Toll Road Creditors agrees Rs 2.70 billion for settlement

Unlike FASTag, multi-lane free flow tolling operates without barriers

Marking a paradigm shift in the tolling system in India, the National Highways Authority of India (NHAI) has invited bids to select an acquirer bank for the country’s first multi-lane free flow (MLFF) toll collection on the recently opened Dwarka Expressway. Muraleemohan, Chief Operating Officer (COO), Maple Highways, in conversation with R SRINIVASAN, elaborates upon the benefits of the Global Navigation Satellite System (GNSS)-based tolling system in making travel hassle-free and improving upon the FASTag setup. Excerpts:‘The time to be in India is now’. How does this catchph..

Sumadhura Group eyes revenue of Rs 40 billion

The Sumadhura Group announced the launch of three premium projects across the Bengaluru and Hyderabad markets - Sumadhura’s first theme-based residential project, Mediterranean-styled Sumadhura Epitome in North Bangalore; Sumadhura Capitol Residences at prime location in East Bangalore and Sumadhura Palais Royale, an uber luxury project in Hyderabad. The group is eyeing an estimated revenue potential of Rs 40 billion from the three projects with Rs 5 billion to be generated from Epitome; Rs 10 billion from Capitol Residences and Rs 25 billion from Palais Royale respectively. The launch of th..

KEC wins new orders of Rs 11.14 billion

KEC International, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 11.14 billion across its various businesses:Transmission & Distribution (T&D): The business has secured orders for T&D projects in Middle East and Americas:400 kV Transmission line in OmanSupply of towers, hardware and poles in AmericasCivil: The business has secured orders in the industrial segment in India.Railways: The business has secured an order for Metro Overhead Electrification (OHE) works in the technologically enabled segment in India.Cables: The business has secured o..