For 2 NHAI projects of Rs 16.13 bn in Karnataka, GR Infra bid lowest

30 Mar 2023 CW Team

GR Infraprojects Ltd said that it had won two NHAI projects for Rs 16.13 billion by submitting the lowest proposal. The financial bids were opened on March 28, 2023, according to a BSE filing by GR Infraprojects. “The National Roads Authority of India (NHAI) requested bids for the following projects, and our company has emerged as an L1 bidder in a financial bid," the statement said.

Out of the two projects won by GR Infraprojects, one is worth Rs 8.97 billion and will be built as a 4/6 lane bypass in Karnataka using HAM (hybrid annuity mode) package 1. The project must be finished within 912 days after the designated date. The second HAM project in Karnataka, which consists of four lanes with paved shoulders, is worth Rs 7.16 billion and must be completed within 730 days from the appointment date.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..