Latest news with #HighwaysInfrastructureTrust
Time of India
6 days ago
- Business
- Time of India
PNC Infratech has executed over 90 major infra projects: CMD Pradeep Kumar Jain
PNC Infratech has executed over 90 major infrastructure projects in the country including roads, highways, expressways and bridges, the company's CMD Pradeep Kumar Jain said. Jain shared the update on projects in a letter to stakeholders on the occasion of completing 10 successful years since its listing on stock exchanges. Jain said till now, the company has executed over 90 major infrastructure projects spread across 13 states, including roads, highways, expressways, bridges, flyovers, airport runways and other pavements and industrial area development projects. In the period from FY 2015 to FY 2024, the revenue has grown from Rs 1,561 crore to Rs 7,699 crore, at a CAGR of 19.4 per cent. On the profitability front, the company's EBITDA has grown from Rs 217 crore to Rs 1,277 crore a CAGR of 21.8 per cent, and profit after tax has grown from Rs 100 crore to Rs 850 crore at CAGR of 26.8 per cent (in the period from FY 2015 to FY 2024). Live Events On May 23, PNC Infratech announced it has completed the stake sale in 10 of the company's road assets to Highways Infrastructure Trust (HIT). Highways Infrastructure Trust (HIT) is an Infrastructure Investment Trust (InvIT), whose sponsor is affiliated with funds, vehicles. This divestment is aligned with the company's strategic objective of recycling the capital invested in operating road assets and reinvesting the capital in fund-based opportunities in the infrastructure space, it added. In January 2024, it executed definitive agreements with HIT to divest 12 of its road assets, comprising 11 National Highway (NH) Hybrid Annuity Model (HAM) assets and 1 State Highway BOT Toll asset with approximately 3,800 lane-km aggregate length, located in Uttar Pradesh, Madhya Pradesh, Karnataka, and Rajasthan, in two tranches.
Time of India
23-05-2025
- Business
- Time of India
PNC Infratech completes stake sale in 10 road assets
PNC Infratech on Friday said it has completed the stake sale in 10 of the company's road assets to Highways Infrastructure Trust (HIT). Highways Infrastructure Trust (HIT) is an Infrastructure Investment Trust (InvIT), whose sponsor is affiliated with funds, vehicles. According to the company's statement, sold projects include -- PNC Rajasthan Highways Pvt Ltd, PNC Chitradurga Highways Pvt Ltd, PNC Aligarh Highways Pvt Ltd, PNC Bundelkhand Highways Pvt Ltd, PNC Khajuraho Highways Pvt Ltd, PNC Triveni Sangam Highways Pvt Ltd, PNC Bithur Kanpur Highways Pvt Ltd, PNC Gomti Highways Pvt Ltd, PNC Unnao Highways Pvt Ltd and PNC Meerut Haridwar Highways Pvt Ltd. This divestment is aligned with the company's strategic objective of recycling the capital invested in operating road assets and reinvesting the capital in fund-based opportunities in the infrastructure space, it added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Time Could You Save with Clearer Writing? Grammarly Install Now Undo In January 2024, it executed definitive agreements with HIT to divest 12 of its road assets, comprising 11 National Highway (NH) Hybrid Annuity Mode (HAM) assets and 1 State Highway BOT Toll asset with approximately 3,800 lane-km aggregate length, located in Uttar Pradesh, Madhya Pradesh, Karnataka, and Rajasthan, in two tranches.
Hindustan Times
12-05-2025
- Automotive
- Hindustan Times
NGO implements safety measures on 15 high-risk spots on Mumbai-Pune highway
Mumbai: To reduce accident risk and increase safety on the old Mumbai-Pune Highway, SaveLIFE Foundation, in collaboration with the Maharashtra State Road Development Corporation Limited (MSRDC), the Maharashtra Highway Police and the Highways Infrastructure Trust, initiated implementation of road safety measures on May 7. The measures are to be implemented at 15 fatality-prone locations along the section of NH-48 (Old Mumbai- Pune Highway). The initiative is part of SaveLIFE's Zero Fatality Corridor project that was started in 2018 for enhancing road engineering and emergency response to tackle the root causes of accidents and fatalities. According to Highway police statistics, Mumbai-Pune highway witnessed 88 fatalities in 2024. A detailed assessment of road conditions was conducted through a combination of field surveys and data analysis by SaveLife Foundation. They identified high-risk or critical locations that pose a threat of road crashes or unsafe traffic behaviour. Following the analysis, targeted road engineering solutions known as safety treatments, were rolled out to tackle the root causes of accidents and crashes. These include better signage, speed-calming measures, improved visibility, safer infrastructure for pedestrians and redesigned junctions aimed at preventing collisions and saving lives. Dr Zafar Khan, executive director and joint CEO of Highways Infrastructure Trust said, 'Maharashtra recorded over 15,000 road crash fatalities last year, the majority of them on highways—a stark reminder of the urgent need for systemic interventions.' He further added that as part of our commitment to safer roads for all, Highways Infrastructure Trust has partnered with SaveLIFE Foundation to implement targeted safety measures along a high-risk stretch of the Old Mumbai- Pune Highway. 'Together, we are introducing speed-calming measures, improving pedestrian crossing visibility, and reinforcing lane discipline, with an aim to reduce fatalities on the corridor by 20 to 30 percent over the coming years. We believe that road safety must be engineered by design and are confident that this collaborative model will deliver measurable, replicable impact,' he said. The Highway police also took enforcement measures to improve compliance with traffic laws by preventing violations and encouraging safer road user behaviour. Piyush Tewari, Founder and CEO of SaveLIFE Foundation, said: 'This initiative demonstrates what is possible when data, engineering, and strong partnerships come together for road safety. We are grateful to the MSRDC, Maharashtra Highway Police and Highways Infrastructure Trust for helping us implement life-saving solutions on one of Maharashtra's busiest highways.'
Deccan Herald
07-05-2025
- Automotive
- Deccan Herald
15 high-risk spots made safer on Old Mumbai-Pune Highway
Mumbai: SaveLIFE Foundation in collaboration with the Maharashtra State Road Development Corporation (MSRDC) Ltd Maharashtra Highway Police, and Highways Infrastructure Trust, has implemented road safety treatments at 15 fatality-prone locations along the Old Mumbai-Pune Highway section of NH-48 to significantly reduce crash initiative, which is part of SaveLIFE's Zero Fatality Corridor programme, prioritised interventions in road engineering, enforcement and emergency response to tackle the root causes of crashes and fatalities. The highway section saw 88 fatalities in part of this initiative, a detailed assessment of road conditions was conducted through a combination of field surveys and data analysis. This helped in identifying high-risk or critical locations that were contributing to road crashes or unsafe traffic the in-depth analysis, targeted road engineering solutions — known as safety treatments — were rolled out to tackle the root causes of crashes. These included better signage, speed-calming measures, improved visibility, safer pedestrian infrastructure, and redesigned junctions aimed at preventing collisions and saving Zafar Khan, Executive Director and Joint CEO, Highways Infrastructure Trust, said: 'Maharashtra recorded over 15,000 road crash fatalities last year, majority of them on highways—a stark reminder of the urgent need for systemic interventions. As part of our commitment to safer roads for all, Highways Infrastructure Trust has partnered with SaveLIFE Foundation to implement targeted safety measures along a high-risk stretch of the Old Mumbai- Pune Highway. Together, we are introducing speed-calming measures, improving pedestrian crossing visibility, and reinforcing lane discipline, with an aim to reduce fatalities on the corridor by 20 to 30 percent over the coming years. We believe that road safety must be engineered by design and are confident that this collaborative model will deliver measurable, replicable impact.'Along with the engineering interventions, enforcement measures were also initiated with the help of the state authorities. Enforcement measures were designed to improve compliance with traffic laws by preventing violations and encouraging safer road user Tewari, Founder and CEO of SaveLIFE Foundation, said: 'This initiative demonstrates what is possible when data, engineering, and strong partnerships come together for road safety. We are grateful to the MSRDC, Maharashtra Highway Police and Highways Infrastructure Trust for helping us implement life-saving solutions on one of Maharashtra's busiest highways.'
