Asset reconstruction companies (ARCs) will witness their cumulative recovery rate for stressed road projects rise 700-1,000 basis points (bps) this fiscal after doubling to 50-55 per cent last fiscal, the CRISIL Ratings said in its report.
Mumbai (Maharashtra) [India], November 25: Dhruv Consultancy Services Ltd. (BSE - 541302: NSE - DHRUV), one of the leading infrastructure consultancy companies in India, is pleased to announce that it has received approval for a Variation Proposal to provide consultancy services for a series
Mumbai (Maharashtra) [India], November 23: AVP Infracon Limited (NSE -AVPINFRA), one of the leading infrastructure development companies, has successfully secured a prestigious sub-contract valued at Rs 33.19 Cr. The sub-contract was awarded by M/S. CDR & Co Constructions is the principa
Union Minister for Road Transport and Highways, Nitin Gadkari reviewed the status of ongoing National Highway projects and upcoming projects in Assam under NHIDCL and NHAI at Vanijya Bhawan here on Tuesday, a press release said.
India's road awarding projects are set to gain strong momentum in FY25, with a significant increase expected in the number of projects being awarded, highlighted a report by Axis Securities.
Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday thanked Prime Minister Narendra Modi for the Cabinet approval of revised cost estimates of the Polavaram Project and also support for the capital Amaravati.
With the formation of the new government at the centre, road construction project awards, have picked up, according to a research report by Nuvama. The award for road projects was halted during the first quarter of FY25 because of the imposition of election model code of conduct.
Bengaluru (Karnataka) [India], September 2: Crompton Greaves Consumer Electricals Ltd., a pioneer in innovative lighting solutions, has completed a landmark LED street lighting project on Bengaluru's Satellite Town Ring Road (STRR) in partnership with SNC (Shankaranarayana Construction Pvt.
Punjab Chief Minister Bhagwant Mann on Tuesday replied to Union Transport Minister Nitin Gadkari's letter over alleged attacks on engineers and contractors in Jalandhar and Ludhiana and said that the local police have arrested the accused in both cases.
Reacting to this, Punjab Inspector General of Police, Sukhchain Singh Gill said that the case is under CM review and they have constituted an SIT on it and FIR has been registered.
The decision to cut hills at 90 degrees for road construction was the primary reason for landslide at the Shiradi Ghat, said Karnataka Chief Minister Siddaramaiah on Saturday.
The government is conducting a pilot study on two national highways for toll collection through a Global Navigation Satellite System (GNSS), Union Minister Nitin Gadkari said in a written reply in the Rajya Sabha on Wednesday.