Tag Archives: infrastructure

The total length of the two highways is 34 kilometers and have been constructed at a cost of around Rs. 1572 crore. An official release said, the 16.55 kilometer Varanasi Ring Road Phase-I has been completed at a cost of over Rs. 759 crore, while  17.25 kilometer  Babatpur-Varanasi road was constructed ... Read More »

Maruti Infrastructure has been awarded the tender for construction of 973 EWS Residential including internal infrastructure & development work as approved by Standing Committee, Ahmedabad Municipal Corporation, Ahmedabad, Gujarat. The tender project cost is Rs 45.68 crore. Maruti Infrastructure is presently engaged in the business of construction and estate development ... Read More »

Sadbhav Infrastructure Project has reported results for second quarter ended September 30, 2018. The company has reported a fall of 5.20% in its net profit at Rs 23.32 crore for the quarter under review as compared to Rs 24.60 crore for the same quarter in the previous year. Total income ... Read More »

GMR Infrastructure’s indirect subsidiary — GMR Hyderabad International Airport (GHIAL) has entered into a definitive Share Purchase Agreement for acquiring the entire equity and preference shares held by Menzies Aviation Cargo (Hyderabad), Mauritius in Hyderabad Menzies Air Cargo (HMACPL) at a total consideration of Rs 59.75 crore. Post-acquisition of the ... Read More »

Sadbhav Infrastructure Project’s wholly owned subsidiary — Sadbhav Bhimasar Bhuj Highway (SBBHPL) has submitted draft financing documents to National Highways Authority of India (NHAI) in relation to Financial Close within the timelines stipulated in accordance with the Concession Agreement dated May 23, 2018. The company has submitted the same for ... Read More »

Container Corporation of India (CONCOR) and Kribhco Infrastructure (KRIL) have entered into an agreement, wherein CONCOR will operate & manage the Bonded Area at KRIL’s Terminal at Modinagar in the state of Uttar Pradesh, for handling of EXIM traffic. This will help to promote and meet the growing needs of ... Read More »

IRB Infrastructure Developers’ Wholly-owned Subsidiary (SPV) — VK1 Expressway has achieved financial closure for the project of construction of eight lane Vadodara Kim Expressway from Km 355.00 to Km 378.740 (Padra to Vadodara section of Vadodara Mumbai Expressway) in the State of Gujarat under NHDP phase -VI on Hybrid Annuity ... Read More »

GMR Infrastructure’s subsidiary — GMR Hyderabad International Airport (GHIAL) has launched South India’s first Airport Radio under its signature ‘#PassengerIsPrime’ programme at Rajiv Gandhi International Airport in Hyderabad in the state of Telangana. The airport handles over 55,000 passengers on a daily basis. Mirchi Airport Radio is a 24×7 custom-produced, ... Read More »

Reliance Industrial Infrastructure (RIIL) has reported results for second quarter ended September 30, 2018. The company has reported 21.93% fall in its net profit at Rs 2.10 crore for the quarter under review as compared to Rs 2.69 crore for the same quarter in the previous year. However, total income ... Read More »

GMR Infrastructure’s subsidiary — Kakinada SEZ has reportedly signed a memorandum of understanding (MoU) with the Andhra Pradesh Gas Development Corporation (APGDC). The company has signed a MoU to get access to piped natural gas for its upcoming 10,500-acre Kakinada Special Investment Region. GMR Infrastructure is engaged in generation of ... Read More »

Sadbhav Infrastructure Project’s subsidiary — Nagpur Seoni Express Way (NSEL) has won an arbitration award against NHAI of Rs 61.25 crore (including interest upto the date of award of Rs 18.64 crore). From the date of award till final payment, NSEL shall receive interest at the rate of 12% p.a. ... Read More »

Sadbhav Infrastructure Project’s collection of toll revenue from its 10 operational Special Purpose Vehicles (SPVs) has increased by around 12.5% to Rs 268.55 crore in Q2FY19 from Rs 238.63 crore in Q2FY18. The company’s toll revenue from its Ahmedabad Ring Road Infrastructure (ARRIL) in Q2FY19 has increased by around 10% ... Read More »

MEP Infrastructure Developers’ Subsidiary — MEP SANJOSE Talaja Mahuva Road — has achieved the Milestone-1 for the project of Four Laning of Talaja- Mahuva Section of NH – 8E from Km. 53.585 to Km. 100.100 (design chainage from Km. 54.990 to Km.100.450) (Package – II) in the state of Gujarat ... Read More »

GMR Infrastructure (GIL) has received the consent award from the arbitral tribunal based on the settlement agreement signed by it with private equity investor’s namely SBI Macquarie, Standard Chartered Private Equity, JM Financial Old Lane and others (Investors), which had invested an amount of Rs 14.78 billion in the form ... Read More »

GMR Infrastructure is currently trading at Rs. 16.25, up by 0.25 points or 1.56% from its previous closing of Rs. 16.00 on the BSE. The scrip opened at Rs. 16.00 and has touched a high and low of Rs. 16.30 and Rs. 16.00 respectively. The BSE group ‘A’ stock of ... Read More »

MEP Infrastructure Developers’ subsidiary — MEP SANJOSE Talaja Mahuva Road has achieved the milestone one for the project of four laning of Talaja- Mahuva Section of NH – 8E from Km. 53.585 to Km. 100.100 (design chainage from Km. 54.990 to Km.100.450) (Package – II) in the state of Gujarat ... Read More »

The review meeting was attended by top officials from  infrastructure-related Ministries, NITI Aayog, and PMO. The average road length constructed per day in Financial  Year 2017-18 was 26.93 km, as compared to 11.67 km in Financial Year 2013-14. In the railways sector, there has been significant addition in capacity and rolling ... Read More »

In line with his hands on approach for the country’s development..Prime Minister Narendra Modi reviewed progress of key infrastructure sectors of roads, Pradhan Mantri Gramin Sadak Yojana, rural housing, urban housing, railways, airports and ports ..The meeting was attended by top officials from infrastructure-related ministries, NITI Aayog and PMO and ... Read More »

Addressing the BRICS Outreach Session in Johannesburg, Prime Minister  Modi called for more investment in the digital infrastructure and skill development in the area of digitisation. “Today we are once again at the historic turning point. Thanks to digital revolution, new opportunities are emerging for us and that is the ... Read More »

He also inaugurated a water supply project for Ajmer under the Amrut Mission and the integrated infrastructure package for walled city of Udaipur. This includes drinking water supply, sewarage and road network and underground electrification of Udaipur. It will cost Rs 537 crore. The upgradation of STPs in Dholpur, Nagaur, ... Read More »