts taken by the government in the highways sector, and that investors see prospects in the road sector.
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R-Infra to buy stranded road projects
Reliance Infrastructure (R-Infra) is planning to buy out licences to build road projects from companies which had bagged these through the bidding route but are then unable to proceed.
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Widening of NH 7 into six-lane begins
National Highways AuthÂority of India (NHAI) has awaÂrded to Reliance Infrastructure a contract to widen the existing four-lane National Highway No. 7 from Bangalore to Krishnagiri (chainage 33.130 to 93.0) into a six-lane road.