National Highway Builders Federation
Brakes have been put on mergers and acquisitions activity in the power and infrastructure space due to general elections. Earlier Infrastructure developers which were anxiously investigating for investors are now pushing negotiations waiting for elections as they suppose that a stable new government may increase their threadbare valuations. Conversely, the investors are going through deals [...] Continue Reading »
A final decision on the future of large road projects awarded by the UPA-II government including widening of the 555-km Kishangarh-Udaipur-Ahmedabad road bagged by GMR will depend upon the next government. The reason for this is that some developers will start project only if the National Highways Authority of India (NHAI) compensates them for the [...] Continue Reading »
New Delhi- Over Rs 15,000 crore of several infrastructure development firms has been locked up in the ongoing highway projects as the concerned officials are not ready to approve excess cost for projects even though the costs are legitimate. All such additional payments made over extra works and costs, which are permitted during road construction works, has [...] Continue Reading »
