Road Sector

Ban on road rallies: SC remits back to Andhra HC state govt's plea

At the outset of a brief hearing, Vaidyanathan referred to the sequence of events in the high court and highlighted the procedural infirmities

Road and highways sector has maximum number of delayed projects: Report

The road transport and highways sector has the maximum number of delayed projects at 248, followed by railways at 116 and petroleum sector at 88, showed a government report. In the road transport and highways sector, 248 projects are delayed with respect to their original schedule out of the 831 monitored, as per the latest flash report on infrastructure projects for August 2022. Similarly in railways, out of 173 monitored projects, 116 are delayed, while for petroleum, 88 out of 139 projects are delayed. The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above, based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies. The IPMD comes under the Ministry of Statistics and Programme Implementation. The report showed that the Muneerabad-Mahaboobnagar rail project is the most delayed project. It is delayed by 276 months. The sec

What is the 'Letter of Comfort' banned by the Reserve Bank of India?

The ban imposed by the RBI may impact loans worth Rs 35,000 crore, impacting power, healthcare, engineering & construction, and road sectors the most

Housing, roads among biggest capex gainers in FY22, PMAY urban lags

FM Sitharaman had allocated Rs 48,000 cr to PMAY (urban and rural) for FY23. The govt then extended the deadline for the rural by two more years, and may have to do the same for urban

The long road to safety

Car-makers' airbag objections are disingenuous

BJP MP calls Gadkari 'Spiderman' for building web of roads across country

BJP MP Tapir Gao on Monday praised Union Minister Nitin Gadkari, calling him a 'Spiderman', and said he has built a web of roads across the country.

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

Roads: Robust awarding to keep revenue in fast lane, says CRISIL analysis

CRISIL expects revenue of road EPC players to grow 10-12 per cent and margin to remain range bound at 13.5-14 per cent

Asset monetisation to gather pace in road sector, says Crisil

The rating agency said the asset monetisation potential is supported by healthy investor interest either through investment at asset level, or infrastructure investment trusts (InvITs).

Kotak fund acquires 74% stake in HKR Roadways for Rs 715 crore

HKR is a special purpose vehicle (SPV), owned by a consortium led by the Gayatri Group

Govt to keep impetus on road segments for tendering in near term: Ind-Ra

The Central government is expected to keep impetus on roads, irrigation and water works segments for tendering in near term, said India Ratings and Research.

India holds world record for fastest road construction: Nitin Gadkari

With the construction of a 2.5 km 4-lane concrete road and a 1-lane 25-km bitumen Solapur-Bijapur road within 24 hrs, India has made three world records, Gadkari said

Need to increase capital outlay in road sector by at least 15%: Icra

Rating agency ICRA on Wednesday said there is a need to increase capital outlay in the road sector by at least 15 per cent besides expediting asset monetisation programme.

ICRA maintains stable outlook for road sector amid improved toll collection

Toll collections witnessed a marked improvement on the back of increased movement of both passenger and commercial vehicles

Toll collection likely to grow 15% in 2021-22: Ratings agency Icra

Icra maintained stable outlook for the Indian road sector

Sell unsold units at 'no-profit-no-loss' to boost liquidity: Nitin Gadkari

The outbreak of coronavirus disease has impacted the real estate sector, which was already reeling from the demand slowdown, the road, transport and highways minister said

Lockdown 2.0: Our targets for project award won't decline, says Gadkari

In an interview to Megha Manchanda, Union Road Transport and Highways Minister Nitin Gadkari says he is optimistic about the sector meeting its project execution target in a time-bound manner

As road sector gears up to resume work, uncertainty looms over compensation

As work came to a halt, mobilised equipment remain stranded with idling costs rising

Stable-to-negative: Ind-Ra revises outlook for road sector for FY20

The weakening of financing sentiment and a sharp rise in land acquisition costs exert pressure on the central budget and could compel the government to rethink the bidding model, Ind-Ra said

Road sector M&A momentum may continue in 2017

18 assets totalling 1,888 km and a with combined cost of Rs 30,457 cr are currently on the block