Road execution to grow 5-8% in FY25: ICRA
The pace of execution in this fiscal will be supported by a healthy pipeline of projects, increased capital outlay by the government and focus on projects completion by the Ministry of Highways.
The pace of execution in this fiscal will be supported by a healthy pipeline of projects, increased capital outlay by the government and focus on projects completion by the Ministry of Highways.
Gautam Adani-led conglomerate last year signed a deal to acquire a 100% stake in Swarna Tollway Pvt Ltd and 56.8% Gujarat Road and Infrastructure Company Ltd
The govt hopes to raise an additional ₹9,600 crore by March this year
Nitin Gadkari says 719 NH projects are running behind schedule due to protracted monsoon and other factors like average rain in some states, Covid-19, and an increase in raw material prices.
As part of the institutional placement, Canada Pension Plan Investment Board has proposed to make an additional investment of ₹357 crore in NHAI InvIT.
Acquisition entails issue of certain units of Shrem InvIT to Dilip Buildcon and associates as consideration for acquisition, says CCI