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Cube Highways Trust set to procure 7 highway assets
Cube Highways Trust, managed by Cube Highways Fund Advisors, announced on Thursday its intention to acquire seven highway assets from Singapore-based Cube Highways and Infrastructure III and Cube Highways Infrastructure at an enterprise value of Rs 51.72 billion. The highway assets, comprising six hybrid annuity model (HAM) assets and one build-operate-transfer (BOT) asset, cover approximately 2,200 lane kilometres and are situated across Andhra Pradesh, Maharashtra, Telangana, and Tamil Nadu, as stated by Cube Highways Trust.
In a statement, Cube Highways Trust expressed, "Cube Highwa..
Telangana CM unveils Rs 1-trillion Musi riverfront plan
Chief Minister A Revanth Reddy announced the state government?s ambitious plan to revitalise the Musi riverfront, stating that Rs 1 trillion would be allocated for the project. He made this announcement while addressing a gathering at a street corner in Rajendranagar in support of Congress candidate G Ranjith Reddy for the Chevella Lok Sabha seat.
Revanth pledged to spearhead efforts to combat pollution in the area, thereby enhancing the land value. He outlined plans to develop Himayath Sagar and Osman Sagar, alongside transforming Vikarabad into a prominent tourist destination. Empha..
Bridge to the Future
A 40-year-old entity with roots in Delhi and a sprawling factory in Meerut, JCL Infra successfully launched a bowstring girder weighing around 540 Metric Tonne at the Manoharabad-Gajwel section of the Hyderabad Division of the South Central Railway, in Telangana. The launch of the girder, a vital component of bridge construction, was carried out with utmost precision and quality. The project took around seven months to execute. A stalwart in the infrastructure and steel fabrication industry, the company has carved a niche in executing infrastructure projects with specialisation in railway t..
Residents Sceptical of Sahastradhara Road Widening
Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.
The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..
Warburg Pincus Acquires Shriram Housing Finance
Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.
Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..
