Groundwork completed: NHAI targets Oct completion for Kherki Daula toll plaza shift
The move is expected to ease congestion on NH-8 and facilitate free movement of vehicles and goods to and from industrial hubs in the region.
The meeting, held under the chairpersonship of Haryana's principal advisor of urban development DS Dhesi to review the progress of the project, also had Deputy commissioner Ajay Kumar and officials from NHAI, IHMCL, HSIIDC, and GMDA in attendance.
You Can Also Check:
Gurgaon AQI
|
Weather in Gurgaon
|
Bank Holidays in Gurgaon
|
Public Holidays in Gurgaon
"All agencies must start work without delay and take responsibility for tasks assigned to them.
The new toll plaza will help reduce traffic jams and make travel smoother for commuters on the Delhi-Jaipur route," Dhesi said.
He also instructed GMDA officials to extend the city's CCTV surveillance system to the Pachgaon toll and link the live feed with GMDA's integrated command and control centre. The deputy commissioner was asked to review the project's progress in monthly road safety meetings. Dhesi later visited the proposed site for inspection.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around
Blinkist: Warren Buffett's Reading List
Undo
According to NHAI officials, all civil work at the new toll plaza—including infrastructure and office space development—will be handled by them. The technical components of the project, such as the digital toll mechanism, will be handled by Indian Highway Management Company Ltd (IHMCL).
On July 7, TOI had reported that an estimate of Rs 18 crore was prepared by NHAI to shift the existing toll plaza from Kherki Daula to 15km away to Pachgaon.
The highways authority set a target of four months to complete the construction of the toll.
"
The estimate has received an in-principle approval and the existing agency, which is engaged in the development of flyovers on NH-8, will be carrying out the civil work. The agency has already started mobilising its manpower and we are hoping to complete the construction within the next four months," an NHAI official said.
The new toll facility will have 12 lanes. IHMCL officials said it will have a multi-lane free flow system (MLFF) that allows vehicles to pass without stopping. This system aims to reduce delays and make toll collection more efficient. The tender process for MLFF is underway, with the last date for bids set as July 24.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
8 minutes ago
- Business Standard
PhantomFX Raises ₹59.99 Crore via QIP to Global Expansion and Creative Leadership
PNN Chennai (Tamil Nadu) [India], July 15: Phantom Digital Effects Limited (NSE: PHANTOMFX), one of India's fastest-growing and globally recognized VFX studios, is pleased to announce the successful completion of its Qualified Institutions Placement (QIP). The company has raised ₹59.99 Crore through the issuance of 23,43,600 equity shares at ₹256 per share (including a premium of ₹246 per share), reflecting a discount of 4.78% (i.e. Rs.12.85/- per Equity Share) to the floor price of ₹268.85 per share. This fundraise comes at a transformative time for PhantomFX, as it accelerates strategic investments across creative infrastructure, talent acquisition, and international operations, including its recent acquisition of Oscar winning Tippett Studio. Allotment Details - Major Investors (more than 5% allocation in QIP): In a recent Qualified Institutional Placement (QIP), several major investors were allotted more than 5% of the total securities. Vikasa India EIF I Fund, Moneywise Financial Services Private Limited, and Beacon Stone Capital VCC - Beacon Stone I each received 1,95,300 shares at a price of ₹256 per share, amounting to ₹4,99,96,800 each, accounting for 8.33% of the total QIP allocation individually. UNICO Global Opportunities Fund Limited was allotted 1,75,800 shares for a total of ₹4,50,04,800, representing 7.50% of the QIP. Shine Star Build Cap Private Limited emerged as the largest investor with 2,73,300 shares, totaling ₹6,99,64,800 and accounting for 11.66% of the allotment. HDFC Bank Limited also participated significantly, receiving 1,36,800 shares worth ₹3,50,20,800, representing 5.84% of the QIP allotment. Commenting on the QIP, Mr. Bejoy Arputharaj S., Managing Director of Phantom Digital Effects Limited, said, "This fundraise is not just about capital, it's a testament to confidence. The enthusiastic participation of leading institutional investors is a clear validation of PhantomFX's vision, our consistent execution, and our positioning as a global creative force. It reflects the industry's recognition of our unique blend of innovation, storytelling excellence, and international scalability. We are not simply growing a business we are shaping the future of visual storytelling by building a future ready powerhouse that seamlessly integrates cutting edge technology, artistic brilliance, and cross border capabilities. With the backing of this QIP, we are now better equipped to fast track our expansion into key international markets, further integrate iconic entities like Tippett Studio, and invest in infrastructure, talent, and AI driven creative workflows. Our roadmap is bold and purposeful focused on delivering unmatched value to our clients, nurturing long term partnerships, and raising the global benchmark for VFX excellence. This is a defining chapter in our journey and for PhantomFX, the most exciting phase is only just beginning." Global VFX Industry on the Rise: India's Strategic Role and PhantomFX's Impact The global VFX market is witnessing rapid expansion, projected to grow from US$ 15 billion in 2023 to US$ 30 billion by 2030, at a CAGR of 10.7%. Closer to home, the Indian VFX industry is estimated at ₹11,400 crore (US$ 1.38 billion) in 2023, with visual effects alone contributing ₹5,400 crore (US$ 647 million). Backed by over 4,000 studios, strong government incentives, and rising global demand, India is emerging as a global powerhouse for high quality VFX services. (Source: IBEF) At the forefront of this transformation is PhantomFX, a studio delivering acclaimed work for titles like Ayalaan, Salaar, RRR, Leo, and The Flash. Recognized as the first Indian studio to create an entirely VFX-driven alien character, PhantomFX brought "Tattoo" to life in Ayalaan a landmark moment in Indian cinema, PhantomFX has executed over 500 projects, employs 650+ artists, and posted ₹102 crore in revenue for FY25. With cutting edge infrastructure and a fast-growing global presence, PhantomFX is helping define the future of India's VFX leadership on the world stage About Phantom Digital Effects Limited PhantomFX (NSE: PHANTOMFX) is a full-service creative studio specializing in high-end Visual Effects (VFX) for films, television, commercials, and streaming platforms. Headquartered in India, the company operates four state-of-the-art facilities across Chennai, Mumbai, Hyderabad, and Bangalore, supported by a team of over 500 highly skilled artists. PhantomFX continues to expand its global footprint through strategic growth initiatives, with operational hubs now established in the USA, Canada, UK, China, and Dubai. The company holds TPN Gold certification and has a strong legacy of delivering end-to-end VFX solutions to major global production houses. In a major milestone, PhantomFX has successfully acquired Tippett Studio, an Oscar-winning American VFX company headquartered in Berkeley, San Francisco. This strategic expansion positions PhantomFX at the forefront of the global VFX industry, enhancing its creative capabilities and service reach. Financial Highlights (FY 24-25) * Total Income: ₹104.37 Crore * EBITDA: ₹39.69 Crore * Net Profit: ₹20.20 Crore Disclaimer Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
&w=3840&q=100)
Business Standard
8 minutes ago
- Business Standard
Allcargo Terminals to raise ₹38.28 cr through convertible warrants issuance
"The Board of Directors of ATL has approved the preferential allotment in its meeting held on July 15, 2025," Allcargo Terminals said Press Trust of India Mumbai Multimodal logistics operator Allcargo Terminals Ltd (ATL) on Tuesday said it plans to raise Rs 38.28 crore through the issuance of up to 1.32 crore fully convertible warrants to the promoters/promoter group. The proposed fundraise, which will kickstart ATL's three-year expansion plans, will be utilised for building capacity and setting up new container freight stations (CFS) and inland container depots (ICDs), the company said. An Allcargo group firm, ATL, specializes in CFS and ICD with pan-India presence, serving diverse logistical requirements at strategic locations such as JNPT, Mundra, Chennai, and Kolkata. "The Board of Directors of ATL has approved the preferential allotment in its meeting held on July 15, 2025," Allcargo Terminals said. "As India's logistics sector undergoes structural transformation, ATL is well positioned to scale up operational capacity while remaining capital-efficient and growth-focussed, creating sustainable value for all stakeholders," said Shashi Kiran Shetty, Founder and Chairman, Allcargo Group. Each warrant has a face value of Rs 2 per share, will be issued at an issue price of Rs 29 per warrant with a premium of Rs 27 per warrant, subject to shareholder and regulatory approvals, it stated. This issuance accounts for approximately 5 per cent of ATL's post-conversion equity share capital and is priced at around 1 per cent premium to the SEBI-defined floor price, as per the company. ATL said its current capacity stands at 8.3-lakh TEUs annually across seven facilities in five hubs that handle approximately 80 per cent of India's EXIM trade. ATL plans to augment its capacity to over 13-lakh in the coming three years -- by expanding some of its key facilities and by developing new CFS/ICD facilities, the company said. This strategic move is in line with ATL's long-term growth roadmap and will support the company's multi-location infrastructure expansion at Mundra and Nhava Sheva, Greenfield ICD at Farukhnagar and infra upgrades at existing facilities, ATL said. Currently operating at 80-85 per cent capacity utilisation, the expansion plans will enable the company to cater to future demand and consolidate its leading position in key logistics corridors, the company said. "This expansion comes at a time when our core facilities are operating near full capacity. The proposed expansion in Mundra and Nhava Sheva, greenfield ICD at Farukhnagar and infra upgrades at existing facilities are aligned to strengthen our multimodal footprint," said Suresh Kumar R, Managing Director, Allcargo Terminals Ltd.
Economic Times
12 minutes ago
- Economic Times
NSE shares undervalued, says Axis Securities; pegs fair value at this price
Shares of NSE, currently valued at around Rs 2,250, appear undervalued and potentially attractive at current levels, according to estimates by Axis Securities. The stock also trades at a relatively reasonable valuation when compared to its listed peers, BSE and MCX. Tired of too many ads? Remove Ads NSE's current valuation Share price outlook Regulatory impact on NSE Tired of too many ads? Remove Ads Shares of NSE, currently valued at around Rs 2,250, appear undervalued and potentially attractive at current levels, according to estimates by Axis Securities . The stock also trades at a relatively reasonable valuation when compared to its listed peers, BSE and an earnings per share (EPS) of 49.2 and the sector trading at a price-to-earnings (P/E) multiple of 83, NSE's fair value is estimated to be around Rs 4,000, indicating significant upside from current NSE and other Indian indices are collectively at higher valuation (PE), Axis noted. "This is justified by higher growth expectations and emerging market dynamics, whereas US markets trade at lower multiples reflecting stability and scale," it share price has remained stable with steady growth and limited volatility. Axis said that the only significant dip occurred in 2023, driven by global recession fears, rate hikes, and ongoing geopolitical tensions. "Apart from this, the price trajectory has been largely unaffected," the note minor pullbacks or corrections may occur in response to shifts in market sentiment, regulatory changes or major external disruption, the overall outlook remains positive in Axis' late 2024, SEBI tightened derivatives rules, cutting NSE's F&O volumes and revenue by up to 40%.Sebi via its October 1, 2024 circular had introduced measures to strengthen the equity index derivatives framework. Among the measures introduced by Sebi were limiting the weekly expiry to just one benchmark per exchange. The market watchdog also introduced an additional margin of 2% of the contract size on all short option contracts to curtail speculative July 2025, a ban on Jane Street led to a drop in options trading, though volumes should recover, Axis More: Explained: What is Jane Street and how it made Rs 36,500 crore profit by gaming Dalal Street NSE's initial public offering is one of the most anticipated public issues. The exchange has grappled with governance issues, which has delayed its IPO despite a Rs 643 crore issue is expected by mid-2026, Axis also demands stronger cyber security and data privacy, prompting system upgrades.
