Headline: Green Hydrogen Valley Projects Approved (2024)

04 Jun 2024 2 Min Read CW Team

The approval for NARCL's Rs.270-crore offer to settle Essel Infraprojects' Ludhiana-Talwandi Toll Road (LTTRPL) debt of Rs 9.88 billion by all six creditors was confirmed after no competing bid was received for the government-backed bad bank's offer in April.It was stated by sources familiar with the process that an assignment agreement is being prepared by the lenders to finalise the transaction, which is anticipated to mark NARCL's inaugural acquisition for this fiscal year."One of the individuals mentioned that all lenders have endorsed the transaction due to the absence of any competin..

The National Highways Authority of India (NHAI) is considering altering its plans to reduce the project cost and mitigate the financial burden imposed on road users. Instead of constructing a 27-km long elevated corridor from Tambaram to Chengalpattu on the GST Road, NHAI is contemplating the construction of multiple elevated stretches or flyovers to ensure smooth traffic flow. Initially, the elevated corridor project, estimated at Rs 35.23 billion, was supposed to commence at Perungalathur and terminate beyond Paranur Toll Plaza, traversing 15 major and minor intersections on the GST Road, a..

Harvinder Singh, Deputy Commissioner Doda, embarked on a site visit to the Changa-Bhal Padri road, which was approximately 23 kilometres from Gandoh Headquarters. The purpose of the site inspection was to assess the progress of the road construction and facilitate the resolution of pending issues concerning the project. It was reported that construction was underway on a 6-kilometer stretch of the road, with an additional 5.5 kilometres yet to commence, making the total length of the road span 11.50 kilometres. During the inspection, the DC was accompanied by Xen PWD (R&B) Ashwani Mehngi, Te..

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