NATIONAL HIGHWAYS AUTHORITY OF INDIA
RVNL shares rise 2% as company secures Rs 554 crore highway project
RVNL shares: The contract entails the construction of a six-lane access-controlled road connecting to the Visakhapatnam Port in Andhra Pradesh. This crucial infrastructure project is expected to enhance regional trade and improve transportation efficiency.
Assam approves 24/7 shop operations in major cities, expands business hours statewide
The Assam Cabinet has approved amendments to the Assam Minor Mineral Concession Rules, 2025, to promote clean mining by investing in new technologies, addressing emissions, and utilizing mining waste. Shops and establishments in Guwahati, Dibrugarh, and Silchar can now operate 24/7, boosting the state’s economy and job creation. Worker safeguards remain unchanged with specific limits on work hours.
NHAI debars 14 toll fee collection agencies for two years
In a statement issued on Thursday, the National Highways Authority of India (NHAI) under the administrative control of the ministry of road transport and highways said it has debarred these companies for irregular activities in fee collection at toll plazas, in violation of the provisions of the contract agreement. Performance securities worth over Rs 100 crore of the defaulting agencies have been forfeited and are being en-cashed for breach of the contract, it said.
Stock market update: Nifty Bank index advances 0.72%
The Nifty Bank index closed 0.72 per cent up at 50062.85.
Garden Reach Shipbuilders signs MoU with PWD Nagaland for modular steel bridges, shares soar
Garden Reach Shipbuilders & Engineers shares surged 8.5% after signing a pact with PWD Nagaland to provide eight double-lane modular steel bridges, aligning with the Make in India initiative. The MoU, signed in Kohima, marks GRSE's first collaboration with a North Eastern state, and follows previous deliveries to organizations and countries such as Bhutan, Nepal, Myanmar, Sri Lanka, and Bangladesh.
Stock market update: Nifty Bank index advances 0.32% in an upbeat market
The Nifty Bank index was trading 0.32 per cent up at 49860.2.
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Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 130.0 points up at 23037.6
Stock market update: Stocks that hit 52-week lows on NSE
Bajaj Finance, Trent, L&T, Tata Steel and Adani Ports SEZ were among the top losers on NSE.
Stock market update: Nifty Auto index advances 1.03% in an upbeat market
The Nifty Auto index was trading 1.03 per cent up at 21539.8.
A ?1,500 crore boost for low-value UPI payments
The Union Cabinet approved ?1,500 crore allocation to promote low-value UPI transactions, offering 0.15% incentives for transactions up to ?2,000. The goal is 200 billion transactions by FY25. Some industry players deem the allocation inadequate. Additional projects approved include a national highway in Maharashtra, a new ammonia-urea complex in Assam, and revisions in dairy and livestock programs.
No wrong turns on land acquisition
The Government of India is planning amendments to the National Highways Act, 1956 to speed up land acquisition and reduce disputes. A significant proposal is returning unused land after five years to original owners, enhancing fairness and potentially reducing protests against large-scale infrastructure projects.
Govt to come up with new concessional toll charges for highway users: Nitin Gadkari
Nitin Gadkari, the road transport minister, announced a new policy for toll charges on national highways, aiming to introduce annual and lifetime charges while ensuring seamless travel. The government is also exploring satellite-based tolling for improved operational control. The new policy will provide reasonable concessions to consumers and address current toll issues.
Govt plans to make NH in Assam like in US; plans to invest Rs 3 lakh crore: Gadkari
Union Minister Nitin Gadkari announced plans to invest Rs 3 lakh crore in Assam to construct national highways akin to those in the US. Key projects include the Guwahati Ring Road, a tunnel under the Brahmaputra in Dibrugarh, and an elevated highway over Kaziranga National Park.
Cabinet approves six-lane greenfield highway in Maharashtra; to be built on BOT mode at an investment of Rs 4500 cr
The Cabinet Committee on Economic Affairs approved the construction of a six-lane high-speed national highway in Maharashtra, costing Rs 4,500.62 crore. The highway will connect JNPA Port to Chowk, improving logistics and connectivity with the Navi Mumbai International Airport.
Cabinet approves 6-lane highway project connecting JNPA Port at an investment of Rs 4,500 crore
The Union Cabinet approved a new 6-lane greenfield high-speed highway connecting JNPA Port with Chowk in Maharashtra. The Rs 4,500 crore project, under PM Gatishakti, addresses connectivity needs and improves logistics for the Navi Mumbai area. The highway aims to alleviate congestion and facilitate smoother freight movement between major arterial roads.
Nitin Gadkari has a good news for Indians; govt to announce new toll policy soon, will give reasonable concessions
The Indian government will soon announce a new policy for toll charges on national highways to offer reasonable concessions to consumers. Nitin Gadkari highlighted the necessity of tolls for funding road infrastructure projects while ensuring new policies to address existing concerns and exceptions regarding toll plazas.
GR Infraprojects shares surge over 12% on Rs 4,263-crore NHAI highway project win
GR Infraprojects shares jumped over 12% to Rs 1,054 after securing a Rs 4,262.78 crore highway project from NHAI. The project includes the construction of the Agra-Gwalior Greenfield Road, spanning Uttar Pradesh, Rajasthan, and Madhya Pradesh. Scheduled for completion in 910 days, the project will follow the DBFOT (Toll) model under the NH(O) scheme.
Stocks in news: Bajaj Auto, L&T, Bharti Airtel, Hindustan Zinc, Dr Reddy’s
Zydus Lifesciences said it has received final approval from the US health regulator to manufacture a generic version of Apalutamide tablets used in the treatment of prostate cancer
At least 37 dead after tornadoes, wildfires and dust storms wreak havoc across multiple US states
Severe weather including tornadoes, dust storms, and wildfires wreaked havoc across multiple U.S. states, resulting in at least 37 deaths. The National Weather Service indicated continued dangerous winds in several regions, while communities struggle with the aftermath amidst ongoing risks and recovery efforts.
Land for highways left unused for 5 years will be returned; govt's new rules aim to clear roadblocks
The Central government proposes returning unused land acquired for highway projects to original owners after five years and limiting compensation challenges to three months post-award announcement. Amendments aim to expedite land acquisition, involve multiple ministries, and enhance transparency in compensation determinations.
GR Infraprojects shares zoom 7% on bagging Rs 4,263 crore project from NHAI
Shares of GR Infraprojects rose by 6.9% as the company was selected for a Rs 4,263 crore project from NHAI, involving the construction and enhancement of the Agra-Gwalior Greenfield Road. The project spans three states and is expected to be completed in 910 days. Despite this, the company's shares have underperformed over the past year and three years.
Stocks in news: Dr Reddy’s, Shilpa Medicare, Voltas, TCS, Tata Motors
Domestic markets closed slightly lower last week amid mixed global cues. Shares of Dr Reddy’s, Shilpa Medicare, and Tata Motors will be in focus today due to major developments. GR Infraprojects emerged as the selected bidder for an NHAI project worth Rs 4,263 crore.
At least 33 dead as tornadoes ravage central US
At least 32 people were killed and dozens more injured as tornadoes and severe storms hit the central U.S. States like Kansas, Missouri, and Texas reported casualties, significant damage, and power outages. More tornadoes are expected in the central Gulf Coast states, with 200,000 homes and businesses already affected.
'This policy is here to stay': Bombay HC rejects plea challenging NHAI's implementation of FASTag
The Bombay High Court has upheld the mandatory use of FASTag for electronic toll collection and the imposition of double toll fees for vehicles without it. The court emphasized that this decision aims to ensure efficient road travel and dismissed claims of fundamental rights violation.
Delhi's border traffic woes may soon end: Here’s what you need to know
Delhi commuters may soon see relief from long traffic jams at city borders as the central government plans to relocate toll collection points. The National Highways Authority of India (NHAI) will push for toll booths to be moved away from main roads, while the Supreme Court may consider modifying its environmental charge collection rules. Additionally, an overhead gantry-based toll system could replace manual booths, easing congestion on major highways connecting Delhi with neighbouring NCR cities.
19,826 km roads constructed so far under Bharatmala: Nitin Gadkari
Union Minister Nitin Gadkari informed that 26,425 km of Bharatmala projects have been awarded, with 19,826 km constructed. High-speed corridors are enhancing logistics and travel efficiency. Smart technology and regular safety audits ensure road quality and safety in the National Highways development under the PM Gati Shakti initiative.
RVNL shares in focus after bagging Rs 554.64 cr worth project from NHAI
RVNL shares: The project entails building a 6-lane access-controlled road to Visakhapatnam Port, spanning from Sabbavaram to Sheelanagar junction and bypassing the Anakapalli-Anandapuram corridor.
National Highways Logistics Management to jointly develop multi-modal logistics park in Varanasi with Inland Waterways Authority of India
The 150-acre park will integrate with the Eastern Dedicated Freight Corridor through a 5.1 km railway line from Jeonathpur Station and National Waterway-1 and is located 30 km from Lal Bahadur Shastri Airport, the ministry of road transport and highways said in a statement on Tuesday.
Bengaluru: Traffic to be closed on elevated expressway for 7 hours – Check restriction timings, police advisory
No vehicles will be allowed on Electronics City elevated expressway from Wednesday, 11pm to 6am, until further notice. Maintenance work will start from the night of March 5. Traffic will be restricted on both sides of the elevated flyover. The expressway will be open for traffic from 6am till 11pm. Commuters should plan their journeys in advance.
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