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The slowdown in growth of toll traffic, government capex in roads, pace of project execution by developers all point to slowdown in orders
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The recent Cabinet decision not approving BMP-I cost escalation and funds for MoRTH highways development plan raises concerns on future order flows for road developers
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Slowdown in exports, e-commerce and even the forthcoming elections will not have a great impact on the company’s bottomlines. The company is in fact, hoping to expand its orderbook and reduce debt in the near term.
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Rising share of HAM model in overall ordering of road projects has increased NHAI’s debt servicing liability, perhaps limiting the pace of orders
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The billionaire and Tesla CEO has been trying to back out of his April agreement to buy the social media company, leading Twitter to sue him last month to complete the acquisition.
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The firm acknowledged the harassment and abuse faced by online streamers, notably against people of colour, LGBTQIA+ community and military vets.
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Revenue collection barely covers the interest servicing cost of these projects, let alone project returns, says an SBI Caps report
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The 70-member board, a top advisory body on external trade, is chaired by Commerce and Industry Minister Suresh Prabhu.
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The agency estimated around 27 percent of the BOT projects in Maharashtra to be vulnerable, while nearly 43 percent of such projects in Rajasthan to be vulnerable.
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NHAI has begun monetising assets, recently auctioning 648 km of national highways where Macquarie Group won the rights to manage the bidding worth Rs 9,681.5 crore.
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Union Minister Nitin Gadkari today said the National Highways Authority of India (NHAI) should have more powers to fast-track road projects while expressing unhappiness over its overall performance.
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Most of the company‘s projects are in the western part of India which is seeing a good traffic movement. The traffic volume is likely to grow by 5-6 percent in the next 3-6 months.
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IL&FS Transportation Network today reported net profit of Rs 55.7 crore versus a loss of Rs 19.4 crore for the December quarter. Total income has fallen to Rs 1,020 crore vs Rs 1,117 crore down 8.6 percent in the year ago period.
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Prakash Diwan of Altamount Capital Management recommends EPC Industries as it is a leader in the agronomy business.
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Gammon Infrastructure will bid for half a dozen projects this fiscal and hopes to win at least two as government backs hybrid annuity model (HAM) for developing road network, a senior company executive said.
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In an interview to CNBC-TV18, AK Lakhotia, CMD of MBL Infrastructures spoke about the results and his outlook for the company.
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The concession period for the Greenfield project is 40 years, which can be further extended to another 20 years through a bid process.
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The Rs 2,100 crore project is to be developed on design, built, finance, operate and transfer (DBFOT) under the National Highways Development Programme (NHDP) phase V.
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"The company has emerged as the lowest bidder for the Rs 1,600 crore 4/6 laning of Kharar to Ludhiana section of NH-95 project in Punjab. The project will be developed on the hybrid annuity model," Ashoka Buildcon said in a BSE filing.
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AK Lakhotia of MBL Infrastructure said the company doesn't have plans to raise equity. "Once BoT projects become operations they will have three cash flows," he said.
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MEP Infrastructure holds 74 percent in the JV, while Sanjose India Infrastructure and Construction Pvt Ltd has 26 percent stake.
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PNC Raebareli Highways, a wholly owned subsidiary of PNC Infratech, has successfully commissioned two-laning Raebareli-Jaunpur project more than 3 months ahead of schedule.
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TV Sandeep Reddy, MD of the company, says the company will sell Jhansi and Lalitpur projects post getting commercial operational date (COD).
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The company had posted a net profit after taxes, minority interest and share of profit/loss of associates of Rs 129.06 crore during the corresponding quarter last fiscal.
