Total order backlog of the engineering and construction firms was Rs.8.1 trillion at the end of FY18. Of the whole order backlog, almost 62 per cent was contributed by the construction companies, followed by 24 per cent of capital goods companies catering to the energy industry.
The establishment of the road regulator, as was announced in the 2013-14 Union Budget, might take place only after the elections. While many industry players want a regulator to be set up, what will the entity finally look like? Rahul Kamat takes a peek at the current trends.
Sadbhav Engineering has stated that step down subsidiary of the company Ahmedabad Ring Road Infrastructure (ARRIL), the Special Purpose Vehicle incorporated for undertaking of improvement and widening of then existing 2 Lane Sardar Patel Ring Road around Ahmedabad City to 4 lane carriageway, has received sanction of Rs 6,329.0 mn (FACILIY) including existing debt of Rs 3,799.0 mn towards securitisation of the project.
Sadbhav Engineering has been declared the successful bidder for four-laning of Rohtak to Hissar Section of NH-10 from km 87 to km 170. The National Highways Authority of India (Ministry of Road Transport and Highways) had invited the bid for the road widening project.
The road project is to be executed as BOT (toll) project on DBFOT pattern under NHDP Phase III in Haryana. The length of the road project is 98.810 Km).
For widening of an 80-km stretch of NH-210 in Tamil Nadu, Sadbhav Engineering on March 20 stated that it has bagged a Rs 382-crore order from NHAI. The company has been declared the successful bidder in respect of the bid invited by National Highways Authority of India (NHAI), the Ahmedabad-based firm said in a BSE filing.