2023 24

The Election Commission has allowed NHAI to calculate new toll rates that normally kick in from April 1, but said the new user fees should be applicable only after the Lok Sabha elections.

NHAI awards projects worth Rs 9,384 crore after three-month delay

All projects awarded by the NHAI have been clubbed into two categories called Bundle 13 and Bundle 14 and were expected to be awarded in September 2023.

Road transport ministry likely to spend Rs 1.85 lakh crore as capex by Dec 2023

The Ministry of Road Transport and Highways was earlier planning to spend over 90% of its Rs 2.59 lakh cr capex allocation for financial year 2023-24 by December 2023. However, heavy rains, delays in land allocation and elections in five states have led to a dramatic slowdown in project-awarding.

National highway construction slows to 20.23 km a day in H1

The road-building target has been missed in the past two years and the same is expected this year as the general elections approach

RITES Q1 results: Profit falls 26% to Rs 96 crore in Q1

RITES Q1 earnings: Operating revenue, excluding other income, stood at Rs 503.7 crore in the quarter under review, down 13 percent from Rs 578.33 crore in the year-ago quarter.

IRB Infrastructure eyes 20% jump in order book in 2023-24

The current order book for IRB Infra stands at Rs 21,000 crore, including Rs 9,000 crore for engineering, procurement, and construction (EPC), and Rs 12,000 crore for operational and management (O&M) projects.

Indian banks likely to face margin pressure in FY24, says Fitch Ratings

The Indian banking sector's average NIM to slightly contract by about 10 basis points (bp) in fiscal year (FY) 2023-24 to 3.45 percent, the agency said.

Delhi government has started process of preparing its budget for 2023-24

The Finance Department has initiated the process of preparation of the revised estimates (RE) for 2022-23 and budget estimates (BE) for 2023-24, asking departments to stick to prescribed format in furnishing facts and figures