Tag
Roads & Highways
5 articles
Recent developments highlight a mixed landscape for India's roads and highways sector. While Gayatri Projects achieved a remarkable financial turnaround exiting CIRP with substantial profits and debt reduction through a one-time settlement, Bharat Road Network faces significant auditor qualifications and ongoing financial challenges, including defaults and investigations. Simultaneously, Ashoka Buildcon demonstrated strategic asset monetization, bolstering its financial position and reducing debt, while CSIR-CRRI showcased advancements in sustainable road construction using reclaimed asphalt pavement technology. However, PNC Infratech's debarment extension and a court order maintaining the status quo on disputed land underscore ongoing regulatory and legal hurdles, potentially impacting project timelines and investor sentiment.
IRB Infrastructure Executes ₹2,663 Crore Project Management Agreements
IRB Infrastructure executed Project Implementation Agreements with IRB InvIT Fund to manage two toll road projects for the balance concession period.
The fixed-price contracts are valued at approximat
CSIR-CRRI Demonstrates 60% RAP Technology on NH-716
CSIR-CRRI, OSEPL and Ooms India successfully demonstrated 60% Reclaimed Asphalt Pavement technology on National Highway-716 Chennai-Tirupati Package-I.
The demonstration featured REJUBIT indigenous re
Ashoka Buildcon FY26 Order Book Rs 15,312 Crore
Ashoka Buildcon reported a robust order book of ₹15,312 crore as of March 31, 2026, with roads/railways comprising 66% and power T&D 23%.
The company monetized assets through stake sales in five BOT S
Bharat Road Network FY26 Results Show Mixed Performance
Bharat Road Network reported standalone net profit of ₹343.59 lakh for FY26, reversing from a ₹30,815.06 lakh loss in FY25, while consolidated operations showed a ₹5,912.92 lakh loss.
The company face
Gayatri Projects Exits CIRP with ₹2,047 Crore PAT
Gayatri Projects exited Corporate Insolvency Resolution Process (CIRP) in September 2025 via NCLT-approved withdrawal under Section 12A of IBC, resulting in a dramatic financial turnaround.
The compan