Bhive Expands Footprint with New Lease

PNC Transfers Stake in SPVs

PNC Infratech Ltd. has received approval from the National Highways Authority of India (NHAI) to transfer its entire 100% stake in three subsidiary companies (Special Purpose Vehicles or SPVs) to Highways Infrastructure Trust (HIT), an Infrastructure Investment Trust (InvIT) managed by KKR & Co Inc. This transaction is part of a larger Rs 9,005 crore agreement signed in January 2024 between PNC Infratech, PNC Infra Holdings (its subsidiary), and HIT. The three approved SPVs are PNC Bithur Kanpur Highways Pvt Ltd, PNC Gomti Highways Pvt Ltd, and PNC Aligarh Highways Pvt Ltd. These assets are a..

Wider EM Bypass Stretch Soon

The south-bound stretch of the EM Bypass near Metropolitan's Orange Line Metro station is set to expand with the addition of two lanes to the existing three-lane road by December. Rail Vikas Nigam Limited (RVNL), responsible for this crucial infrastructure upgrade, is constructing a 55m x 6m iron bridge over the Moila khal (canal). This new structure, which includes a 4.5m carriageway and a 1.5m cantilever pedestrian walkway, promises enhanced durability and efficiency compared to a Bailey bridge, previously proposed by Kolkata Police. The iron bridge, weighing 240 tonnes, is five times heavi..

Allcargo Plans Haryana Logistics Park

Allcargo Terminals, a Mumbai-based logistics company, plans to invest Rs 115 crore in developing a multimodal logistics park in Farrukhnagar, Haryana. This initiative is part of a larger Rs 500 crore fundraising strategy, as stated by Managing Director Suresh Kumar R. The logistics park is being developed in collaboration with the Haryana Orbital Rail Corporation (HORCL), a joint venture under the Rs 6,000 crore Haryana Rail Infrastructure Development Corporation-led Haryana Orbital Rail Corridor (HORC) project. Allcargo Terminals has already acquired a 7.6% equity stake in HORCL and committe..