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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..