Page 13 - Cube Highways News Today

ET Economy NEWS Powered by NHAI raises ₹600 crore more than the reserve price for TOT-5, Adani and DP Jain Infra set to bag contracts SECTIONS NHAI raises ₹600 crore more than the reserve price for TOT-5, Adani and DP Jain Infra set to bag contractsBy Share Synopsis Adani and DP Jain Infra, who quoted the highest price in the 5A-1 and 5A-2 packages last month, are now set to bag the respective bids. NHAI at it’s board meeting on Thursday disclosed the...

By Dhwani Pandya Dilip Buildcon Ltd., one of the top highway builders in India, expects revenue to double in the next 4-5 years on an infrastructure push by Prime Minister Narendra Modi’s government, Rohan Suryavanshi, the company’s head of strategy & planning, said in an interview with Bloomberg TV. “We should be looking at 15%-20% growth year-on-year, which will lead us to double our sales in next 4-5 years,” he said. “We should be looking at an increasing order book.” India annou...

Cube looks to sell 25% stake, explores InvIT Premium 2 min read Share Via Read Full Story Cube Highways, one of India’s largest private sector operators of toll roads, is looking to sell around 25% stake in the company and is also exploring an infrastructure investment trust (InvIT), said two people aware of the development. Citibank and JPMorgan are advising Singapore-based Cube Highways, which operates 27 highways totalling 8,400 lane km, the people said on condition of anonymity. Cube High...

The National Highways Authority of India (NHAI) has, however, not revealed the reserve price yet and the companies will bag the contracts only if their quotes are above the reserve price.

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HCC revenue grows 76% sequentially to Rs. 7822.3 cr Posted On: 2021-02-09 04:43:06 (Time Zone: Arizona, USA) HCC recorded Consolidated Gross Revenue of Rs. 2,416.9 crore for the quarter ended December 31, 2020, and Net Profit of Rs. 118.6 crore compared to Revenue of Rs. 2,363.8 crore and Net Profit of Rs. 223.3 crore in the corresponding period last year. With labour at various project sites reaching pre-Covid levels, the revenue for HCC E&C standalone picked up to Rs. 822.3 crore in Q3 F...

Cube Highways and Infrastructure I-D Pte Ltd (Cube Highways), a portfolio company of I Squared Capital, has entered into a concession agreement with the National Highways Authority of India (NHAI) to operate an 80-kilometre, four-lane toll road connecting Neelamangala and Devihalli in Karnataka. As part of the transaction, Cube Highways has replaced the former concessionaire, Lanco Devihalli Highways (LDHL), by incorporating a new SPV, Nelamangala Devihalli Expressway (NDEPL), pursuant to the...

Cube Highways and Infrastructure I-D Pte Ltd (Cube Highways), a portfolio company of I Squared Capital, has entered into a concession agreement with the National Highways Authority of India (NHAI) to

Cube Highways takes over 80-km Karnataka road stretch from Lanco Infra Cube Highways is a portfolio company of Isquared Capital, which is fully-owned by Abu Dhabi Investment Authority, and mostly invests in Indian roads and highways. PTI Infra Singapore-based Cube Highways & Infrastructure on Tuesday signed an agreement with the National Highways Authority of India (NHAI) to take over Neelamangala-Devihalli highway in Karnataka for an undisclosed am...

RInfra sold 74% equity stake in PKTCL to IndiGrid Our Bureau Mumbai January 9 | Updated on January 09, 2021 Transaction valued at ₹900 crore Reliance Infrastructure Limited (RInfra) has sold its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of ₹900 crore. RInfra owns 74 per cent in PKTCL located in the state of Himachal Pradesh and Punjab in joint venture with Power Grid Corporation of India Li...