Madhav Infra Jumps 9 per cent After Winning Rs 3.24B NHAI Highway Project
Madhav Infra Projects surged 9.22 per cent to Rs 12.79 after securing a Rs 3.23 billion highway project from the National Highways Authority of India (NHAI). The project involves four-laning a 10.08-km stretch from Rahatgarh to Berkhedi in Madhya Pradesh under hybrid annuity mode, with completion expected in 730 days.Madhav Infra, active in infrastructure and solar power, reported a 75.3 per cent rise in Q3 FY25 standalone net profit to Rs 38.4 million, with revenue up 59.8 per cent at ₹1.28 billion. Its market cap stood at Rs 3.42 billion as of 9 April 2025. ..
NBCC to Build Educational Projects Worth Rs 646 Million Across Three States
NBCC (India) Ltd is set to start construction of three educational institutions across Delhi, Hyderabad, and Odisha. These projects, collectively, will be worth Rs 646.5 million, with a hostel in Delhi’s Mandoli district being the most expensive, at Rs 296.5 million. The remaining expenses are for work at NALSAR University of Law in Hyderabad (Rs 180 million), and Dhamnagar College in Bhadrak, Odisha (Rs 170 million).These projects reflect NBCC’s increasing presence in educational infrastructure development, which is a departure from their traditional operations. These projects in particul..
Maharashtra Plans Water Metro for Mumbai with Kochi’s Help
The Maharashtra government is planning a water metro project in Mumbai, with assistance from Kochi Water Metro, which has been asked to prepare a detailed project report (DPR). Ports Minister Nitesh Rane confirmed that the DPR is expected by the end of April, and a special purpose vehicle (SPV) will be formed with a fifty-fifty equity partnership with the Union government.Mumbai, built on seven islands, has long underused its waterways. The water metro aims to ease pressure on roads and suburban railways, offering battery-powered ferry services across the Mumbai Metropolitan Region (MMR). Prop..
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