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Maharashtra toll road project

PWD seeks Maharashtra government’s approval to buy back 30 toll roads across the state

PWD seeks Maharashtra government’s approval to buy back 30 toll roads across the state
The Public Works Department (PWD) has recently placed a formal proposal before the Maharashtra state government for buying back 30 two-lane toll roads across the state. The toll roads which have been considered in the proposal essentially include those roads where only up to 3 years of toll collection have been left. If the ‘toll [...] Continue Reading »

Maharashtra toll road project boosts IRB Infra shares

Maharashtra toll road project boosts IRB Infra shares
The company was selected as the preferred bidder to develop and run a toll road project worth Rs 3,200 crore ($528.45 million) in Maharashtra. As a result, Shares in IRB Infrastructure Developers Ltd gained as much as 3.8 percent in intraday trade. Macquarie started coverage on the stock with an “outperform” rating and a target [...] Continue Reading »



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