NIIF buys out Jammu Udhampur Highway

04 Aug 2022 CW Team

On August 2, the National Investment and Infrastructure Fund (NIIF) paid $290 million for a 100 per cent equity investment in the SP Jammu Udhampur Highway owned by the Shapoorji Pallonji Group through the NIIF Master Fund.

The project was developed under a Build-Operate-Transfer (Annuity) basis from the National Highways Authority of India (NHAI). The NHAI makes regular, semi-annual payments to the project, delivering consistent and dependable cash flows.

The 64.5 km long, four-lane Jammu Udhampur Highway, which has a 1.4 km twin-tube tunnel segment, improves accessibility to the Vaishno Devi temple.

Afcons Infrastructure, a division of SP Group, took on the project's sophisticated engineering construction in difficult steep terrain amid adverse weather circumstances.

With the addition of four assets, the fund's road portfolio now has a total annual revenue rate of more than $170 million, according to a statement from NIIF

Infrastructure Urban

31 Oct 2025

CMPDI installs bio-toilets to boost sanitation and hygiene

The Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India Limited under the administrative control of the Ministry of Coal, has installed six modern bio-toilets equipped with bio-digesters and water tanks across various locations in Ranchi. The initiative was carried out under the ongoing Special Campaign 5.0, underscoring CMPDI’s commitment to cleanliness and sustainable sanitation. This effort forms part of a nationwide drive to enhance hygiene standards and improve efficiency in public offices. It aligns with the Government of India’s Swachh Bharat Mission and ..

PM Modi unveils Rs 12.19 billion projects in Kevadia

Prime Minister Shri Narendra Modi inaugurated and laid the foundation stones for development projects worth Rs 12.19 billion in Kevadia on the eve of Sardar Vallabhbhai Patel’s 150th birth anniversary. The projects include the Birsa Munda Bhavan—an iconic centre dedicated to Bhagwan Birsa Munda—a residential complex for GSEC and SSNNL employees, the first phase of the hospitality district, and a Bonsai Garden. During the visit, the Prime Minister also flagged off a fleet of electric buses in Kevadia, an initiative aimed at providing comfortable and sustainable transport facilities for v..

New metro link to connect Delhi airport’s T1 and T3

A new metro station will be part of the upcoming Golden Line to provide direct connectivity between Delhi airport’s Terminal 1 (T1) and Terminal 3 (T3), a senior official confirmed. Among the three terminals at the Indira Gandhi International Airport, Terminals 2 and 3 are located close to each other, while Terminal 1 lies a few kilometres away. In an interview with PTI, Delhi International Airport Ltd (DIAL) CEO Videh Kumar Jaipuriar said that the new integrated station is being planned to link Aerocity with Terminal 1. “The Golden Line was earlier planned to terminate at Aerocity. We h..