MUMBAI AHMEDABAD HIGHWAY
Defence stocks have done it, will the infrastructure sector follow suit? 6 stocks of the highway makers
There are four sectors, Railways, Defence, Infrastructure and PSU as a set of stocks where election results were important due to the fact that policy continuity was seen as major tailwinds. Because the results were not exactly the way the street had expected, there was a sharp reaction in all these stocks after the election results. But within ten days, the majority of the defence stocks are already higher than what they were quoting on the day of elections. The question is whether other sectors also will see a catch up or not. Now there cannot be any doubt that political noise levels are going to remain high and that might create uncertainty at times. It might take a while for some of the sectors to get the momentum back on the street but probability of getting back on track is high as and when the street gets an indication that it is work as usual in the sector.
Firing at Salman's home: Mumbai Police registered new case; one held from Rajasthan
Mumbai Police registered a case related to firing outside Salman Khan's residence and arrested Banwarilal Laturlal Gujar from Bundi, Rajasthan, for criminal intimidation. Gujar mentioned Lawrence Bishnoi and Goldy Brar in a threatening video uploaded on YouTube.
Gujarat: Two dead, several injured after cement tanker hits bus in Nadiad
Two people died and several were injured when a cement tanker collided with a bus on the Ahmedabad-Vadodara Expressway in Nadiad. The bus broke the roadside railing and fell 25 feet. The bus was en route from Ahmedabad to Pune with 23 passengers when the tanker driver suddenly turned left, causing the collision. Treatment is underway for the injured, and legal action will be taken against the tanker driver.
Atal Setu sea bridge project is fulfilment of Modi's guarantee, says PM as he sounds LS poll bugle
Prime Minister Narendra Modi inaugurated the Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu, the longest sea bridge in India, connecting Mumbai and Navi Mumbai. The six-lane trans-harbour bridge, worth Rs 17,840 crore, spans 21.8 km, including a 16.5 km-long sea link.
Centre paves way for using waste in building highways
As per the ministry's assessment, about 170 million tonnes of waste is accumulated at 2,304 dump sites in the country. The inert material available from these sites can be potentially utilised in the construction of embankments for NHs and state roads, the ministry said in an office memorandum, adding that the government has now decided to dovetail highways construction with Swachh Bharat Mission 2.0.
View: What India needs to sustain its infrastructure development momentum
Compared to FY2019, four sectors - roads and highways, power transmission, RE, and ports - have a score of greater than 70% in Crisil's InfraInvex index in FY2023, while RE, railways and power have logged improvement of over 15% (compared to 2019), driven by reforms and improvement in financial metrics. The next phase of infra development will be shaped by growth in the average ticket size of projects and a significant number of mega-scale projects.
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First steel bridge for Mumbai-Ahmedabad high-speed rail corridor erected in Surat
The construction of India's first high-speed rail corridor between Mumbai and Ahmedabad is progressing, with the completion of the first steel bridge over National Highway 53 in Surat. The bridge is 70 meters long and weighs 673 metric tonnes. Steel bridges are being used over roads and highways due to their longer length capabilities compared to cemented structures.
Fatal road rage attack: Tanker driver killed by 4 people on Mumbai-Ahmedabad Highway
A tanker driver in Maharashtra was brutally attacked and killed by four individuals after his vehicle brushed past their car. The victim managed to record the attack on his mobile camera and send the footage to a family member, which helped the police apprehend the suspects. The assailants assaulted the driver with sticks and an iron rod, causing severe damage to the vehicle.
Housing prices in this Delhi-NCR area jumped 46% in Q2; know how much property prices have risen in your city
Housing prices in Kolkata have increased by 15 per cent year-on-year (YoY) in the April-June quarter of 2023. It was the highest increase in residential prices among the eight cities, according to a report released by CREDAI and Colliers Liases Foras. Check how much property price has risen in your city
Indian malls’ FY24 consumption likely to be $11 billion, high streets to score on efficiency
Indian shopping malls are expected to attract higher consumption owing to socio-demographic factors including rising urbanisation and income levels. In terms of revenue efficiency, however, the performance of high streets is expected to surpass that of organised and formal retail assets across the country. While on an overall basis, high streets may appear to have limited consumption potential, when compared on a per sq m basis the consumption story is significantly different.
ET GBS 2023: On track to build 200k km of national highways by 2025, says Nitin Gadkari
In his address at the seventh edition of the Economic Times Global Business Summit on Saturday, Nitin Gadkari said funds are not a constraint, with Budget 2023 making a substantial allocation.
Delhi-Mumbai Expressway to pass through Jaipur, Indore, Ahmedabad and more; Read all details here
As the largest motorway in India, the Delhi-Mumbai Expressway will improve connectivity between the two major cities.
Godrej Properties acquires 50-acre land parcel in Palghar’s Manor near Mumbai
Following the acquisition of the land parcel on an outright basis, the company is planning to develop a residential project on the said plot. The proposed project is estimated to have a developable potential of around 1.2 million sq ft of saleable area comprising primarily of plotted development. The project is estimated to offer a booking value potential of around Rs 500 crore based on the current business assumptions.
Maharashtra: Mumbai-Ahmedabad highway stretch where Cyrus Mistry was killed has claimed 60 lives in 2022 so far
Though over-speeding and error of judgement on a driver's part have played a role in many of these incidents, poor maintenance of the road, lack of proper signage and absence of speed curbing measures too are among the factors responsible for the high number of accidents.
Heavy rain lashes Mumbai, disrupts traffic movement; no relief in sight
Following the heavy rains, Andheri market has been closed for traffic after the area was waterlogged. Meanwhile, a road in Nahur east was damaged due to the rain. There was a long queue of vehicles at the Western Express Highway and traffic moved slowly, further accelerating the problems of commuters.
Installation of traffic management systems on highways is a huge opportunity: Nitin Gadkari
“The ATMS are being installed on all newly constructed highways and existing four plus lane highways to provide seamless and safe traffic operation,” Gadkari said adding that the Ministry aims to implement ITS on 15,000 kilometres of national highway by 2024 to strengthen road safety.
IRF to conduct road safety audit on Ahmedabad-Mumbai highway to identify, remove deficiencies
International Road Federation President Emeritus KK Kapila said that after Mistry lost his life on the Ahmedabad-Mumbai highway, IRF decided to conduct a road safety audit on the accident-prone stretch to evaluate and identify road deficiencies. Mistry was killed in a road accident on Sunday after his car hit a divider in Maharashtra's Palghar district.
CESL to set up 810 EV charging stations across 16 highways, expressways pan India
The selected corridors include busy routes such as the Mumbai-Pune highway, Ahmedabad-Vadodara Highway, Delhi-Agra Yamuna Expressway, Eastern Peripheral Expressway, Hyderabad ORR Expressway, and Agra-Nagpur Highway to name a few, as per the statement.
Maharashtra Chief Minister Shinde orders long-term plan for easing traffic congestion in Mumbai region
District collectors and municipal commissioners within the MMR -- which includes satellite towns in the neighbouring Thane, Palghar and Raigad districts -- should extend cooperation over land acquisition and other issues, the chief minister said.
Locals loot oil after tanker overturns on Mumbai-Ahmedabad highway
Many villagers rushed to the spot and took away the leaked oil in their cans and other vessels, the official said.
Govt looks to develop helipads along major highways for medical emergencies
As part of efforts to boost the country's helicopter segment, Civil Aviation Minister Jyotiraditya Scindia on Tuesday said steps are being taken to have Helicopter Emergency Medical Services (HEMS).
India will hopefully get highways of American standard in next three years: Nitin Gadkari
Gadkari on Saturday virtually dedicated to the nation a 3.75-km long four-lane elevated corridor in Deesa town of Banaskantha jointly with Union Home Minister Amit Shah and Gujarat Chief Minister Vijay Rupani.
Tata Motors opens 8 new showrooms in Ahmedabad
The showrooms have come up at SG Highway, Ashram Road, Ambawadi, Gota, Vijay Char Rasta, Motera, Vastral and Sanand, providing an enhanced customer experience with a plush feel and quicker turnaround time, it added.
Govt invites proposals for development of EV charging infrastructure on major highways
The Department of Heavy Industries has floated an Expression of Interest for inviting proposals from government organisations, PSUs (State/Central), state-owned DISCOM, Oil PSUs and similar other public and private entities to build and operate Public EV charging infrastructure.
India rejects two Chinese companies’ bids on development of Delhi-Mumbai expressway
The ministry of highways and road transport will not award these projects, entailing a cost of about Rs. 800 crore each, to the subsidiaries of Jiangxi Construction Engineering Corporation, a government official told ET.
Norm change may hit 1,000 km road projects
The finance ministry’s decision to treat highway projects as a single entity that cannot be divided into small packages could impact award of about 1,000 km of key infrastructure projects, including the Delhi-Mumbai and Ahmedabad-Dholera Expressways.
Delhi-Mumbai highway to cut travel distance by 280 km; to be ready in 3 years: Nitin Gadkari
The minister also said Rs 16,000 crore have been saved on land acquisition for the project, owing to the highway passing through socially and economically backward tribal areas of five states, including Rajasthan, Madhya Pradesh, Gujarat, Maharashtra and Haryana.
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