Page 2 - Road Construction

Road-based logistics sector may see 7-9% revenue rise this fiscal: Report

The road-based logistics sector is expected to grow 7-9 per cent this fiscal on favourable demand but margins may be under pressure due to higher fuel cost, says a report. However, operators' debt coverage metrics are expected to marginally weaken in FY23 from FY22 levels. This will be largely due to the debt-funded vehicle replacement capex induced by the upcoming scrappage policy, along with the rising interest rate regime, rating agency Icra said in the report on Thursday. It has a stable outlook for the sector. The agency expects the aggregate operating profit margin to remain in the range of 12-14 per cent in FY23 compared to 14.2 per cent in FY22. Accelerated pace of business activities and lower lockdown-linked restrictions from H2 of FY22 have aided faster revenue recovery in FY22 and the growth momentum is likely to continue with an estimated 7-9 percent uptick in top line in FY23 year-on-year, the report said. The ability of the organised players to command pricing premi

ED attaches Rs 90-crore assets of road construction firm in bank fraud

The money laundering case stems from a March, 2019 CBI FIR registered against Ranchi Expressways Limited (a Madhucon Group company) and its directors.

PM Modi lays foundation for 11 infra projects worth Rs 31,500 cr in Chennai

He said that the focus on road construction in the state was clearly visible and that it was being done keeping in mind the economic development in the region.

'Infra cos should float own NBFCs to fund construction related projects'

Union Nitin Gadkari on Tuesday said infrastructure companies should also float their own non-banking financial companies (NBFCs) to fund road construction related projects.

MoRTH constructs 8,045 kms of highways during April-February '22

The Ministry of Road Transport and Highways (MoRTH) through its various implementing agencies has constructed 8,045 kms of highways up to February 2022 during the current financial year

Gadkari approves Rs 1,200 cr road upgradation project in Karnataka

Union Minister for National Highways and Road Transport, Nitin Gadkari, has approved a Rs 1200 crore project to upgrade the existing 2-lane Shiradi Ghat road into a 4-lane highway.

Analysts bullish on road, highway developers on infra push, cheap valuation

Analysts remain positive on the road/construction sector given healthy order books providing good revenue visibility, controlled working capital, value unlocking

BRO extends access to Zojila that links Ladakh with rest of India

The BRO has extended access of the formidable Zojila at an altitude of 11,649 feet, that links the union territory of Ladakh with the rest of the country and remaining open beyond December 31

Driving into 2022, road sector set for 'better' days with new projects

Weathering the pandemic-induced twists and turns, the sector will see more stretches of national highways, completion as well as awarding of multiple projects and fund raises in 2022

Revenue of road construction to grow by 15% in FY22: Crisil Ratings

Strong order execution will swell the revenue of road engineering, procurement and construction (EPC) companies by 15 per cent this fiscal, said Crisil Ratings.

Ensure coconut cracks, not the road: LS member on quality of roads in UP

Next time, ensure that the coconut cracks and not the road, remarked a member from Uttar Pradesh in the Lok Sabha on Tuesday while flagging concerns about the quality of roads.

Cabinet approves construction of over 32,000 km roads in far-flung areas

The Cabinet on Wednesday approved the construction of 32,152 km roads in far-flung areas of the country at a cost of Rs 33,822 crore. The cabinet also approved telecom connectivity in tribal areas by putting up telecom towers in 7,287 villages in five states of Andhra Pradesh, Chhattisgarh, Jharkhand, Maharashtra and Odisha. A total of 42 aspirational districts in these five states will get benefited by telecom connectivity, Union Minister Anurag Thakur said while briefing the media after the Cabinet meeting.

World's highest motorable road at 18,600 ft inaugurated in Ladakh

A strategically important road, which connects Leh to the Pangong Lake, was inaugurated here on Tuesday by Ladakh MP Jamyang Tsering Namgyal

My target is to achieve 100 km per day of highway construction: Gadkari

The pace of highway construction in the country touched a record 37 km per day in 2020-21.

Road construction faster than ever, says Union Minister Nitin Gadkari

The annual average construction of national highways has recorded an 83 per cent spike in what was recorded during 2009-2014, Gadkari shared on his Twitter timeline

NHAI debt reaches new high of Rs 3.2 trillion; toll revenue dips 4%

Borrowing up seven times in five years, growing at a CAGR of 47.6 per cent from Rs 45,300 crore at the end of March 2016

Infrastructure push will prop up EPC road contractors: CRISIL SME Tracker

As things stand, SMEs account for 35-45 per cent of the roads and highways sector overall

Road construction zooms nearly 60% in the first two months of FY22

1,470 km constructed in April-May, against 847 km previous year

Protests in Nepal against Chinese road construction firm after landslides

A Chinese firm -- China Railway Construction Corporation, responsible for road construction in Nepal's Sindhupalchawk has been witnessing people's fury over the landslides and damage to houses

UP's bid to keep expressway work in the fast lane amid Covid-19 crisis

Four expressway projects with an estimated outlay of Rs 80,000 crore are in different stages of development in the state