News

Government Allows All Types Of Steel For Highway Construction Due To Rising Steel Prices

The move by the government is seen as a step to ensure cost reduction in building of highways using steel. Union Government announced “All steel to be allowed to be used for highway construction whether produced from ore, billets, pellets or melting of scrap - would...

NHAI Floats Tender For Amritsar Bypass

The National Highways Authority of India (NHAI) has invited bids for four-laning of Amritsar Bypass in the state of Punjab. The scope of work includes four-laning of Amritsar Bypass (greenfield alignment) from new Tarn Taran Road to Ajnala Road from design 0.750 km...

KNR Constructions Bags Order

KNR Constructions has received an order of Rs 603.63 crore, including GST for upgrading Cheyyur-Vandavasi Polur Road in Tamil Nadu. The scope of work involves upgrading (SH-115) from 1.620 km to 42.66 km, 44.505 km to 47.367 km, 52.700 km to 78.295 km, 80.562 km to...

Centre Gives Nod For NH Projects

The Centre, under the Annual Plan, has given clearance for new national highway projects worth Rs 5,801 crore for Maharashtra. The plan for national highways in Maharashtra was approved for Rs 2,727 crore, but it has been enhanced to Rs 5,801 crore, which will improve...

Oaktree Capital Management Infuses Rs 425 Cr

Oaktree Capital Management, a global alternative investment management firm, has invested Rs 425 crore in 25 South, a prime sea-facing luxury residential development spread over 5.3 acre in Prabhadevi, Mumbai. The project is owned by the Hubtown Group and...

AM/NS India Signs Deal With POSCO Maharashtra Steel

Steel maker ArcelorMittal Nippon Steel India (AM/NS India) has inked a pact with POSCO Maharashtra Steel, under which the former will supply hot rolled coils (HRC) worth Rs 5,000 crore in 2021. AM/NS India is a 50:50 joint venture between Luxembourg-based...

RLDA To Redevelop Cuttack Railway Station

The Rail Land Development Authority (RLDA) has started the process to redevelop Cuttack railway station in Odisha on PPP model. The objective of the redevelopment is to upgrade the station in line with modern-day requirements by providing state-of-the-art passenger...

L&T Emerges L1 Bidder

Larsen & Toubro (L&T) has emerged as the lowest (L1) bidder to construct the 7.945 km elevated Package C4-ECV-02 from Porur Junction to Poonamallee Bypass of Chennai Metro’s new 26.09 km Line-4. Chennai Metro Rail (CMRL) had invited tenders for Package C4...