Funds worth Rs 5,000 crore will be raised by IRB Infrastructure Development in order to complete its road projects in Maharashtra and Haryana. The two projects include four-lane roads of NH-211 in Maharashtra worth Rs 558 crore and four-lane roads of the NH-15265 in Haryana worth Rs 234 crore.
The use of manpower to lift and load at construction sites is a thing of the past. Stiff timelines necessitating double or treble shifts and the need to enhance productivity, create safer working environments, and work in restricted job sites are firming up demand for cranes.
Construction work on the Hyderabad metro rail will start shortly as L&T Hyderabad Metro Rail, a subsidiary and special purpose vehicle of L&T Infrastructure Development Projects, has achieved financial closure for the project. Hyderabad Metro Rail will start handing over land to L&T in a phased manner.
A proposed JV between Khazanah and Infrastructure Development Finance Co intends to set up a dedicated infrastructure development company with a focus on the road sector in India. It is proposed that IDFC will initially hold 19.9 percent and Khazanah, 80.1 percent of the equity share capital of the proposed JV
While the CONSTRUCTION WORLD Annual Awards focussed on the race for infrastructure development in terms of cost, technology and manpower, Shriyal Sethumadhavan went behind the scenes to grab some quick bytes from industry head honchos.