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MEP Infra receives LOA from NHAI for user fee collection for PITHAI Fe Plaza Posted On: 2021-02-02 21:32:28 (Time Zone: Arizona, USA) Mep Infrastructure Developers Limited ('MEP') has received the Letter of Award (LOA) dated February 02, 2021 from National Highways Authority of India (NHAI) stating that MEP has been engaged as the Contractor for the collection of user fee on the basis of the Competitive Bidding through e-tender for PITHAI FEE PLAZA at km 37.300 for 4 laning of Ahmedabad - Godhra Section of NH-59 from km 4.200 to km 122.420 in the state of Gujarat under NHDP Phase-III on ...

Union Budget 2021: Who Gained & Who Lost? Published by GulteDesk February 01, 2021 The Union Budget 2021 announced today by Finance Minister Nirmala Sitharaman attracted huge criticism, especially from the Telugu states. The Finance minister sanctions for Tamil Nadu and other southern states but snubbing the Telugu states’ demands once again is fueling more angst. Apart from the center and finance ministries’ biased budget this year, there are fields that gained and there are losers with the budget announcement this year. While the pandemic took a hard toll on the economy the recession...

Picture used for representational purpose only HUBBALLI: Anxiety among the people over the condition of the roads in and around the twin cities has mounted many notches following the recent tragic accident on Hubballi-Dharwad bypass road that cost the life of 11 people. Worried residents have launched a signature campaign to push the authorities concerned towards making the bypass road, a stretch infamous for accidents, one on which nearly 30 to 35 fatalities are reported on average each year. Although a similar campaign was launched a year ago and more than 13,000 signatures collected, litt...

IRB Infrastructure Developers Ltd on Monday reported a 56 per cent decline in its consolidated net profit to Rs 69.48 crore for the quarter ended December 31, 2020. The company had clocked a Rs 159.73-crore net profit during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during October-December 2020 fell to Rs 1,594.80 crore, from Rs 1,790.17 crore in the year-ago period. The firm's expenses stood at Rs 1,459.32 crore, lower as compared with Rs 1,534.36 crore a year ago. In a statement, the company said, "It has bounced back to post the net prof...

IRB Infra's SPV achieves Financial Closure for Gandeva - Ena HAM Project Posted On: 2021-01-18 04:23:49 (Time Zone: Arizona, USA) The VM7 Expressway Pvt. Ltd., a Wholly-owned Subsidiary and an SPV of the IRB Infrastructure Developers Ltd., India's leading and one of the largest highway developers has achieved Financial Closure for its Gandeva - Ena HAM project in Gujarat. The project is 8 laning of Gandeva - Ena section of 27.500 Kms on the upcoming Vadodara Mumbai Expressway under the Bharatmala Pariyojana (Phase I, Package VII) While commenting on the development Mr. Virendra D. Mhaisk...