NARCL Proposes Rs 270 Crore for Pink City Expressway

22 Jan 2024 CW Team

In a significant move, the National Asset Reconstruction Company (NARCL) has presented a proposal amounting to Rs 270 crore for the Pink City Expressway. The offer comes with recovery expectations pegged at 15%, indicating a positive stride toward financial recovery and resolution in the realm of road infrastructure.

The proposal from NARCL reflects efforts to address financial challenges associated with the Pink City Expressway project, contributing to the broader goal of resolving distressed assets in the infrastructure sector. The recovery estimate of 15% suggests a substantial effort to mitigate losses and rehabilitate the financial health of the project.

As stakeholders analyse the proposal, attention will be directed towards its potential impact on the financial ecosystem of road infrastructure projects. The involvement of NARCL signals a strategic move to address non-performing assets and infuse stability into the sector, aligning with larger initiatives to revive distressed infrastructure assets in the country.

The Pink City Expressway, being a crucial infrastructure project, stands to benefit from the financial resolution proposed by NARCL, offering a pathway for restructuring and sustainable development. The outcome of these deliberations holds implications not only for the specific project but also for the broader landscape of road infrastructure financing and recovery mechanisms in India.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..