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Cube InvIT declares Rs 2 DPU for Q2, distributes Rs 2.58 bn
Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, announced a Distribution Per Unit (DPU) of Rs 2 for ordinary unit holders in the September quarter.
For the April-September period, Cube InvIT reported a total consolidated income of Rs 15.15 billion, with a consolidated Earnings Before Interest, Taxes, Depreciation (EBITDA) of Rs 9.18 billion.
Pankaj Vasani, the CFO of Cube InvIT group, expressed satisfaction with the ongoing positive momentum, stating, "We are pleased that the positive momentum continues and Q2 distribution is on track."
Accordi..
India Makes History: 100 km road constructed in 100 hours
According to a statement from the Ministry of Road Transport & Highways, India has achieved a historic milestone by completing a 100-kilometer section of the Ghaziabad-Aligarh Expressway using bituminous concrete in just 100 hours.
The road was constructed by Ghaziabad Aligarh Expressway, a Special Purpose Vehicle (SPV) established by Cube Highways Trust, in collaboration with the EPC contractor Larsen & Toubro.
Nitin Gadkari, the Minister of Road Transport and Highways, highlighted the significance of the Ghaziabad-Aligarh segment of NH34, which spans 118 kilome..
Noida Authority's Road Repair Initiative
The Noida Authority has announced plans to undertake a comprehensive road repair and resurfacing initiative to address the deteriorating condition of roads in the city. This strategic move aims to improve the quality of transportation infrastructure and enhance the commuting experience for residents and commuters.
The road repair and resurfacing project will involve repairing potholes, patching damaged sections, and resurfacing roads to ensure smoother and safer travel for vehicles and pedestrians. The initiative comes in response to widespread concerns over the poor condition of roads,..
