Latest news with #Annuity
Indian Express
19 hours ago
- Business
- Indian Express
6-lane ring road in Odisha for Rs 8,307 crore gets Cabinet nod
The Union Cabinet Tuesday approved the construction of a 6-lane 111-km access-controlled ring road, also called Bhubaneswar Bypass, in Odisha. The project will be implemented on Hybrid Annuity Mode (HAM), a variant of Public-Private partnership, at a cost of `8,307 crore. The 6-lane ring road will start from Tangi and end at Rameshwar on NH-16. It will bypass cities like Khordha, Bhubaneswar and Cuttack, which see heavy traffic. NH-16 is part of the Golden Quadrilateral project and runs along the eastern coast connecting Kolkata and Chennai. Officials said since the NH passes through congested cities like Cuttack and Bhubaneswar, the ring road project was conceived to divert heavy commercial traffic away from these cities and enhance the efficiency of freight movement.
&w=3840&q=100)
Business Standard
09-07-2025
- Business
- Business Standard
G R Infraprojects share price rises 3% on securing order worth ₹1,248-crore
G R Infraprojects share price: G R Infraprojects share price rose as much as 3.19 per cent to hit an intraday high of ₹1,290.30 per share on Wednesday, July 9, 2025. At 1:20 PM, G R Infraprojects share price was trading 1.78 per cent higher at ₹1,272.60 per share. In comparison, BSE Sensex was trading flat with a positive bias at 83,715.76 levels. Why did G R Infraprojects share price rise today? G R Infraprojects share price increased after the company announced that its wholly-owned subsidiary, GR Varanasi Kolkata Highway Private Limited, has received a letter from the National Highways Authority of India (NHAI), dated July 8, 2025, declaring the appointed date for its highway project as July 1, 2025. The project involves the construction of a 6-lane Greenfield Varanasi–Ranchi–Kolkata Highway from Anarbansalea village to Sagrampur village (Km 151.200 to Km 184.700), covering a total length of 33.50 km. It falls under Package-7 of the Bharatmala Pariyojana and will be executed in Bihar on a Hybrid Annuity Mode (HAM). In an exchange filing, G R Infraprojects said, 'We are pleased to inform you that 'GR Varanasi Kolkata Highway Private Limited', a wholly-owned subsidiary of the company has received a letter dated July 8, 2025 from National Highways Authority of India (NHAI) declaring appointed date w.e.f. July 1, 2025 for the project 'construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Anarbansalea village to Sagrampur village (From KM. 151+200 to KM. 184+700, Pkg-7, Total Length = 33.50 Km) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode (Package-7)'.' The contract price is ₹1,248.37 crore, while the project is expected to be completed in 730 days from the Appointed Date. About G R Infraprojects G R Infraprojects Limited (GRIL) is a leading Indian infrastructure construction company with over 25 years of experience, primarily specialising in the development of roads and highways. Headquartered in Udaipur, Rajasthan, with a corporate office in New Delhi, the company operates across India and is gradually expanding into international markets. It follows an integrated project execution model, managing every phase from conceptualisation to completion, and is actively involved in Engineering, Procurement and Construction (EPC), as well as Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects. While the company's core strength lies in road infrastructure, designing and constructing highways, bridges, culverts, flyovers, and overbridges, it has also diversified into railway, metro, airport runway, and power transmission projects. Additionally, the company undertakes EPC projects in the optical fiber cable (OFC) sector and manufactures construction chemicals. The market capitalisation of G R Infraprojects is ₹12,360.99 crore, according to BSE. The company falls under the BSE 500 category.
Hindustan Times
01-07-2025
- Business
- Hindustan Times
Cabinet approves construction of 4-lane Paramakudi-Ramanathapuram NH section
New Delhi:The Union cabinet, headed by Prime Minister Narendra Modi, on Tuesday approved the construction of a four-lane Paramakudi—Ramanathapuram Section (46.7 km) in Tamil Nadu. The project will be developed in Hybrid Annuity Mode (HAM) and will cost ₹ 1,853 crore in total capital, Union minister of railways, information and broadcasting Ashwini Vaishnaw said during a media briefing. Union minister for information & broadcasting Ashwini Vaishnaw briefs the media on cabinet decisions in Delhi on Tuesday. (PTI) Currently, connectivity between Madurai, Paramakudi, Ramanathapuram, Mandapam, Rameshwaram, and Dhanushkodi is dependent on the existing two-lane National Highway 87 (NH-87) and associated State Highways, which experience significant congestion due to high traffic volumes, especially in densely populated stretches and key towns along the corridor, a government release said. 'To address these challenges, the project will upgrade approximately 46.7 km of NH-87 from Paramakudi to Ramanathapuram to a 4-lane configuration. This will decongest the existing corridor, improve safety, and cater to the mobility needs of rapidly growing towns such as Paramakudi, Sathirakudi, Achundanvayal and Ramanathapuram,' the government release added. The project alignment integrates with five major National Highways (NH-38, NH-85, NH-36, NH-536, and NH-32) and three State Highways (SH-47, SH-29, SH-34), providing seamless connectivity to key economic, social, and logistics nodes across southern Tamil Nadu. Additionally, the upgraded corridor will enhance multi-modal integration by connecting with two major railway stations (Madurai and Rameshwaram), one Airport (Madurai), and two minor ports (Pamban and Rameshwaram), thereby facilitating faster movement of goods and passengers across the region. Upon completion, the Paramakudi-Ramanathapuram section will play a pivotal role in regional economic growth, strengthening connectivity between major religious and economic centers, boosting tourism to Rameshwaram and Dhanushkodi, and opening new avenues for trade and industrial development. The project will also generate approximately 8.4 lakh person-days of direct and 10.45 lakh person-days of indirect employment, and will open new avenues of growth, development and prosperity in surrounding regions, the government release further said.
The Hindu
01-07-2025
- Business
- The Hindu
Union Cabinet approves four-lane Paramakudi - Ramanathapuram road project in Tamil Nadu
The Union Cabinet on Tuesday (July 1, 2025) approved the construction of four-lane Paramakudi - Ramanathapuram Section of NH-87 in Tamil Nadu at a cost of ₹1,853 crore. The project will be developed on Hybrid Annuity Mode (HAM) at a capital cost of ₹1,853 crore, I&B Minister Ashwini Vaishnaw said while briefing on the decisions taken at the Cabinet meeting. Currently, connectivity between Madurai, Paramakudi, Ramanathapuram, Mandapam, Rameshwaram and Dhanushkodi is dependent on the existing two-lane National Highway 87 (NH-87) and associated State Highways, which experience significant congestion due to high traffic volumes, especially in densely populated stretches and key towns along the corridor. To address these challenges, the project will upgrade approximately 46.7 km of NH-87 from Paramakudi to Ramanathapuram to a four-lane configuration, an official release said. This will decongest the existing corridor, improve safety, and cater to the mobility needs of rapidly growing towns such as Paramakudi, Sathirakudi, Achundanvayal and Ramanathapuram. Upon completion, the Paramakudi - Ramanathapuram section will play a pivotal role in regional economic growth, strengthening connectivity between major religious and economic centres, boosting tourism to Rameshwaram and Dhanushkodi, and opening new avenues for trade and industrial development. The project will also generate approximately 8.4 lakh person-days of direct and 10.45 lakh person-days of indirect employment, and will open new avenues of growth, development and prosperity in surrounding regions, the release said.
&w=3840&q=100)
Business Standard
01-07-2025
- Business
- Business Standard
Cabinet nod to 4-Lane Paramakudi-Ramanathapuram road project in Tamil Nadu
The Union Cabinet on Tuesday approved the construction of four-lane Paramakudi-Ramanathapuram Section of NH-87 in Tamil Nadu at a cost of Rs 1,853 crore. The project will be developed on Hybrid Annuity Mode (HAM) at a capital cost of Rs 1,853 crore, I&B Minister Ashwini Vaishnaw said while briefing on the decisions taken at the Cabinet meeting. Currently, connectivity between Madurai, Paramakudi, Ramanathapuram, Mandapam, Rameshwaram, and Dhanushkodi is dependent on the existing 2-lane National Highway 87 (NH-87) and associated State Highways, which experience significant congestion due to high traffic volumes, especially in densely populated stretches and key towns along the corridor. To address these challenges, the project will upgrade approximately 46.7 km of NH-87 from Paramakudi to Ramanathapuram to a 4-lane configuration, an official release said. This will decongest the existing corridor, improve safety, and cater to the mobility needs of rapidly growing towns such as Paramakudi, Sathirakudi, Achundanvayal and Ramanathapuram. Upon completion, the Paramakudi-Ramanathapuram section will play a pivotal role in regional economic growth, strengthening connectivity between major religious and economic centres, boosting tourism to Rameshwaram and Dhanushkodi, and opening new avenues for trade and industrial development. The project will also generate approximately 8.4 lakh person-days of direct and 10.45 lakh person-days of indirect employment, and will open new avenues of growth, development and prosperity in surrounding regions, the release said.
