Road execution to grow 5-8% in FY25: ICRA
The pace of execution in this fiscal will be supported by a healthy pipeline of projects, increased capital outlay by the government and focus on projects completion by the Ministry of Highways.
road projects
April 2024
June 2023
January 2023
December 2022
October 2022
July 2022
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
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
