Best Stories

Connecting Borders

The 189.6-km Goa-Karnataka border-Kundapur four-lane highway project has been recently commissioned by IRB Westcoast Tollway, the SPV of IRB Infrastructure Developers. Part of NH-17, the stretch is an important north-south highway link on the western coast of India. Built at Rs 34.47 billion (including viability gap funding of Rs 5.36 billion), the project has a concession life of 28 years. The c..

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Real Estate

Standing Tall

It’s a new record! Built by construction company Bouygues Bâtiment International,Clement Canopy, a pair of 140-mtowers made of prefabricated concrete modules, has set a new benchmark as the tallest modular building in the world. Previously, the title was held by 101 George Street, a 135-m tower built in Croydon, England, by Tide Construction. Notably, the first high-rise modular tower was built..

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Best Stories

Brookfield takes over Peninsula Land’s residential project Distress sale or strategic exit?

In a recent development, global alternative investment manager Brookfield Asset Management has taken over realty developer Peninsula Land’s equity stake in its premium project Salsette 27 in Mumbai’s Byculla locality. As stated in an exchange filing by Peninsula Land Management,this transaction has resulted in reduction of the company's debt obligations to Brookfield by Rs 5.39 billion. The fi..

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ROADS & HIGHWAYS

Crushed by the pandemic, looking for a recovery route

Photo courtesy: Proman Infrastructure Services The pandemic has undoubtedly had a detrimental effect on demand for crushers and screens. “COVID-19 put the focus on health and social welfare projects, thus delaying the tendering and planning of road and mine projects, two big drivers of the industry,” observes Venkataramana, Vice-President, Puzzolana. With government offices as well a..

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Best Stories

Connecting Borders

The 189.6-km Goa-Karnataka border-Kundapur four-lane highway project has been recently commissioned by IRB Westcoast Tollway, the SPV of IRB Infrastructure Developers. Part of NH-17, the stretch is an important north-south highway link on the western coast of India. Built at Rs 34.47 billion (including viability gap funding of Rs 5.36 billion), the project has a concession life of 28 years. The co..

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PORTS & SHIPPING

Opportunity amid Adversity

Clean water for every Indian household has been a prime agenda point of the Indian Government. To this end, the Jal Jeevan Mission was announced on August 15, 2019. It aims to provide clean drinking water to all as well as augment local water resources and promote desalination programmes. In Budget 2020, Finance Minister Nirmala Sitharaman announced that the Jal Jeevan Mission was being allocated ..

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