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Infrastructure

Vijay Nirman Company (VNC), an associate company of Kridhan Infrastructure Limited (KIL) has secured an order worth Rs.180 crore. Company has bagged the order for structural work for connectivity to Visakhapatnam Port Road in Andhra Pradesh to be completed within 15 months. KIL holds around 41 percent stake in VNC, and thus VNC operates as […]

PNC Infratech has been declared as the lowest bidder for Nagpur-Mumbai Expressway project entailing an investment worth Rs.2099.52 crore. Project commands a length of 54.40 K.M.and is the 4th package of Nagpur-Mumbai Six Lane Access Controlled Super Communication Expressway (Maharashtra Samruddhi Mahamarg) on engineering procurement construction (EPC) model. Maharashtra State Road Development Corporation (MSRDC) is […]

National Highways Authority of India (NHAI) is planning to develop Varanasi Ring Road Project (Phase-II under Package-I and Package-II) in the state of Uttar Pradesh under NHDP (Phase-VII). Under Package-I, the project envisages development of four-lane NH-56 bypass connecting NH-2 (Rakhauna village from 782.546 km of NH-2) with NH-56 (Vajidpur village from 271.300 km of […]

Tata group has recently won part of the Trans harbour bridge project in Mumbai and the part of the funds and has ambitious plans for infrastructure sector. Tata Sons, the holding company of the Tata group, is raising $1.5 billion from the international markets to invest in group’s infrastructure projects and pay off loans of […]

National Bank for Agriculture and Rural Development’s (Nabard) has recently sanctioned ?136.57 crore as assistance to the Karnataka government under the Warehouse Infrastructure Fund. With the funds the state will build 103 warehouses and 163 covered auction platforms at 135 Agricultural Produce Market Committees (APMCs) across 28 districts, Chief General Manager, MI Ganagi, said adding […]

Infrastructure major, Hindustan Construction Company Ltd. (HCC), in the joint venture with MAX Group, a leading construction company in Bangladesh has been awarded US$ 110 million contract by Russia’s State Nuclear Company, JSC Atomstroyexport, for civil works of Turbine Island for Unit 1 of Rooppur Nuclear Power Plant. HCC’s share in the JV is 40% […]

Asian Development Bank (ADB) will provide a loan of USD 375 million loan for Kundalia irrigation project to improve irrigation in Madhya Pradesh. Project will expand irrigation networks and system efficiency. Total cost of the project is USD 535.1 million, of which USD 160.71 million will be provided by the government. It is estimated to […]

Ministry of Road Transport and Highways is all set to announce incentive for successful contractors in the North-East, as apart from getting additional opportunity to grab projects in the plains, they will also get 40-50% bid enhancement facility in rest of the country. This has been aimed at resolving the issue of shortage of contractors […]

Central government and the World Bank have signed USD 500 million loan agreement to provide additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) Rural Roads Project. Project envisages to build 7,000 km of climate resilient roads, out of which 3,500 km will be constructed using green technologies. PMGSY, over the years, has brought […]

Adding to its project portfolio, PNC Infratech has been declared the L1 (lowest) bidder for a NHAI Project of 55.7 km long four laning of Challakere to Hariyur section of NH 150 A, from 358.50 km to 414.205 km in Karnataka under Bharatmala Pariyojna. Road project in question, which is to be executed on Hybrid […]