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Ashoka Buildcon bags $35.4 million highway project in Guyana
The order involves construction of a four-lane highway project worth GYD 7.46 billion (about $35.42 million). It marks Ashoka Buildcon's second order win in less than two weeks.
Ceigall India signs ₹603 crore NHAI concession agreement for Punjab highway project
Ceigall India had earlier informed exchanges that it had received the letter of acceptance for the project. The execution of the concession agreement marks the next step toward the commencement of construction activities.
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.
NHAI flags off asset monetisation for FY27
The National Highways Authority of India has started its asset monetisation drive for the current financial year. Bids were opened for two national highway stretches in Tamil Nadu. Epic Concesiones 2 Pvt Ltd emerged as the highest bidder for TOT-Bundle 19. NHAI aims to raise significant funds through asset monetisation in the coming years.
HC says toll collection against construction services provided to NHAI taxable
The Rajasthan High Court has ruled that toll collection rights are taxable. These rights are considered payment for highway construction services provided to the National Highways Authority of India. The court rejected arguments that toll collection is exempt from GST. This decision could impact public-private infrastructure projects. Tax authorities can now demand GST, interest, and penalties.
NH builders seek predefined input rates for projects under active bids
Road builders are asking the government to set fixed rates for bitumen and fuel. This is for highway projects currently up for bidding. They warn that current price differences could lead to unfair bidding and delay projects. The industry believes this will ensure transparent and fair competition. It aims to protect the financial health of these crucial infrastructure developments.
Ceigall India arm inks pact to monetise highway asset for Rs 177-cr
Ceigall India announced that its wholly owned subsidiary, Ceigall Infra Projects has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways (CMASH) to Neo Infra Income Opportunity Fund.
Delhi-NCR to get highway projects worth Rs 34,000 cr: Gadkari
Delhi-NCR is set to receive a major transport upgrade. Over ₹34,000 crore will be invested in new highway projects. These include expressways, ring roads, tunnels, and elevated corridors. The government aims to create a modern and future-ready transport network. This initiative will boost connectivity, reduce fuel use, and promote economic growth in the region.
Bengal government gives nod for handover of seven national highway stretches to NHAI, NHIDCL
West Bengal has given in-principle approval to transfer seven national highway stretches to central agencies. This move clears the way for long-pending infrastructure development works. The National Highways Authority of India and the National Highways and Infrastructure Development Corporation Ltd will now undertake these projects. These developments will significantly improve connectivity to neighbouring states and countries.
IRB Infra Trust offers to sell two BOT highway assets worth Rs 4,663 crore to IRB InvIT Fund
IRB Infrastructure Trust has offered two of its revenue-generating highway assets, valued at approximately Rs 4,663 crore, to IRB InvIT Fund. The non-binding offer includes the Solapur Yedeshi NH211 and Chittorgarh Gulabpura NH79 BOT Assets, totaling 1,144 Lane km. This move aims to fund future opportunities and enhance IRB InvIT Fund's asset portfolio.
Two infra stocks that may react on Tuesday after order wins worth over ₹11,000 crore
Shares of infrastructure companies Afcons Infrastructure and HG Infra Engineering will be in focus today, after both firms announced large project wins worth over ₹11,000 crore combined across international railway and domestic highway segments.
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.