NARCL Proposes Rs 270 Crore for Pink City Expressway
ROADS & HIGHWAYS

NARCL Proposes Rs 270 Crore for Pink City Expressway

In a significant move, the National Asset Reconstruction Company (NARCL) has presented a proposal amounting to Rs 270 crore for the Pink City Expressway. The offer comes with recovery expectations pegged at 15%, indicating a positive stride toward financial recovery and resolution in the realm of road infrastructure.

The proposal from NARCL reflects efforts to address financial challenges associated with the Pink City Expressway project, contributing to the broader goal of resolving distressed assets in the infrastructure sector. The recovery estimate of 15% suggests a substantial effort to mitigate losses and rehabilitate the financial health of the project.

As stakeholders analyse the proposal, attention will be directed towards its potential impact on the financial ecosystem of road infrastructure projects. The involvement of NARCL signals a strategic move to address non-performing assets and infuse stability into the sector, aligning with larger initiatives to revive distressed infrastructure assets in the country.

The Pink City Expressway, being a crucial infrastructure project, stands to benefit from the financial resolution proposed by NARCL, offering a pathway for restructuring and sustainable development. The outcome of these deliberations holds implications not only for the specific project but also for the broader landscape of road infrastructure financing and recovery mechanisms in India.

In a significant move, the National Asset Reconstruction Company (NARCL) has presented a proposal amounting to Rs 270 crore for the Pink City Expressway. The offer comes with recovery expectations pegged at 15%, indicating a positive stride toward financial recovery and resolution in the realm of road infrastructure. The proposal from NARCL reflects efforts to address financial challenges associated with the Pink City Expressway project, contributing to the broader goal of resolving distressed assets in the infrastructure sector. The recovery estimate of 15% suggests a substantial effort to mitigate losses and rehabilitate the financial health of the project. As stakeholders analyse the proposal, attention will be directed towards its potential impact on the financial ecosystem of road infrastructure projects. The involvement of NARCL signals a strategic move to address non-performing assets and infuse stability into the sector, aligning with larger initiatives to revive distressed infrastructure assets in the country. The Pink City Expressway, being a crucial infrastructure project, stands to benefit from the financial resolution proposed by NARCL, offering a pathway for restructuring and sustainable development. The outcome of these deliberations holds implications not only for the specific project but also for the broader landscape of road infrastructure financing and recovery mechanisms in India.

Next Story
Infrastructure Urban

Our urban initiatives set a benchmark for projects across India

The Nagpur Smart and Sustainable City Development Corporation (NSSCDCL) has bagged an excellence award for being a leader in creating healthy streets in Indian cities. Soumya Sharma Chandak, Chief Executive Officer (CEO), tells R SRINIVASAN what led to this achievement and elaborates upon other successes and plans. Excerpts from the conversation:What key factors contributed to NSSCDCL winning the excellence award for creating healthy streets in India?We won this award for our efforts to suggest juncti..

Next Story
Infrastructure Urban

Construction Sector Results

The Indian construction sector demonstrated both growth opportunities and notable challenges in the first half of FY2024-25, driven by a mix of economic, operational and policy factors. The sector’s total consolidated operating revenue across all segments (Ultra Large, Large, Medium, and small construction companies) reached approximately Rs.70,871 crore in H1 FY25, compared to Rs.67,126 crore in H1 FY24, reflecting a year-on-year growth of about 5.6 per cent. When including Larsen & Toubro (L&T), the largest player in  the sector,..

Next Story
Infrastructure Transport

India must focus on building resilient road infrastructure

Vadodara-based firm Zydex Industries has developed a silane nanotechnology-based product for road construction that can resist cracking under heavy traffic loads and cyclic weather. The company is using nano-polymer and silane to make roads free of potholes and cracks, thanks to their anti-strip property and enhanced resistance to moisture damage. The company has also developed a technology to make aggregates waterproof, thus forming a skin-like layer that is water-resistant and prevents the formation of potholes. Himanshu Agarwal, Chief Operating Officer, Zydex Industries, speaks about g..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000