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More relief steps may be on the way for highway contractors as West Asia war drags
The road transport ministry is considering additional relief for highway contractors as West Asia tensions drive up input costs and disrupt supply chains. Proposed measures include price compensation, timeline extensions and improved cash flow support, after industry bodies flagged that earlier interim relief fell short of addressing mounting financial stress.
Highway Infra gains on bagging Rs 15-cr construction order from Sacham Highway Real Estates
Highway Infrastructure rose 1.62% after it has secured a work order worth approximately Rs 14.60 crore from Sacham Highway Real Estates for construction and development work in Indore.
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).
Raajmarg Infra InvIT IPO to open March 11; anchor portion domestically
State-owned National Highways Authority of India-sponsored Raajmarg Infra Investment Trust (RIIT) on Monday said the anchor portion of its upcoming IPO will be allocated to only domestic investors. The anchor book will open for subscription on March 10. "We are in advanced discussions with anchor investors regarding the investment. The anchor portion will be allocated to domestic investors," NHAI Chairman Sathosh Kumar Yadav told reporters here ahead of its Rs 6,000-crore initial public offering. Of the issue size, over Rs 1,700 crore will be allocated to anchor investors. Raajmarg Infra Investment Trust's maiden public offering will open on March 11 and close on March 13. This will be the first time, NHAI is opening its asset monetisation programme to retail investors. The InvIT's IPO price has been fixed between Rs 99 and Rs 100 per unit. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public I
Bharat Forge shares gain 3% after 159% surge in North American Class 8 truck orders
As per the February North America Class-8 truck data, the on-highway market made up for the bulk of the increase – both on-highway and vocational markets contributed significantly to the monthly and annual growth in orders, keeping stocks like Bharat Forge in focus.
NHAI-backed Raajmarg Infra Investment Trust's IPO to open on Mar 11
State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) is gearing up to launch its Rs 6,000 crore Initial Public Offering (IPO). The InvIT's maiden public offering will open on March 11 and conclude on March 13, while the bidding for anchor investors will take place on March 10, according to a public announcement on Monday. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public InvIT aims to unlock the monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors. As per the Red Herring Prospectus (RHP), Raajmarg Infra Investment Trust's IPO issue size aggregates up to Rs 6,000 crore. This was an increase from Rs 5,700 crore planned at the time of filing draft papers in January. Earlier, NHAI had incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment mana
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.
Highway Infrastructure wins ₹16 crore NHAI contract for Katiyara fee plaza in Bihar
Shares of Highway Infrastructure Ltd ended at ₹55.55, down by ₹1.29, or 2.27%, on the BSE.