Road Infrastructure

Road developers' debt to spike, revenue growth to remain high: Report

Sizeable equity commitments in under-construction projects and rising working capital needs will increase the debt burden of road developers but revenue growth is set to remain high, driven by strong contract awards and execution in the next fiscal, according to a report. Besides, a high budgetary allocation to the sector will also help road developers, it added. With the prevailing low leverage levels, developers have the headroom to borrow more to fund new projects, which will keep their credit risk profiles stable, said a Crisil report, which also notes that asset monetisation will be crucial to rein in debt. The report is based on the analysis of 18 engineering, procurement and construction (EPC) players, constituting 70 per cent of the sectoral revenue. According to Mohit Makhija, a senior director at the agency, total equity commitment towards the under-construction public-private partnership (PPP) projects is estimated at over Rs 21,000 crore by fiscal 2025. The working cap

Delhi govt approves infra projects worth Rs 11.28 cr for repair of roads

Sisodia also directed the officials to follow the global standards of street design and also ensure compliance with all safety and security standards during the maintenance work of roads

Delhi govt approves projects worth Rs 12 cr to strengthen road infra

Sisodia has directed the concerned officials to complete the work in the stipulated time and ensure that no inconvenience is caused to the public when the work is in progress

Time to press accelerator with higher infra spend, inviting global capital

It's a different equation that markets where the money went to, did not perform and one saw FII money flowing into India once again in the fourth quarter of 2022

Order rebound could lead to uptick for road infrastructure players

NHAI has front loaded awards because there was a large number of awards in April 2022

CAIT seeks govt's intervention in Delhi's poor road infra, requests audit

Seeking the intervention of Union road transport and highways minister Nitin Gadkari him to order a road audit of Delhi.

Highway construction pace in Oct falls 20% YoY in another month of decline

Dip in October has severely dented prospects of road ministry meeting its target of constructing 12,000-14,000 km of highways in 2022-23

Centre will make UP's road infrastructure equivalent to USA, says Gadkari

Union Road Transport and Highways Minister Nitin Gadkari on Saturday said that before the end of 2024, the centre would make the road infrastructure of Uttar Pradesh equivalent to that of the USA

Top headlines: SpiceJet scouting for funds; markets may fund road projects

Road Transport Minister Nitin Gadkari on Tuesday said the government will approach the capital market next month to raise funds for four road projects

Govt to approach capital mkt next month to raise funds for 4 road projects

The money will be raised through Infrastructure Investment Trusts, and there will be an investment limit of Rs 10 lakh for retail investors, says Road Transport Minister Nitin Gadkari

Gadkari seeks environment ministry's approval to build wider hill roads

Accidents can be avoided in Kashmir, Himachal Pradesh, Uttarakhand, says union minister

How delays in public projects could impact govt's fundraise plans via NMP

Time and cost overruns could impact private sector participation in the ambitious National Monetisation Pipeline programme

Govt sanctions four national highway projects worth Rs 4,500 crore

The projects announced by Union Minister Nitin Gadkari pertain to the construction, widening, and upgrade of national highways in Assam, Telangana, Karnataka, and Andhra Pradesh

Top headlines: Ukraine fears lift oil to 7-yr high; Swiggy eyes $800-mn IPO

Business Standard brings you the top headlines on Tuesday

Union Budget 2022: Roads get lion's share of allocation in FY23

Investments in NHAI were more than doubled to Rs 1.34 trillion, against Rs 65,060 crore in the revised estimate for FY22

Economic Survey: Road network increased substantially in current FY

The road network in the country has increased substantially in the current fiscal compared to previous years, the Economic Survey 2021-22 said.

No doubt about economic viability of road projects: Nitin Gadkari

Union Minister Nitin Gadkari on Friday called upon investors to take up road projects as they offer "very high" internal rate of return, ensuring their economic viability. Assuring investors that their investments are safe, the road transport and highways minister said the possibility of any project getting stalled is nil now. "The internal rate of return in the road sector is very high and so there is no need to worry about their economic viability," Gadkari said while addressing a national conference on investment opportunities in highways, transport and logistics. Recalling his stint as the Public Works Department (PWD) minister in the first Shiv Sena-BJP government in Maharashtra in the early 1990s, he said even in those days money was never a problem to fund infrastructure as he could successfully raise funds and build the Mumbai-Pune Expressway with public money, which then went on to become a model for infrastructure financing. "When Reliance submitted the tender for the ...

Gadkari invites US pension, insurance funds to invest in India's road infra

Union Road Transport and Highways Minister Nitin Gadkari has invited US investors, particularly insurance and pension funds, to invest in the country's road and highway infrastructure

Monetisation drive: Holdco for infra assets divides policymakers

A similar proposal is being considered for other infrastructure assets with other government departments

South Africa has world's most dangerous roads; India in fourth place: Study

South Africa has been ranked as the world's most dangerous country to drive in while India came in at fourth place, according to a research study by international driver education company Zutobi