Somany Ceramics sees 41% profit dip

J N Port Authority Adjusts HAM Model for Vadhvan Port Project

The Jawaharlal Nehru Port Authority (JNPA) is set to implement modifications to the Hybrid Annuity Model (HAM) for the dredging and reclamation work planned at Vadhvan Port. This adaptation aims to address specific challenges in these critical construction stages, facilitating smoother project execution and financial structuring. HAM, traditionally used in road projects, combines public and private investments while offering the concessionaire assured returns on investment, thereby mitigating financial risks. By tailoring HAM to port development, JNPA aims to optimize resources, attract priva..

Supreme Court Backs NCLT’s Order for Interim Fund Distribution of BKEL

In a recent ruling, the Supreme Court has upheld the National Company Law Tribunal’s (NCLT) decision to allow interim fund distribution from the escrow account of BKEL (Brahmaputra Infrastructure Ltd.). This decision supports the NCLT's initial order, facilitating the release of funds amidst BKEL’s ongoing financial restructuring process. The escrow funds, initially frozen due to BKEL's debt obligations, can now be partially distributed under supervised conditions. This interim measure is intended to address the company’s immediate financial commitments and ensure the continuation of cr..

Delhi-Mumbai Expressway Section to Open on November 12

A significant section of the Delhi-Mumbai Expressway, one of India's longest and most ambitious road projects, is expected to be inaugurated on November 12. This phase, connecting key locations en route to Mumbai, promises to significantly reduce travel time and enhance connectivity for commuters and freight. The expressway, once fully completed, will span over 1,300 kilometers, providing a high-speed route between the capital and the financial hub. This section’s opening marks a critical milestone for the project, offering improved road infrastructure and faster transit options. The new ro..