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India clears path for big funds to bid directly for road projects
India has opened the door for pension and sovereign wealth funds to directly bid on greenfield toll-road projects, aiming to boost private investment in infrastructure. This move relaxes eligibility norms for build-operate-transfer projects, allowing institutional investors to leverage their financial strength while partnering for construction expertise. The government seeks to significantly increase the share of BOT projects in highway awards.
PNC Infratech share price jumps 14% after receipt of two highway projects
PNC Infratech share price gained 20% in one month, but fell 11% on a year-to-date (YTD) basis. The smallcap stock has declined 20% in one year, and has dropped 48% over the past two years.
PNC Infratech share price jumps 14% after receipt of two highway projects - Mint
PNC Infratech share price jumps 14% after receipt of two highway projectsMint
PNC Infratech emerges L1 bidder for ₹3,483-crore NHAI highway projects in Uttar Pradesh
Each project has an execution timeline of 24 months. Shares of PNC Infratech Ltd ended at ₹208.50, up by ₹6.35, or 3.14%, on the BSE today, April 21.
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.
Ceigall India gains as JV emerges L1 bidder for highway project in AP
Ceigall India rose 1.51% to Rs 282.35 after the firm said that its joint venture (JV) with Sushee Infra & Mining (SIML) has emerged as lowest bidder (L1) for a road construction project in Arunachal Pradesh (AP).
New rules classify highway project failures as catastrophic; to affect contractor ratings & future contracts
New rules define catastrophic failures in highway projects. These failures will impact contractor ratings and future contract awards. Incidents like bridge collapses or pavement failures requiring full replacement are now classified as catastrophic. Implementation agencies must report such events promptly. The National Highways Authority of India has awarded a major ring road project in Odisha to three concessionaires for development.
H.G. Infra Engineering bags LOA from NHAI for Odisha road project
H.G. Infra Engineering (HGINFRA) has received a Letter of Award from the National Highways Authority of India for a major highway project in Odisha.