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Higher performance guarantees from lower bids in highway projects: Road transport ministry
The government is tightening rules for highway project bids, demanding higher performance guarantees for offers exceeding 30% below original estimates. This move aims to prevent excessively low bids and protect the quality of national infrastructure. New guidelines, effective immediately, mandate E-Bank Guarantees for this additional security, explicitly rejecting surety bonds. This addresses a persistent trend of unusually low quoting in highway tenders.
Cabinet approves two highway projects for Rs 14,115 crore
The government has greenlit two major highway projects totaling Rs 14,115 crore. A 117.7 km access-controlled highway in Uttar Pradesh, designed for future expansion, will slash travel time between Kanpur and Kabrai by 58%. Additionally, an 8.1 km six-lane road tunnel in Delhi will significantly improve connectivity between West and South Delhi, minimizing disruption to the Southern Ridge Forest. These initiatives aim to boost infrastructure and facilitate efficient traffic flow.
Cabinet Approves Rs 14,115 Crore Highway Projects, Clears Rs 6,970 Crore Dwarka Tunnel In Delhi
The project will be developed under the Hybrid Annuity Mode (HAM) as part of the National Highways (Original) scheme.
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.
Road contractor stocks could gain as highway project awards gather pace: Equirus
Road construction stocks including NCC, KPIL, KEC International and Larsen & Toubro (L&T) could benefit from a revival in highway project awards, says Equirus' Vijay Agarwal, who expects around ₹1.5 lakh crore of road projects to be awarded this year.
Ashoka Buildcon bags highway project of USD 35.42 million in Guyana
Ashoka Buildcon bags $35.42 mln highway contract in Guyana
Ashoka Buildcon announced that it has received a letter of acceptance (LoA) for a four-lane highway construction project in Guyana.
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.
Manglam Group to invest Rs 350 crore in Sheraton hotel in Jaipur
Rajasthan's Manglam Group is investing Rs 350 crore to build a 220-key Sheraton Hotel on the Jaipur-Ajmer Highway, marking their third partnership with Marriott International. This project is part of a larger Rs 1,000 crore hospitality investment plan. The hotel aims to showcase Jaipur's culture and boost its global profile for tourism and business, leveraging its strategic location near key destinations and a major SEZ.
Texas Highway Plane Crash: One Dead, Several Injured As Jet Bursts Into Flames
A business jet crashed on a Texas highway, killing one person and injuring several others. The Cessna Citation Latitude burst into flames, prompting dramatic rescues by bystanders and an investigation into a possible mechanical failure.
Oriental Nagpur Betul Highway Pvt reports standalone net loss of Rs 165.44 crore in the March 2026 quarter
Sales rise 10.65% to Rs 112.33 crore
Centre approves Rs 1,359 crore four-laning of the Nagaur-Bikaner stretch of NH-62 in Rajasthan
The Centre has approved a Rs 1,359 crore project to four-lane the Nagaur-Bikaner stretch of National Highway-62 in Rajasthan. This development under the Build-Operate-Transfer model will significantly improve connectivity in western Rajasthan. The project is expected to boost economic activity, create new investment and employment opportunities, and accelerate industrial and tourism growth in the region.