Cube Highways takes over another project

14 Jan 2021 CW Team

Singapore-based Cube Highways and Transport Assets Advisors Pvt Ltd, India's largest portfolio to toll roads, has signed an agreement with the National Highways Authority of India (NHAI) to take over the Nelamangala-Devihalli highway in Karnataka for an unknown amount. The project was operational under the now crippled Lanco Infratech Ltd, said Cube Highways.

Apart from diversifying traffic flow, the deal further expands Cube Highways' geographic presence in the South.

As a part of the transaction, Cube Highways substituted the former concessionaire Lanco Devihalli Highways (LDHL), by incorporating a new Special Purpose Vehicle (SPV), Nelamangala-Devihalli Expressway (NDEPL), pursuant to the substitution rights of senior lenders in the concession agreement.

The 80 km, four-lane stretch, Nelamangala-Devihalli Expressway links Bengaluru to Mangaluru and has seen a robust recovery in traffic and daily revenue after the lockdowns were lifted.

The project had been operational since June 2012, after being awarded as a 25-year concession after competitive bidding in 2008 for strengthening and widening the two-lane highway to a four-lane one.

Image Source

Infrastructure Urban

29 May 2026

GP Petroleums Q4 PAT Rises 8%

GP Petroleums reported an 8 per cent rise in PAT to Rs 9.3 crore in Q4FY26, compared to Rs 8.6 crore in Q4FY25. Revenue from operations stood at Rs 163 crore, compared to Rs 183 crore in the corresponding quarter last year.EBITDA for Q4FY26 increased to Rs 14.7 crore from Rs 13.2 crore in Q4FY25, while EBITDA margin improved to 9 per cent from 7 per cent. The company said its performance was supported by operational efficiencies, strong customer relationships and an expanding product portfolio.For FY26, revenue from operations rose 5 per cent to Rs 643 crore, compared to Rs 610 crore in FY25. ..

Ramky Infra Order Book Crosses Rs 13,000 Crore

Ramky Infrastructure reported a resilient FY2026 performance, supported by disciplined execution, cost efficiency and fresh order wins. The company secured new orders worth Rs 4,500 crore during Q4, taking its total order book above Rs 13,000 crore as of 31 March 2026.Consolidated PAT grew 40 per cent year-on-year to Rs 283 crore in FY2026, compared to Rs 202 crore in FY2025. Standalone PAT rose 28 per cent to Rs 332 crore, while consolidated revenue from operations stood at Rs 1,846 crore. Standalone revenue from operations was Rs 1,679 crore.During the year, the company secured orders worth ..

Tembo Global FY26 Revenue Rises 46.7%

Tembo Global Industries reported strong consolidated results for Q4 and FY26, supported by growth in its engineering solutions business. Revenue from operations rose 46.7 per cent year-on-year to Rs 1,090.2 crore in FY26, while Q4 revenue grew 26.3 per cent to Rs 346 crore.EBITDA for FY26 increased 55.4 per cent to Rs 142.5 crore, with margins expanding to 13.1 per cent. PAT grew 79.7 per cent to Rs 98.2 crore, while PAT margin improved to 9.0 per cent. In Q4 FY26, PAT rose 93.3 per cent year-on-year to Rs 30.1 crore.The company said its engineering segment remained the key growth driver, supp..