Construction Infrastructure
Cement and steel companies are taking advantage of the system: Nitin Gadkari
Union Minister for Roads, Transport and Highways Nitin Gadkari criticized cement and steel manufacturers for the increase in the prices of these materials and the impact on construction.
“People (cement and steel companies) are taking advantage of the system, which is not right. We need to take a position on this issue,” he said.
The Minister also mentioned that MoRTH has constituted a committee under the chairmanship of K Venkataraman from L&T to reduce the dependence on cement and steel and promote the use of alternative materials that reduce the cost of construction without compromising on the quality. has done.
The Minister spoke at the virtual signing ceremony of the MoU between IIT (BHU) Varanasi and GR Infraprojects Ltd. to promote collaborative research between industry and academia in pavement materials and construction.
News Source: ConstructionWorld
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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