Adani Enterprises terminates deal to buy road projects worth ₹3,110 cr
Gautam Adani-led conglomerate last year signed a deal to acquire a 100% stake in Swarna Tollway Pvt Ltd and 56.8% Gujarat Road and Infrastructure Company Ltd
road projects
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Highway ministry asset monetisation peaks at ₹61,000 cr in 2 years
The govt hopes to raise an additional ₹9,600 crore by March this year
Only 4,766 km NH built so far in FY23 vs 12,200 km target
Nitin Gadkari says 719 NH projects are running behind schedule due to protracted monsoon and other factors like average rain in some states, Covid-19, and an increase in raw material prices.
NHAI InvIT surges 7% on raising ₹1,430 cr via institutional placement
As part of the institutional placement, Canada Pension Plan Investment Board has proposed to make an additional investment of ₹357 crore in NHAI InvIT.
Shrem InvIT gets CCI nod to acquire DBL’s 10 road projects
Acquisition entails issue of certain units of Shrem InvIT to Dilip Buildcon and associates as consideration for acquisition, says CCI
