IndiaRF announces Rs 555 cr investment for Thrissur expressway

22 Sep 2021 CW Team

Piramal Enterprises backed India Resurgence Fund (IndiaRF) has announced an investment of Rs 555 crore in Thrissur Expressway Ltd (TEL), a subsidiary of Hyderabad-based KMC Constructions Ltd, to complete the Thrissur-Wadakkanchery road, which is part of the national highway.

In order to complete the project, TEL plans to use the funds to restructure its existing debt and fund the last-mile portion.

TEL is a KMC special purpose vehicle that was created for the construction of the 28 km Thrissur-Wadakkanchery highway.

It is a section of the national highway that runs from Kochi to Salem in Tamil Nadu, passing through several important cities including Erode, Coimbatore, Palakkad, and Thrissur.

The National Highways Authority of India (NHAI) awarded the project to TEL in 2009 for widening the existing two-lane stretch to six lanes on a design, build, finance, operate, and transfer basis for a 20-year concession period.

According to Managing Director of IndiaRF, Shantanu Nalavadi, the investment will significantly improve connectivity between Kerala and Tamil Nadu, as well as create significant efficiency and savings for both commercial and passenger traffic.

The investment from IndiaRF comes at a crucial time for project completion, said Vikram Reddy, MD of KMC Constructions Ltd.

He cited that the company is confident in completing the last mile and opening the entire stretch as soon as possible in order to improve connectivity between towns and key states in South India.

Image Source

Also read: NHAI floats tender for Kanpur-Lucknow expressway project

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..