Uttar Pradesh Chief Minister Yogi Adityanath has directed officials to ensure the timely completion of the Ganga Expressway, connecting Meerut with Prayagraj, by December 2024. This announcement came during a high-level meeting where the Chief Minister reviewed the progress of ongoing expressway projects, as well as the development of the industrial and defense corridors in the state., India News, Times Now
NHAI s Asset Monetisation Auction Attracts Global Investors For Longest Single Highway Acquisition swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Several investors, including KKR, CDPQ, Cube Highways, and IRB Infrastructure Developers, have shown interest in acquiring a 361 km-long highway asset under ToT 12 auctions by the National Highways Authority of India (NHAI). The bids for NH26 s Lalitpur-Lakhnadon stretch in Madhya Pradesh have been submitted and await technical evaluations. Meanwhile, the 82 km-long Allahabad Bypass has received only one bid from Cube Highways under the ToT 11 auction.
Maharashtra Scooters has topped the list of Indian companies with the highest EBITDA margins of at least 50% in FY23. The company reported an EBITDA margin of 89.5% with 11.5% growth in sales and 36.84% profit growth in the same year. Other companies in the list include SJVN, Nesco, Adani Green Energy, The Phoenix Mills, Gujarat Pipavav Port, among others. Analysts predict sustained earnings growth in sectors such as autos and cement due to falling input commodity costs. However, most sectors saw downgrades during the Q4 results season.