ETInfra

"In 2020-21, we have the highest-ever road construction of 13,327 kilometers as compared to 4,260 kilometres in 2013-14. As of January this year, we have already completed 7,600 kilometres of roads, and can reach a level of 12,800-13,000 kilometres by March end," Anurag Jain, Secretary, MoRTH Friday said.

MoRTH to complete road construction with a run rate of 35 kilometres per day this fiscal - ET Infra "In 2020-21, we have the highest-ever road construction of 13,327 kilometers as compared to 4,260 kilometres in 2013-14. As of January this year, we have already completed 7,600 kilometres of roads, and can reach a level of 12,800-13,000 kilometres by March end," Anurag Jain, Secretary, MoRTH Friday...

KKR, a leading global investment firm, has raised $6.4 billion under KKR Asia Pacific Infrastructure Investors II SCSp, for its infrastructure-related investments across Asia Pacific.

KKR raises $6.4 billion for Asia Pacific infrastructure fund - ET Infra KKR first established its global infrastructure team and strategy in 2008 and the Firm manages approximately $56 billion in assets under management across more than 80 infrastructure investments and has a team of more than 90 dedicated infrastructure investment professionals globally.

The Bhanapur-Gaddanakeri section significantly improves access to historic sites like Hampi, Aihole, Pattadakallu, and Badami, enhancing connectivity to Bellary and Hospet's mining and industrial hubs.

Nitin Gadkari

Gadkari launches 18 NH projects of Rs 6168 cr in Karnataka - ET Infra Nitin Gadkari: The Bhanapur-Gaddanakeri section significantly improves access to historic sites like Hampi, Aihole, Pattadakallu, and Badami, enhancing connectivity to Bellary and Hospet's mining and industrial hubs.

Prime Minister Narendra Modi dedicated to the nation and laid the foundation stone for multiple development projects worth more than Rs 13,500 crores in Tarabh, Mahesana, Gujarat today.

PM Modi launches projects worth Rs 13,500 crore in Gujarat - ET Infra Prime Minister Narendra Modi dedicated to the nation and laid the foundation stone for multiple development projects worth more than Rs 13,500 crores in Tarabh, Mahesana, Gujarat today.

SpiceJet Limited has secured Rs 316 crore in investments, allocated equity shares and issued warrants to investors. The funding strengthens their financial position, supports expansion initiatives, and enables cost-cutting measures, including employee layoffs and fleet upgrades.
FlySpiceJet

SpiceJet improves financial position with another Rs 316 cr fundraising - ET Infra SpiceJet has secured Rs 316 crore in investments, allocated equity shares and issued warrants to investors. The funding strengthens their financial position, supports expansion initiatives, and enables cost-cutting measures, including employee layoffs and fleet upgrades.

Bharat Highways InvIT, an infrastructure investment trust, on Thursday said it will launch its Rs 2,500 crore Initial Public Offering (IPO) on February 28. The InvIT's maiden public issue will conclude on March 1 and the price band has been set at Rs 98-100 per unit for the issue, Bharat Highways InvIT said in a statement.

Bharat Highways InvIT to float Rs 2,500 crore IPO on Feb 28 - ET Infra The InvIT's maiden public issue will conclude on March 1 and the price band has been set at Rs 98-100 per unit for the issue, Bharat Highways InvIT said in a statement.

In his address at a summit organised by the Indian Chamber of Commerce here, Union Minister of Jal Shakti Gajendra Singh Shekhawat highlighted the revolutionary growth and modernization in India's infrastructure during the past decade under the leadership of Prime Minister Narendra Modi.

Water transformation: USD 250 bln investment fuels decade of progress - ET Infra In his address at a summit organised by the Indian Chamber of Commerce here, Union Minister of Jal Shakti Gajendra Singh Shekhawat highlighted the revolutionary growth and modernization in India's infrastructure during the past decade under the leadership of Prime Minister Narendra Modi.

Data by the ministry of road transport and highways shows just 3481 km of road contract has been awarded till January this year as against the targeted 13,290 km for 2023-24. The average monthly road contracts awarded in this fiscal is 300 km so far.

Road contract awards in India hit decade-low in 2023-24 - ET Infra Data by the ministry of road transport and highways shows just 3481 km of road contract has been awarded till January this year as against the targeted 13,290 km for 2023-24. The average monthly road contracts awarded in this fiscal is 300 km so far.

JK Cement has 20 million tonnes per anum of capacity and ranks amongst the top 8 cement manufacturers in the country.

JK Cement completes acquisition of Odisha’s Toshali Cement - ET Infra JK Cement has 20 million tonnes per anum of capacity and ranks amongst the top 8 cement manufacturers in the country. With the acquisition of Odisha-based Toshali Cement the company will add a further 0.6 million tonnes per anum of cement capacity.

Union minister Nitin Gadkari said on Wednesday. Gadkari said the pilot projects of GPS-based toll systems of the Ministry of Road Transport and Highways (MoRTH) have been successful and the government will soon come out with a tender for implementing the new toll collection system.

Ministry of Road Transport and Highways, Government of India

Govt to introduce GPS-based highway toll collection system - ET Infra The government plans to introduce a GPS-based highway toll collection system on national highways, replacing toll plazas. Union Minister Nitin Gadkari announced that successful pilot projects have paved the way for this change.

Ambuja Cement Limiteds Limited, now a part of Adani Group, on Wednesday said it has planned to invest Rs 1,000 crore to set up a cement grinding unit in Godda district of Jharkhand.

Ambuja Cements to invest Rs 1,000 cr to set up grinding unit in Jharkhand - ET Infra Ambuja Cements, now a part of Adani Group, on Wednesday said it has planned to invest Rs 1,000 crore to set up a cement grinding unit in Godda district of Jharkhand.

JSW Steel, part of the JSW Group, is planning to borrow $750 million for capital expenditure as it targets major capacity expansion, aiming to almost double its steel output to 50 million tons by the end of the decade.

Sajjan Jindal's JSW Steel sounds out banks for $750 million loan - ET Infra JSW Steel, part of the JSW Group, is planning to borrow $750 million for capital expenditure as it targets major capacity expansion, aiming to almost double its steel output to 50 million tons by the end of the decade.

Prime Minister Narendra Modi will on February 26 lay the foundation stone of 550 Amrit Bharat stations to improve facilities at railway stations by developing rooftop plazas and city centres at a cost of Rs 40,000 crore.

PM Modi to lay foundation stone of 550 Amrit Bharat stations on Feb 26 - ET Infra Prime Minister Narendra Modi will on February 26 lay the foundation stone of 550 Amrit Bharat stations to improve facilities at railway stations by developing rooftop plazas and city centres at a cost of Rs 40,000 crore.

Union Minister for Road Transport and Highways Nitin Gadkari is taking up Karnataka tour on Thursday to participate in various programmes across the state.

Nitin Gadkari to inaugurate projects worth Rs 13,000 cr in K'taka - ET Infra Union Minister for Road Transport and Highways Nitin Gadkari is taking up Karnataka tour on Thursday to participate in various programmes across the state.

Sadhav Shipping Limited (SSL) plans to come out with its Initial Public Offering (IPO) of 40,18,800 equity shares of Rs 10 each for cash at a premium of Rs 85, aggregating to Rs 38.18-crore.

With major orders in hand Sadhav announces IPO, to open on 23rd Feb - ET Infra Sadhav Shipping Limited (SSL) plans to come out with its Initial Public Offering (IPO) of 40,18,800 equity shares of Rs 10 each for cash at a premium of Rs 85, aggregating to Rs 38.18-crore.

The Japan International Cooperation Agency on Tuesday said it has signed a loan agreement amounting to about Rs 2,809 crore for the construction of the second phase of the Chennai Peripheral Ring Road Project. The loan amount translates into 49,847 million Japanese Yen.

JICA extends Rs 2,809 crore loan for Chennai road project - ET Infra The Chennai Peripheral Ring Road is placed as one of the priority projects in the 'Comprehensive Integrated Master Plan for Chennai-Bengaluru Industrial Corridor (2015)' based on an agreement between the Government of Japan and Government of India, a release from JICA said.

The Delhi Airport Metro Express Private Limited, a Reliance Infrastructure firm, on Tuesday told the Supreme Court that it was not seeking any damages from the DMRC and wanted the cost of trains, procured by it, for plying on the airport metro line here in terms of the 2017 arbitral award.

Seeking cost of trains, not damages, from DMRC: Reliance Infra firm to SC - ET Infra Dmrc: In May 2017, an arbitral tribunal ruled in favour of Delhi Airport Metro Express Private Limited, which had pulled out of running the Airport Express metro line over safety issues, and accepted its claim that running the operations on the line was not viable due to structural defects in the vi...

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Sonowal inaugurated Passenger-cum-Cargo terminal at Bogibeel near Dibrugarh, Inland Water Transport Terminal at Sonamura in Tripura and upgraded terminals at Karimganj & Badarpur in Assam.

Sonowal launches projects for development of waterways in North East - ET Infra Sonowal inaugurated Passenger-cum-Cargo terminal at Bogibeel near Dibrugarh, Inland Water Transport Terminal at Sonamura in Tripura and upgraded terminals at Karimganj & Badarpur in Assam.

The Goverment of Japan on Tuesday committed Official Development Assistance (ODA) loan to the tune of approximately Rs 12,814 crore for nine projects across various sectors in India.

Japan extends Rs 12,814 crore loan for 9 infra projects in India - ET Infra The Goverment of Japan on Tuesday committed Official Development Assistance (ODA) loan to the tune of approximately Rs 12,814 crore for nine projects across various sectors in India.

Akasa Air on Tuesday introduced the adoption of Digi Yatra's facial recognition system across nine major airports across the country including Bengaluru, New Delhi, Varanasi, Hyderabad, Lucknow, Ahmedabad, Guwahati, Kolkata, and Pune.

Akasa Air adopts Digi Yatra's facial recognition system at 9 airports - ET Infra Akasa Air on Tuesday introduced the adoption of Digi Yatra's facial recognition system across nine major airports across the country including Bengaluru, New Delhi, Varanasi, Hyderabad, Lucknow, Ahmedabad, Guwahati, Kolkata, and Pune.

Prime Minister Narendra Modi on Tuesday inaugurated and laid the foundation stone of multiple development projects for education, railway, aviation, and road sectors, worth over Rs 32,000 crore in Jammu.

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Former ArcelorMittal executive Jai Saraf is discussing a potential bid for Vedanta's steel business, ESL Steel, with private credit funds, according to multiple people in the know.

Jai Saraf may bid for VedantaSteel biz against ex-employer - ET Infra VedantaSteel: Former ArcelorMittal executive Jai Saraf is discussing a potential bid for Vedanta's steel business, ESL Steel, with private credit funds, including Nithia Capital and certain financial investors. Talks with ArcelorMittal are on the backburner due to valuation differences. Saraf and Ni...

Tata Group companies Air India Limited and TATA Advanced Systems Limited (TASL) plan to invest Rs 2,300 crore in Karnataka in multiple projects which will provide employment to about 1,650 people, an official statement here on Monday said.

Air India & Tata Advanced Systems to invest Rs 2,300 cr in Karnataka - ET Infra Tata Group companies Air India and Tata Advanced Systems Limited (TASL) plan to invest Rs 2,300 crore in Karnataka in multiple projects which will provide employment to about 1,650 people, an official statement here on Monday said.

Minister of Housing & Urban Affairs Hardeep Singh Puri on Monday said that India's fast-growing construction industry is poised to become the third-largest globally by 2025.

Construction industry poised to be world's 3rd largest by 2025: Puri - ET Infra Minister of Housing & Urban Affairs Hardeep Singh Puri on Monday said that India's fast-growing construction industry is poised to become the third-largest globally by 2025.

Prime Minister Narendra Modi launched 14,000 projects across Uttar Pradesh worth more than Rs 10 lakh crore at the fourth ground-breaking ceremony here on Monday for investment proposals received during the UP Global Investors Summit

PM Modi launches 14,000 projects worth Rs 10 lakh crore in UP - ET Infra Prime Minister Narendra Modi launched 14,000 projects across Uttar Pradesh worth more than Rs 10 lakh crore at the fourth ground-breaking ceremony here on Monday for investment proposals received during the UP Global Investors Summit.

The work is being carried out as part of a plan to make Paradip Port compliant for handling fully loaded Capesize ships

L&T set to win Rs554 crore deal to extend Paradip Port’s South breakwater - ET Infra The work is being carried out as part of a plan to make Paradip Port compliant for handling fully loaded Capesize ships

The Supreme Court directed SpiceJet Limited to clear all outstanding dues to Credit Suisse by March 15. The court had earlier granted SpiceJet six months to settle arrears with Credit Suisse.
FlySpiceJet

SpiceJet-Credit Suisse Case: SC asks carrier to clear dues by March 15 - ET Infra SpiceJet Credit Suisse Case: The Supreme Court directed SpiceJet to clear all outstanding dues to Credit Suisse by March 15. The court had earlier granted SpiceJet six months to settle arrears with Credit Suisse.

Public Sector Undertaking RVNL's order book has touched Rs 65,000 crore, 50 per cent of which are railway projects, the company has said. RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call.

RVNL's order book touches Rs 65,000-cr mark; aims to add foreign projects - ET Infra Public Sector Undertaking RVNL's order book has touched Rs 65,000 crore, 50 per cent of which are railway projects, the company has said. RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call.