Highways Financial News

NEW DELHI : Canadian pension fund CDPQ is in exclusive negotiations to acquire five operational road projects from Ashoka Concessions Ltd, a subsidiary of infrastructure company Ashoka Buildcon. The deal has potential equity and enterprise values of around $325 million and $700 million, respectively, two people aware of the talks said. On 12 December, The Economic Times reported that CDPQ (Caisse de dépôt et placement du Québec) and private-equity firm Actis Llp were in final discussions to acquire the BOT toll road assets of Ashoka Concessions.

New Delhi: The government plans to shift to a new method of calculating the length of highways to “better capture" the actual work on this key infrastructure, two persons aware of the plan said. The traditional linear method of calculating the length of highway, used now, will be junked in favour of measuring lane-kilometres. This would mean that a four-lane highway of 1 km each will be considered a four-km road.

₹19,600 crore at Chandikhole in Odisha's Jajpur district, and said the Bharatiya Janata Party (BJP)-led Centre was trying to complete projects ‘rapidly’. The new projects related to sectors such as oil and gas, railways, road transport, highways and atomic energy. During the event, PM Modi said the previous governments had never shown interest in the timely completion of projects, adding that those projects that remained stuck in the previous governments' time were completed under the tenure of the BJP-led Centre in the past 10 years.

Farmer leaders Sarwan Singh Pandher and Jagjit Singh Dallewal have issued a nationwide call for farmers to converge in Delhi on March 6 for protests. Additionally, they have announced a four-hour 'rail roko' agitation on March 10 to amplify their demands. Both leaders have vowed to intensify protests at existing sites until their demands are met. The Kisan Mazdoor Morcha (KMM) is spearheading the «Delhi Chalo» march, emphasizing the need for the government to guarantee MSP for agricultural produce. Pandher stressed the importance of farmers from distant states traveling to Delhi via trains and other means, particularly for those unable to access the capital with tractor trolleys.

Ujjaini Mahankali temple in Secunderabad, Telangana. Later, the Prime Minister will inaugurate and lay the foundation stone of development projects worth more than Rs 6,800 crores. These projects encompass multiple key sectors like road, rail, petroleum and natural gas. According to the Prime Minister's Office, the PM will inaugurate and lay the foundation stone for three National Highway projects.

₹5 and consists of a fresh issue of ₹617.69 crore and an offer for sale of up to 14.28 million equity shares by the promoter and promoter group selling shareholders and individual selling shareholder. The offer for sale consists of the sale of equity shares of up to 4.28 million by Ramneek Sehgal, up to 7.59 million equity shares by Ramneek Sehgal and Sons HUF, up to 5,030 equity shares by Avneet Luthra, up to 9.27 lakh equity shares by Mohinder Pal Singh Sehgal, up to 5.53 lakh equity shares by Parmjit Sehgal, up to 9.22 lakh equity shares by Simran Sehgal and up to 1,677 equity shares by Kanwaldeep Singh Luthra.

Sandeshkhali continues to boil even after the arrest of key-accused Shahjahan Sheikh, a Bharatiya Janata Party (BJP) delegation which was on its way to Sandeshkhali was stopped by security forces at North 24 Parganas' Minakhan on Monday. A BJP team consisting of 15 people, including state BJP's ST Morcha President Joyel Murmu, left for Sandeshkhali from Kolkata to talk to the tribal community in the conflict-ridden Sandeshkhali area. The police stopped them with a barricade on the Kolkata Basanti Highway near Malancha in Minakhan. Even after some talks with police personnel, the delegation was not allowed to move forward. Hence the BJP leaders started protesting by sitting on the Kolkata Basanti Highway.

Jair Bolsonaro, on June 15th. Hours later police announced that they had found human remains later confirmed to be those of Dom Phillips, a British journalist who was working on a book called “How to Save the Amazon". Other remains, still being examined, are likely to be those of Bruno Pereira, an expert on indigenous peoples.

FASTag KYC was February 29 as set by the National Highway Authority of India (NHAI). «One Vehicle, One FASTag» is a campaign that NHAI has started to prevent owners of single cars from participating in the multiple FASTag scheme. ET Online called the NHAI helpline number 1033, and the customer care employee confirmed that the deadline has not extended. According to the NHAI press release dated January 15, 2024, “FASTags with valid balance but with incomplete KYC will get deactivated/blacklisted by banks post 31st January 2024.” Also read: How to buy new FASTag online

Also Read: Bharat Highways InvIT IPO: GMP, review to subscription status. Apply or not as bidding ends today? Investors can find out if and how many shares they have been given through the basis of allotment.

GMR Highways has raised ₹700 crore debt from foreign portfolio investors Zeal Global Opportunities Fund and Nova Global Opportunities Fund to prepay loans raised from Yes Bank, said two people with knowledge of the matter. Both invested ₹350 crore each in secured, unlisted and unrated bonds of GMR Highways maturing on February 20, 2028. The bonds have been issued at 14% per annum for 48 months. The company has pledged 100% of its equity shares, and the parent company, GMR Power & Urban Infra, has provided a corporate guarantee.

Firefighters from several departments rushed to the scene of a large fire at the Covered Bridge Potato Chips factory in the New Brunswick town of Hartland on Friday evening, as heavy smoke and flames filled the air across the Trans-Canada Highway.

₹2 trillion worth of sanctioned projects are fast-tracked. Slow progress on DPRs has been one of the reasons projects worth trillions of rupees have failed to move ahead and get awarded. The situation has become particularly alarming in the current financial year, with highway awards falling way below the targeted 12,000 km -- indicating a thinning of the pipeline for projects that would impact construction over a longer period.

Heavy rains that swept across Pakistan have left at least 29 people dead and 50 others injured, collapsed houses and triggered landslides that blocked roads, particularly in the northwest, authorities said Sunday. About 23 rain-related deaths were reported in Khyber Pakhtunkhwa province bordering Afghanistan since Thursday night, the provincial disaster management authority said.

Himachal Pradesh, was seen adorned with fresh snowfall, as per a video shared by ANI. Nestled amidst majestic mountains, Shimla transformed into a magical winter wonderland every year, and this time is no different. The India Meteorological Department (IMD) has issued a forecast for light to moderate rainfall or snowfall in parts of Jammu & Kashmir, Himachal Pradesh, and Uttarakhand today.

rainfall or snowfall in several parts of Jammu & Kashmir, Himachal Pradesh, and Uttarakhand today. The weather department has also predicted similar weather conditions in Delhi, Punjab, and West Uttar Pradesh, among other regions. Snowfall Prediction IMD has predicted light to moderate rain/snowfall in Jammu and Kashmir, Himachal Pradesh, at some places on March 3rd, and at isolated places on March 4th. Yesterday, snowfall in the higher reaches of Himachal Pradesh disrupted daily life in tribal districts like Lahaul, Spiti, and Kinnaur, making about 441 roads, including five national highways, inaccessible. The local MeT office has forecasted a wet spell till March 7th due to a fresh Western Disturbance affecting the western Himalayan region from the night of March 5th.

₹21,400 crore during his visit in Bihar on Saturday. The number of projects that were launched by the PM included national highway, bridges, and railway projects.

PTI citing officials, the 270-km highway, the only all-weather road linking Kashmir with the rest of the country, was blocked at over half a dozen places between Nashri and Banihal. “The National Highways Authority of India (NHAI) have mobilised men and machines to clear the highway for one-way traffic," officials said.

8.01 times on the final day of bidding. Also Read: Bharat Highways InvIT IPO subscribed 1.03 times on day 2; check GMP, bidding status, other details Investors can find out if and how many shares they have been given through the basis of allotment.

New financial changes are lined up to come into effect across the country from March 1, 2024. From Paytm Payments Bank to GST regulations, these changes will significantly impact tax implications and financial decisions for nearly all banking customers.

NEW DELHI : All existing single-lane national highways will be converted to double lanes, and having two lanes with paved shoulders will be mandatory to get an NH tag in future, two people aware of the road ministry’s plans said. The new criterion will be defined in the rules governing construction of national highways. A paved shoulder is part of a highway adjacent to the regularly travelled portion on the same level.