logo
Teynampet-Saidapet flyover is TN's costliest at Rs 195 crore per km

Teynampet-Saidapet flyover is TN's costliest at Rs 195 crore per km

Soil stabilisation, utility relocation jacked up cost
Following the awarding of contract in November-December 2023, civil works of the project, executed by J Kumar Infraprojects, began in January 2024.
The new four-lane elevated corridor aims to reduce the travel time between Teynampet and Saidapet on Anna Salai from 40 minutes to just 10 minutes, while easing congestion at seven key intersections — Eldams Road, SIET College Road, Cenotaph Road, Nandanam, CIT Nagar, CIT Nagar 1st Main Road (towards T Nagar), and Jones Road. This section of the arterial Anna Salai handles 2.45 lakh passenger car units per day.
A senior highways official attributed the high cost of the Teynampet-Saidapet project to several critical factors such as soil stabilisation challenges requiring micro-piling (since shallow foundations prevented conventional piling), extensive utility relocations in a densely-congested area, and advanced construction techniques to minimise pillar loads and safeguard the underground metro tunnel. 'Soil stabilisation was achieved using geosynthetic materials like geogrids and geocells, among other solutions,' stated an official document released by the state highways department.
The Teynampet-Saidapet metro line runs 17-18 metres beneath Anna Salai. The highways have drilled up to 7 metres from the road surface to lay the flyover's foundation. The elevated road spans 2.4 km directly above the metro line, including 460 metres over the Nandanam and Teynampet stations, and 655 metres along the non-metro stretch (excluding entry and exit ramps). In total, 69 pillars are being erected above the metro line, 22 on the non-metro stretch, and 41 portal frames covering the 460 metres over the two stations. As of July, about 30% of the work has been completed, according to official documents.
Industry sources said NHAI projects, typically executed under Public-Private Partnership (PPP) mode, are usually more expensive than state highways projects, which are entirely government-funded. 'The estimation of state highways and NHAI projects are arrived at with an anticipation that materials, labour and other expenses will go up by 5% to 7% every year. By all measures, the cost of the state highways project ought to be lower than that of the NHAI unless it's being executed under exceptional conditions,' sources added.
Even after accounting for inflation and price escalation, the proposed 18.5 km six-lane elevated corridor between Kilambakkam and Maraimalainagar, with entry and exit ramps at three locations, is estimated to cost Rs 3,450 crore, averaging Rs 188 crore per km. Likewise, two upcoming six-lane elevated corridor projects of NHAI – from Maduravoyal to Outer Ring Road and from ORR to Sriperumbudur, scheduled for award in 2025-26 – are projected to have an average cost of Rs 160 cr/km.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

As IRFC shares sink 50% from peak, why scaling crucial resistance could be a tall order?
As IRFC shares sink 50% from peak, why scaling crucial resistance could be a tall order?

Economic Times

time8 minutes ago

  • Economic Times

As IRFC shares sink 50% from peak, why scaling crucial resistance could be a tall order?

Shares of Indian Railway Finance Corporation (IRFC) remain off track despite double-digit growth in Q1 net profit. The stock has fallen 3% since the results, extending a broader downtrend — 30% over the past year and nearly 50% from its 52-week high. Technical charts point to a weak setup, with the recent slip below the crucial Rs 130 mark turning it into a stiff resistance. Experts caution that reclaiming this level could be a tall order for the railway PSU stock. ADVERTISEMENT IRFC's underperformance has ensured that the stock trades below its 50-day and 200-day simple moving averages (SMAs) of Rs 134.3 and Rs 136.4, respectively. Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking said that IRFC shares are currently trading in an oversold territory and he sees the chart structure largely weak. While the stock finds support at Rs 124 while the resistance at Rs 130. Echoing similar sentiments, Anuj Gupta, Director at Ya Wealth Global Research said that the overall trend of IRFC is looking weak and stock is looking down. Gupta said that only if the stock is able to sustain above 130 levels, a fresh buying would happen for the targets of Rs 138 and next target is Rs 145 reported a net profit of Rs 1,746 crore versus Rs 1,577 crore in the year ago period. The total revenue from operations stood at Rs 6,915 crore, rising 2% over Rs 6,766 crore in the corresponding quarter of the last financial year. Also Read: IRFC Q1 Results: PAT rises 11% YoY to Rs 1,746 crore; co hits highs in quarterly profit, income ADVERTISEMENT IRFC has breached the previous a stop loss of Rs 130 suggested by analyst Drumil Vithlani, Technical Research Analyst who had recommended investors to avoid fresh long positions Unlock 500+ Stock Recos on App IRFC, which is the dedicated financing arm of the Indian Railways for mobilising funds from domestic as well as overseas capital markets, had a lackluster Q4FY25 earnings. The company had reported a net profit of Rs 1,682 crore which was a decline of 2% over Rs 1,717 crore in the year ago period. ADVERTISEMENT Also Read: Rekha Jhunjhunwala portfolio: 12 stocks log double-digit gains, 1 microcap shines with 43% return in FY26 so far IRFC's underperformance mirrors the lacklustre trend across railway stocks, once considered the darlings of retail investors. Stocks like Rail Vikas Nigam Limited (RVNL), Indian Railway Catering And Tourism Corporation (IRCTC), Titagarh Rail Systems, Jupiter Wagons, RITES and Container Corporation of India (CONCOR) have plunged between 22% and 43% over a one year period, hinting at a bear stranglehold. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)

‘Nonsensical policies': Pune restaurant charges extra from customers for wasting food, viral post sparks debate
‘Nonsensical policies': Pune restaurant charges extra from customers for wasting food, viral post sparks debate

Indian Express

time8 minutes ago

  • Indian Express

‘Nonsensical policies': Pune restaurant charges extra from customers for wasting food, viral post sparks debate

Over-ordering at restaurants often leads to food wastage, much of which ends up in the bin. To reduce this growing problem, a South Indian restaurant in Pune has introduced a Rs 20 penalty for customers who waste food. However, the post has sparked a debate over the quality of food. According to the viral post, the aim behind this move is to promote mindful ordering to reduce food wastage. Sharing the post, X user Ronita posted a photo of the restaurant's handwritten menu. It mentions the extra charge for wasting food at the bottom. 'You will be charged 20 (Rs) extra for wasting food,' the text on the white board read. In the caption, the user wrote, 'A hotel in Pune is charging Rs 20 extra if you waste food. Every restaurant should do the same, weddings and functions should start charging fines too!' See the post here: A hotel in Pune is charging ₹20 extra if you waste food. Every restaurant should do the same, weddings and functions should start charging fines too! — Ronita (@rons1212) August 13, 2025 The post quickly drew attention, prompting a range of reactions. A section of users hailed the restaurant's initiative, with one commenting, 'Good step. There should be penalty on food wastage.' 'I liked the concept of RSVP. Unfortunately I have never seen this in India. People just keep calling every other person to the wedding- like you have to come. No one asks whether they will come or not. With such inputs the food wastage can be mitigated to a certain extent as the prediction of guests is has now better margin for error,' another user commented. 'What if the food is not edible or doesn't suit my taste? I wouldn't know it beforehand for sure. Can I charge them twenty rupees for failing to satisfy my requirement? Not supporting food wastage but opposed to nonsensical policies,' a third user said.

Aditya Infotech shares rise over 2% after 46% YoY surge in Q1 PAT
Aditya Infotech shares rise over 2% after 46% YoY surge in Q1 PAT

Time of India

time8 minutes ago

  • Time of India

Aditya Infotech shares rise over 2% after 46% YoY surge in Q1 PAT

Aditya Infotech reported a strong set of numbers for Q1FY26, posting a 46% year-on-year jump in profit after tax (PAT) at Rs 32.88 crore, compared with Rs 22.51 crore in the year-ago quarter. Revenue from operations rose 16.3% YoY to Rs 740.03 crore from Rs 636.02 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Aditya Infotech listing Shares of Aditya Infotech , operator of CCTV camera brand CP-Plus, rose 2.6% to an intraday high of Rs 1,140.45 apiece on the BSE on Wednesday after the company reported its first-ever quarterly earnings since listing. Aditya Infotech posted a sharp 46% year-on-year (YoY) rise in profit after tax (PAT) at Rs 32.88 crore for the quarter ended June 30, 2025, compared to Rs 22.508 crore in the same quarter last from operations stood at Rs 740.03 crore, up 16.3% YoY against Rs 636.02 crore reported in the June 2024 quarter. Total income rose to Rs 744.043 crore, compared to Rs 639.33 crore in the year-ago a sequential basis, however, the company reported a decline. PAT fell to Rs 32.88 crore from Rs 54.96 crore in the March 2025 quarter, marking a 40.2% quarter-on-quarter (QoQ) revenue from operations also dipped from Rs 977.43 crore in the previous quarter, showing a 24.3% QoQ company ended FY25 with total revenue from operations of Rs 3,111.87 crore and a full-year PAT of Rs 351.37 a blockbuster subscription, shares of Aditya Infotech made a strong debut and were listed at a 50.8% premium over the IPO price earlier this month. The stock had opened at Rs 1,018 on the BSE and Rs 1,015 on the Infotech, the country's largest video surveillance products company under the CP Plus brand, has an extensive presence across more than 550 cities and towns, supported by a strong distribution network of over 1,000 distributors and 2,100 company's portfolio includes smart home IoT cameras, AI-driven security solutions, and advanced industrial surveillance of Aditya Infotech closed 1.8% higher at Rs 1,111.10 on the BSE on Tuesday.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store