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

Last Updated: Saturday, August 29, 2015, 10:41

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.

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

Last Updated: Wednesday, May 13, 2015, 13:17

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

Last Updated: Wednesday, April 22, 2015, 23:11

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.

CCEA approves highway projects worth Rs 9,500 crore

Last Updated: Tuesday, April 7, 2015, 21:45

The government Tuesday approved three highway projects worth Rs 9,500 crore in Tamil Nadu and Uttar Pradesh, including those connecting Varanasi -- the Lok Sabha constituency of Prime Minister Narendra Modi.

Highway projects to pick up in Q1 of the next fiscal: ICRA

Last Updated: Monday, February 23, 2015, 21:29

Efforts to fast-track clearances in the highways sector will yield positive results beginning the first quarter of 2015-16, rating agency ICRA said Monday.

CCEA gives nod to highway projects worth Rs 8,600 cr

Last Updated: Thursday, February 19, 2015, 23:04

The government Thursday approved over Rs 8,600 crore of highway projects in Uttar Pradesh, Odisha and Chhattisgarh.

Gadkari alleges cartelisation by cement companies; mulls NHAI revamp

Last Updated: Wednesday, February 18, 2015, 16:16

Slamming the cement industry for indulging in "cartelisation", Union Minister Nitin Gadkari on Wednesday said it is pushing up costs for roads and highway projects even as he promised a number of steps including revamp of NHAI to help the sector.

Ranga panel on NH premium divided on interest issue

Last Updated: Tuesday, January 7, 2014, 21:03

A panel, headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan, was tasked with formulating the guidelines for restructuring the premium of stressed highway projects.

Govt approves Rs 2,130 cr road projects in Assam under SARDP

Last Updated: Friday, September 20, 2013, 14:43

The government on Friday approved three important highway projects in Assam entailing Rs 2,130 crore expenditure.

Govt approves Rs 4,620 cr road projects, including 3 in Assam

Last Updated: Tuesday, April 2, 2013, 21:08

The government on Tuesday approved road projects worth Rs 4,620 crore in Assam and Madhya Pradesh for the widening of National Highways.

Work on $100 bn Delhi-Mumbai industrial corridor reviewed

Last Updated: Wednesday, July 4, 2012, 21:09

A parliamentary panel Wednesday reviewed the progress on the Delhi-Mumbai Industrial Corridor (DMIC) that is to be developed at an estimated investment of over USD 100 billion.

Govt seeks facts from NHAI on World Bank report

Last Updated: Tuesday, April 3, 2012, 20:28

With the World Bank reportedly listing questionable practices in highway projects in UP and Bihar funded by it, Road Transport Minister C P Joshi on Tuesday said government has no connection "with corruption" and has asked for facts from the NHAI.