Wider highways, tunnels, flyovers and land acquisition raised Bharatmala cost
ROADS & HIGHWAYS

Wider highways, tunnels, flyovers and land acquisition raised Bharatmala cost

Responding to reports that the Comptroller and Auditor General (CAG) in a latest audit report flagged huge cost overruns in the Dwarka Expressway project, a roads ministry official said the cost of high...

Responding to reports that the Comptroller and Auditor General (CAG) in a latest audit report flagged huge cost overruns in the Dwarka Expressway project, a roads ministry official said the cost of highway projects under India's Bharatmala programme has risen above initial estimates due to the construction of wider highways, tunnels, flyovers as well as more expensive land acquisition. They said the government had saved over 12 per cent in construction cost against estimates in awarding contracts of Urban Extension Road-II or Dwarka Expressway and would convey their comments on the issue to the CAG and whenever it came up for discussion in the Public Accounts Committee. The CAG had earlier said that the National Highways Authority of India's (NHAI) decision to go for an elevated carriageway on the Haryana portion of the Dwarka Expressway pushed up the construction cost to Rs.2,510 million per kilometre from `182 million per km as estimated earlier.The auditor also flagged irregularities in awarding of highway projects by NHAI and the National Highways and Infrastructure Development Corporation (NHIDCL) - the implementing agencies which develop centrally funded road projects.

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Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

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Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

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Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

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