Madhucon bags Rs 820cr NHAI project

July 12, 2006

Madhucon Projects has signed a concession agreement with the National Highways Authority of India (NHAI) for laying over 126 km stretch of road between Madurai and Tuticorin on build, operate and transfer (BOT) basis.

Written by ITW Editor · Filed Under Default, Investment and Finance

IVRCL achieves financial closure for road project

June 25, 2006

IVRCL Infrastructures & Projects Ltd has announced that it has achieved financial closure for its Jalandhar-Amritsar road project awarded by National Highways Authority of India (NHAI).

The company said the project involves improvement, operation and maintenance including strengthening and widening of the existing two-lane road to four-lane duel carriageway from km 407.100 to km 456.100 of NH-1 (Jalandhar-Amritsar section) in Punjab on build, operate and transfer (BOT) basis.

IVRCL is executing this project through special purpose vehicle (SPV) called Jalandhar Amritsar Tollways Ltd, a wholly owned subsidiary of the company.

The estimated project cost is Rs 237.75 crore, of which the loan component is Rs 157 crore. Canara Bank is financing it to the extent of Rs 60 crore, llahabad Bank Rs 50 crore and State Bank of Bikaner and Jaipur Rs 47 crore with Canara Bank as the lead lender of the consortium.

Written by ITW Editor · Filed Under Default, Investment and Finance

Elevated expressway to connect Bangalore to electronic hub

June 23, 2006

Bangalore, June 23 (IANS) A dedicated 10-km elevated expressway is being built from the Silicon hub of Bangalore to the electronics city to ferry thousands of techies to their workplace in top gear, non-stop.

Prime Minister Manmohan Singh is scheduled to kick-start the project by laying the foundation stone Saturday here in the presence of union Urban Development Minister S. Jaipal Reddy, Governor T.N. Chaturvedi, Chief Minister H.D. Kumaraswamy and top officials.

The brainchild of the National Highway Authority of India (NHAI) and the Karnataka government, the four-lane expressway will be raised above the six-lane national highway (NH-7), connecting Bangalore to Hosur across the state border in Tamil Nadu.

Written by ITW Editor · Filed Under Default, Investment and Finance

L&T bags 750 Crore contract from NHAI

April 20, 2006

Larsen and Toubro Ltd (L&T) has bagged a Rs 750 crore order from the National Highways Authority of India for six laning of the NH-8 in Gujarat.

The Build-Operate-Transfer project entails widening of the existing four-lane highway to six lanes, from Vadodara to Bharuch, with amenities and support infrastructure.

Written by ITW Editor · Filed Under Default, Investment and Finance

L&T wins Rs750-crore BOT contract

April 8, 2006

Larsen & Toubro Ltd has received an Rs750 crore order for the six-laning of NH-8 from Vadodara to Bharuch in Gujarat. The National Highways Authority of India awarded the contract on ‘build-operate-transfer’ (BOT) basis through international competitive bidding.

The 83.3km stretch of NH-8 between Vadodara and Baruch, forms part of the Golden Quadrilateral and is an important link in the high-density corridor connecting Mumbai and Delhi. This stretch is adjacent to the second Narmada bridge, which is already under operation on BOT basis by L&T. The project involves widening of the existing four-lane highway to six lanes, with amenities and support infrastructure. The 15-year concession period includes a construction period of 30 months.

Written by ITW Editor · Filed Under Investment and Finance

PM to lay foundation for six-laning of Panipat highway project

March 23, 2006

Prime Minister Manmohan Singh will today lay the foundation stone for six-laning of 10 km stretch of the National Highway one (NH-1) running through Panipat in Haryana.

Chief Minister Bhupinder Singh Hooda along with other ministers will be present on the occasion. Dr Singh will also address a public meeting on the occasion. Security men have been posted on the spot.

Written by ITW Editor · Filed Under Default, Investment and Finance, Tech

6-lane stretch for Surat-Vadodara

March 14, 2006

Those driving on the stretch of National Highway no 8 between Surat and Vadodara are in for some good news, though not in the near future.

National Highways Authority of India (NHAI) has decided to convert it to a six-lane road from the existing four-lane road in view of the increasing traffic on this stretch, which makes driving on it a pain in the neck.

Written by ITW Editor · Filed Under Default, Investment and Finance

Rs 550-crore road project for L&T

March 11, 2006

Larsen & Toubro Limited (L&T), bagged its first annuity-based road project — valued at Rs 550 crore from the National Highways Authority of India (NHAI).

The project involves four-laning of the 76-km Palanpur and Swaroopgunj stretch located on the East-West Corridor on NH-14, linking Gujarat and Rajasthan. Secured against international competitive bidding, the order will be executed by L&T’s Engineering Construction & Contracts (ECC) Division in 30 months.

Written by ITW Editor · Filed Under Default, Investment and Finance, Larsen & Toubro Ltd. (L&T), Tech

NHAI signs Rs 490-cr pacts with Reliance Energy-promoted SPVs

March 8, 2006

The National Highways Authority of India (NHAI) on Monday signed two concession agreements with Reliance Energy Ltd-promoted special purpose vehicles (SPVs) to four-lane two national highway sections on NH-7 in Tamil Nadu on Build-Operate-Transfer basis.

Both the projects fall on the North-South Corridor under National Highways Development Project – Phase II.

The agreements were signed by NHAI with NK Toll Road Ltd and DS Toll Road Ltd (SPVs formed by Reliance Energy Ltd) in the presence of Mr Santosh Nautiyal, Chairman, NHAI and Mr JP Chalasani , Director-Business Development, Reliance Energy, said a release. Under the first agreement, the four-laning of the 33.5-km long, high-traffic density corridor of Namakkal-Karur Section of NH – 7 on BOT basis is expected to be completed in 30 months at a cost of Rs 205.6 crore.

Written by ITW Editor · Filed Under Default, Investment and Finance

Aim to be leading player in infra projects: GVK Power

March 3, 2006

GVK Power & Infrastructure is the new IPO that has opened for subscription today, it is within a price band of Rs 260 to Rs 310.

Director at GVK Power & Infrastructure, G V Sanjay Reddy believes that infrastructure is key to India’s growth, and their company is focussed on that for the last many decades.

Going forward, he says in the next 5-10 years their vision is to become a leading player and developer of infrastructure projects including power.

Written by ITW Editor · Filed Under Default, Investment and Finance

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