Railways DFCCIL scales long-haul operations
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 ..
Gadkari launches Humsafar policy
Union Minister Nitin Gadkari launched the Humsafar policy, a comprehensive initiative aimed at enhancing facilities along India’s national highways. The policy seeks to improve the convenience, safety, and comfort of highway travelers by providing a wide range of services at key locations along the road network. Under this policy, rest stops equipped with essential amenities like clean washrooms, food courts, parking spaces, and first-aid services will be developed across major highways. The Humsafar policy is designed to support the growing needs of India's expanding road infrastructure, o..