L&T wins Rs 2,125-crore contracts

L&T wins Rs 2,125-crore contracts

Infrastructure major Larsen & Toubro (L&T) has won contracts worth Rs 2,125 crore, including a major highway project in Karnataka.

Sensex sinks 371 points to slip below 25,000 level

Sensex sinks 371 points to slip below 25,000 level

In its biggest fall in five weeks, Sensex plummeted over 371 points to slip below the 25,000-mark as investors booked profits in recent out-performers ahead of derivatives settlement and the closing of 2015-16 financial year on Thursday

A big hand to this mass-pledge taken against bribery

A big hand to this mass-pledge taken against bribery

The staff, contractors, consultants and all other stakeholders associated with the infrastructure authority publicly pledged not to take or give any inducement or obligation from each other.

New Year gift for Delhi-NCR, NH-24 to be widened to 14 lanes

New Year gift for Delhi-NCR, NH-24 to be widened to 14 lanes

The work to widen the Hapur stretch of NH-24 into 14 lanes is likely to commence from next month.

Ashoka Buildcon bags Rs 277 crore project from NHAI

Ashoka Buildcon bags Rs 277 crore project from NHAI

 Infrastructure firm Ashoka Buildcon today said it has bagged a Rs 277-crore road project from National Highways Authority of India (NHAI).

'Lenders may reject NHAI fund to revive Rs 450 billion road projects'

'Lenders may reject NHAI fund to revive Rs 450 billion road projects'

 Government intervention of one time funding to revive languishing highway projects will be beneficial for about 50 projects worth Rs 450 billion but lenders may be hesitant for such assistance, India Ratings and Research (Ind-Ra) said today.

New road revival scheme unlikely to cut ice with banks, firms

New road revival scheme unlikely to cut ice with banks, firms

Developers and lenders to languishing national highway projects, for which the government has announced financial assistance, may not accept the proposal on the claim of the National Highway Authority (NHAI) on toll receivables, says a report.

'Banks over-financed road projects, now crying foul'

'Banks over-financed road projects, now crying foul'

As the roads and highways sector grapples with a massive problem of funds going bad, the role of banks have come under scrutiny for "happily over-financing" a large number of projects without necessary due diligence and thus creating a 'scam-like' situation.

Soon, app to report over-speeding vehicles

Soon, app to report over-speeding vehicles

 Aiming to promote road safety and proper highway management, the National Highways Authority of India (NHAI) will introduce a mobile application integrated with a transport registration network in the coming months, an official said here.

Coming soon! New Expressway  from Delhi to Agra

Coming soon! New Expressway from Delhi to Agra

The new Delhi-Agra Expressway will be 200 kilometre long. The government will also build six new highways in the country.

Brookfield buys nine projects from Gammon Infra for Rs 6,750 crore

Gammon Infrastructure has sold stake in 9 projects valued at Rs 6,750 crore to Brookfield and Core Infra India Fund, a deal that will fetch Rs 563 crore as well as reduce its debt by Rs 1,718 crore.

Developers allowed to divest 100% equity in road projects

The government Wednesday allowed developers to divest 100 percent equity in projects two years after the completion of such schemes, a move that can unlock investments worth about Rs 4,500 crore in the sector.

Watch: 15 reports from 15 cities of India

15 reporters reporting from 15 cities of India only on Zee News.

Govt to develop 15,000 km of NH at Rs 1.9 lakh crore

To improve connectivity with far- flung areas including major tourism centres, the government plans to develop 15,000 km of National Highways (NH) at an estimated cost of Rs 1,90,000 crore.

IRB infra arm ties up Rs 1,400 cr for NHAI project

IRB Infrastructure Developers Ltd Tuesday said its subsidiary has tied up Rs 1,400 crore funds to execute a project awarded by National Highway Authority of India.

Centre aims to build 30 km NH every day: Nitin Gadkari

He said his ministry had already set a target to spend Rs 5 lakh crore in road infrastructure and Rs one lakh crore in inland water projects within five years.

IRB Infrastructure bags Rs 2,650-cr contract from NHAI

The cost of the project is estimated at Rs 2,650 crore with construction period of 910 days and the concession period for the same is 24 years.

NHAI invites applications from developers for fund infusion

The government last month allowed the National Highways Authority of India (NHAI) to provide funds to projects that are in advanced stages of completion but are stuck due to equity crunch.

Govt allows cos to exit road projects; NHAI to fund stalled ones

The government on Wednesday allowed developers to exit highway projects two years after they are completed, a move that will unlock investments worth Rs 4,500 crore and provide renewed thrust to the sector.

Government approves Rs 5,529-cr highway projects

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, gave approval for development of the eight-laning of Mukarba Chowk to Panipat section of National Highway 1 in Delhi and Haryana.