NARCL receives four bids for debt takeover of Sion Panvel Tollways in MumbaiNational Asset Reconstruction Co (NARCL) has received four expressions of interest for a second round of bidding to take over the debt of S...
NARCL offers to buy debt of three more bankrupt companiesBased on binding bids from the government-backed bad bank, lenders have initiated a Swiss challenge auction for Hitodi Infra. The lenders, ...
The next Mumbai could soon come up in the financial capital's vicinityThere is a likelihood that the region's realty scene will change completely in the next 2 to 3 years, Navin Makhija, MD, The Wadhwa Group, ...
Sion Panvel Tollways gets three bidsThe company that defaulted on its ₹1,536 crore loan has received bids from Kalyan Tollways, Prakash Asphaltings & Toll Highways (India), an...
IOB-led lenders group puts Sion Panvel Tollways' ₹862-cr bad loan on saleThe debt on sale includes exposures from Bank of Baroda, Canara Bank, Punjab National Bank, State Bank of India, and India Infrastructure F...
NARCL offers Rs 220 crore for Sion Panvel Tollways' debt"SPTL is a special purpose vehicle (SPV), which was formed to manage this highway, which is an important road leading into and out of Mumba...
New speed limits for Mumbai flyovers, highwaysMumbai traffic police have set new speed limits for vehicles plying on flyovers, bridges and highways in the city, an official said on Frid...
A heartfelt tribute: Varun Dhawan says late Youtuber Danish Zehen inspired his look in 'Street Dancer 3D'Zehen passed away following a road accident in 2018.
Maharashtra bandh: Office-goers inconvenienced as traffic crawls in MumbaiTraffic came to a standstill on many roads in the country's commercial capital as protesters squatted on roads and put up road blockades at...
Sion-Panvel toll road operator to quit over non-payment of duesSion Panvel Tollways (SPTPL) in a statement on Thursday alleged that it has not received dues from the public works department (PWD) “for t...
HC to Anti-Corruption Bureau: Why aren't you lodging FIR in Navi Mumbai highway 'scam'?The state government had earlier this month told the court that it had given permission to the ACB to conduct an "open inquiry" into the al...
Maharashtra govt gives in-principle nod to eight infra projectsThe Cabinet Committee on Infrastructure in Maharashtra today gave in-principle approval to eight projects across the state amounting to Rs ...
Toll exemption: Will hold meeting on compensation, says Maharashtra to HCIn another notification issued on May 26, LMVs such as autorickshaws, cars, jeeps, taxis and three-wheeler delivery vans were exempted from...
Maharashtra government to issue fresh notification to extend toll exemptionThe court was hearing a petition filed by Sion Panvel Tollways Pvt Ltd which had challenged the notification exempting cars, auto rickshaws.
Government in no position to roll back Kharghar toll plaza: Maharashtra PWD MinisterMaharashtra PWD Minister Chandrakant Patil said the state govt is 'not in a position' to buy back the road developed at a cost of Rs 1,700 ...
- Macquarie rates IVRCL Infrastructure as 'outperform'
IVRCL is one of the top picks of Macquarie in the construction space. In addition to the Sion-Panvel Highway project, IVR Prime is the lowe...
- Axis Bank opens two new branches
Private sector lender Axis Bank on Saturday announced the opening of two new branches at Sion (east) in the city and New Panvel near Mumbai.