Page 25 - Cube Highways News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 reserve price for TOT-5. The authority received bids worths ₹2,252 crore, against a reserve price...

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 announced the highest ever outlay of 1.18 trillion rupees ($16 billion) for the development of highways a...

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 Highways counts private equity firm I Squared Capital, International Finance Corp. (IFC), Abu Dhabi Inve...

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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