Gadkari launches Humsafar policy
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
IRB Infrastructure's toll revenue grows
IRB Infrastructure reported a 19% increase in toll revenue collection for September 2024, amounting to ?502 crore. This growth reflects the strong performance of the company’s highway and toll projects, marking a significant year-on-year improvement. IRB’s revenue growth is primarily driven by its extensive toll operations across India, with the increased use of national and state highways contributing to the overall rise. The rise in toll revenue showcases the company's continued strength in managing and operating vital infrastructure projects, particularly in the roads and highways secto..
MMRDA grants two-month extension
The Mumbai Metropolitan Region Development Authority (MMRDA) has granted a two-month extension on Rs.14,000 crore road projects after a legal challenge from Larsen & Toubro (L&T) in the Bombay High Court. The extension has been provided to contractors who faced delays in executing the road projects due to legal issues raised by L&T, one of India’s largest infrastructure companies. The legal dispute centered around contractual disagreements, impacting the timeline of several critical road developments in the Mumbai Metropolitan Region (MMR). The MMRDA, responsible for overseeing ..