Adani Enterprises has won a Rs 15.46-billion project from National Highways Authority of India (NHAI) for building a stretch of NH-16 in Andhra Pradesh under Bharatmala Pariyojana.
The National Highways Authority of India (NHAI) has accomplished construction of 3,979 km of national highways in the financial year 2019-20.
The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.
Need for better infrastructure is always the top priority of any country. India is no different as the quest for superior infrastructure continues with many large-scale projects coming up.
Rating agency ICRA estimates a stable outlook for the construction sector in India, supported with strong order inflow in the last couple of years and a huge pipeline of projects to be awarded in the infrastructure segment.
Rs 1.2 trillion investment in roads and highways; extension of 3.17 lakh km of rural roads; 35,000 km highway construction under Bharatmala Pariyojana scheme- it seems that there is a lot slated to happen in the coming years in rural roads and highways.
KNR Constructions has won a Rs 1,021-crore highway project from National Highways Authority of India (NHAI) in Tamil Nadu. The company has secured its first Hybrid Annuity Project (HAM) with bid project cost of Rs 1,020.60 crore from NHAI for the work of four-laning of Trichy to Kallagam section of NH-227.
Infrastructure 2.0 is a movement to address issues with today's core network infrastructure in a customer's construction site to address the dynamic, automated nature of operation models like cloud computing, data center visualisation, IoT and usage of drones to keep site operations safe, secure, highly productive and efficiently managed.
Infrastructure development has always been on top of the agenda for our country. Every government has given due importance for the development of infrastructure facilities such as roads, railways, ports, airports, and industrial infrastructure of the country.
The Indian infrastructure sector is not slowing down anytime soon, given the government initiatives and market demand. This makes it a feasible environment for the growth of construction equipment, writes Andy Dhanaraj, Director - Sales, Caterpillar India.
Infrastructure development has been one of the top priorities of the Union Budget 2018-19 presented by the Finance Minister Arun Jaitely in Parliament on February 1. Major investments and allocations are in roads, railways and rural development including agriculture and rural economy. Urban infrastructure development has also received a boost with the allocation for Smart Cities mission.