PNC Infratech Limited signed concession agreements with the National Highways Authority of India (NHAI) on 19th July 2023, launching three highway projects under the Hybrid Annuity Mode (HAM). The three projects, with an aggregate bid cost of Rs. 3264.43 crore, are part of the ambitious Bharatmala Pariyojana and mark significant progress for infrastructure development in […]
PNC Infratech said that it has been declared the L1 (lowest) bidder for the Varanasi-Ranchi-Kolkata Highway, a new hybrid annuity highway project of the National Highways Authority of India (NHAI) in Bihar. The project calls for the construction of a six-lane highway between the villages of Pachmon and Anarbansalea. The bid project cost is INR […]
Dilip Buildcon said that it has been issued letter of acceptance (LOA) for a new HAM project ‘Development of 6 Lane- Maradgi S Andola to Baswantpur (Package -III of Akkalkot-KNT/TS Border) in Karnataka. The contract is worth INR 1,589 crores, said the Bhopal-based construction and infrastructure development company. According to Dilip Buildcon, in continuation to […]
PNC Infratech Limited, through its special purpose vehicles (SPVs), has signed concession agreements with the National Highways Authority of India (NHAI) for executing a couple of hybrid annuity mode (HAM) projects in Uttar Pradesh with a total bid project cost of INR 1,623 crores. One of its SPVs — Yamuna Highways Private Limited will execute […]
Bharat Road Network Limited (BRNL) said that it has wrapped up the sale of its 40% stake in Shree Jagannath Expressways Pvt Ltd (SJEPL), the operator of a 67km toll road in Odisha, to India Highway Concession Trust. The buyer is an infrastructure investment trust established by Canada’s Caisse de dépôt et placement du Québec […]
PNC Infratech Limited said that it has signed concession agreements with the National Highways Authority of India (NHAI) for executing the Kanpur-Lucknow Expressway projects. The company signed the agreements through Kanpur-Lucknow Expressway Private Limited and Awadh Expressway Private Limited, which are the special purpose vehicles incorporated by it for the implementation of two hybrid annuity […]
Hindustan Construction Company (HCC Group) said that it has agreed to sell Baharampore-Farakka Highways Limited (BFHL) to Singapore-based Cube Highways and Infrastructure V at an enterprise value of INR 1,279 crores. The deal implies an equity valuation of INR 600 crores for Baharampore-Farakka Highways. Apart from the equity value, an earnout of INR 200 crores […]
IRB Infrastructure Developers Limited, a Mumbai-based highway construction company, has achieved financial closure for the 28.7km Pathankot Mandi Highway project in Himachal Pradesh. The company’s created a special purpose vehicle called Pathankot Mandi Highway Private Limited to execute the project, which involves the rehabilitation and upgradation to four lane configuration and strengthening of Punjab/Himachal Pradesh […]
Power Mech Projects Limited said that it has been issued letters of intent for two works with a combined worth of INR 725.17 crores. The first order is from the National Highways Authority of India (NHAI) and is worth INR 645 crores. It is for the four laning of NH-365A from Kodad (Design 645km O.OO/Existing […]
G R Infraprojects Limited said that it has prevailed as L-1 bidder in a tender called by the National Highways Authority of India (NHAI) for developing a six-lane section of NH-754A in Punjab under Bharatmala Pariyojana Phase-I (Package-1) on hybrid annuity mode (HAM) by bidding an amount of INR 927 crores. According to the Gurugram-based […]