Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Union Cabinet approves six-lane Dwarka tunnel, Kanpur-Kabrai highway worth Rs 14,115 crore
The Union Cabinet has greenlit two significant highway projects totaling over Rs 14,000 crore. A six-lane tunnel will soon connect Dwarka Expressway to South Delhi, easing congestion and boosting urban mobility. Additionally, a new greenfield highway will link Kanpur and Kabrai in Uttar Pradesh, promising faster travel and improved logistics for regional economic growth.
Battery tech startup Exponent Energy raises ₹200 cr in Series B extension
Exponent Energy has raised ₹200 crore in a Series B extension co-led by 360 ONE and TDK Ventures to expand its EV fast-charging network, retrofit business, and highway infrastructure for commercial vehicles.
Stock Alert: Highway Infra, Innovision, RailTel Corp, Cupid Breweries, Le Travenues Tech
Securities in F&O Ban:
HG Infra wins ₹3,931-cr highway project from Welspun Enterprises in Maharashtra
The project involves the construction of a 6-lane (including partially elevated) highway corridor along with the improvement of the existing road, covering the Pune to Shirur section of NH-753F with a minimum design length of 53.40 km. Shares of HG Infra Engineering Ltd ended at ₹634.20, up by ₹8.60, or 1.37%, on the BSE today, May 11.
Road ministry raises construction timelines for NH projects to up to six years
These normative construction periods will be applicable for all national highway projects to be bid out either on engineering, procurement, construction (EPC) mode, hybrid annuity model (HAM) or build-operate-transfer (BOT) mode on or after May 6, 2026, the ministry of road transport and highways said in a circular issued on Monday.