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The National Highways Authority of India (NHAI) had awarded the work for the four-laning of the Meerut-Bulandshahr section of NH-235 from 8.800 km to 73.512 km (design chainage in the state of Uttar Pradesh under NHDP Phase IV on Hybrid Annuity Model), for a concession period of 17.5 years, including a construction period of 910 days, i.e. two-and-a-half years, and an operation and maintenance period of 15 years to Freedom Point Expressways as concessionaire. Apco Infratech, who was the lowest bidder, had incorporated a SPV, Freedom Point Expressways (FEPL), as the concessionaire for development of the project.

??EPL had entered into a concession agreement (CA) with NHAI on March 4, 2016, for construction, operation and maintenance of the project,??informs DK Srivastava, Executive Vice-President, APCO Infratech. The CA sets out the scope, rights and obligations of all the parties, overall framework for the development, and operation and maintenance of the project. While the project bid was floated by NHAI at end of 2015, the appointed date was declared as April 28, 2017. ??uring this course of time and the completion period as well, the project alignment features have been modified to cater to the topographic and demographic variations and inhabitant demands.??/p>

Scope of work

The site of the four-lane project highway comprises the section of NH-235 (New NH-334) commencing 8+800 km to 66+482 km and excluding 3.522 km of existing bypass of NH-24 (i.e., the Meerut- Bulandshahr section), having a total length of 64.712 km, including 3.522 km of the existing Hapur Bypass of NH-24 in Uttar Pradesh. The total design length of the project road is about 61.19 km. This section traverses through three districts of Uttar Pradesh: Meerut, Hapur and Bulandshahr.

As Srivastava shares, ??HAI had proposed to bypass nodal towns, i.e. Phaphunda Bypass (2.7 km), Kharkhauda Bypass (3.2 km), Hapur Bypass (11.2 km ??greenfield and 1.228 km ??improvement of existing Hapur Bypass on NH 24) and Gulaothi Bypass (7.6 km), and widen the two-lane existing alignment into four lanes with a paved shoulder and divided median on the basis of a detailed project (feasibility) report carried out in the year 2010.??/p>

The alignment traverses along and across various canals, drains and railway crossings. In order to cater to these structures, nine minor bridges, one major bridge, and one RoB has been provided. Additionally, a six-lane carriageway underpass (three vehicular underpass (VUP), five pedestrian underpass (PUP)) has also been provided to accommodate major crossroads without conflict.

Resource planning and execution

FEPL, the concessionaire, had to design the project considering the above project particulars as per codal provisions of IRC: SP: 84 – 2014 and determine the requisite resources, i.e. manpower, material and machinery, to complete the project within the stipulated timeframe. The contractor had identified its need and planned its resources to execute the work within a 910 day timeline. Srivastava shares the key resource deployment in the form of material, manpower and machinery, as tabulated here:

Execution challenges

  • Various challenges were involved in the execution of this project.

  • Various hindrances in the form of factories, boundary wall, trees, houses, and shops.

  • Delay in handing over encumbrance-free ROW to the concessionaire.

  • Non-disbursement of compensation or dispute by landowners regarding compensation awarder.

  • Hindrances owing to irrigation structures and DFCC.

  • Construction ban imposed by the Supreme Court and National Green Tribunal.

  • Delay in finalisation of ??hange of scope??by the authority .

  • Delay in approval for tree felling by the Forest Department.

  • Lockdown due to outbreak of COVID-19.

??hese issues had resulted in project delays,??says Srivastava. ??he project timeline was stretched for 553 days in addition to 910 days. However, FEPL, with its prudent approach and accelerated efforts, reduced the time span to 295 days from the additional 553 days required for the project and achieved a provisional completion certificate on August 14, 2020.??/p>

Challnges during the Coronavirus outbreak

In March 2020, when the Government imposed the nationwide lockdown to curb the spread of the pandemic, the project was about to achieve the provisional certificate scheduled on April 25, 2020. Owing to the lockdown, the project lost movement, motivation and resources for executing project facility work (finishing work) and balance major work.

The concessionaire, upholding the professional ethics and values of its promoter APCO Infratech, retained manpower at its respective accommodation facilities and provided the best services to help them during a hard time. ??owever, a manpower exodus begun upon the start of special trains and buses to their respective home places,??says Srivastava. ??he government eased lockdown restriction for the infrastructure sector on April 20, 2020, but the district administration had not allowed commencement of work till May 4, 2020.??Workers were then facilitated with all type of Covid-19 precautions.

Safety first!

To avoid fatalities or accidents at work, FEPL ensured that the labour or manpower wore high-visibility clothing, which included a vest, hardhats, safety glasses, face shields, earplugs, fall arrest systems, safety-toed shoes, respirators and all types of PPE. The procedure was well-established??ome call it an internal traffic control plan??o separate workers from the path of vehicles and equipment.

Socioeconomic benefit

The Minister of Road Transport and Highways has cited that this project will shorten travel time from Meerut to Bulandshahr to one hour from the two hours earlier. Also, the highway will serve as a direct access route to Garh-Mukteshwar, where the state government is planning to develop a waterway and promote tourism. It will also serve as an access route to the upcoming Ganga Expressway in Meerut and Bulandshahr.

Achievement

The entire project has a rigid pavement and is among the few projects in Uttar Pradesh to have the entire length paved with pavement quality concrete. What?? more, the toll plaza has been established within 180 m RoW comprising a 14-lane road; it is one of the most advanced and equipped toll plazas.

– SHRIYAL SETHUMADHAVAN

PROJECT DETAILS

Cost: Rs 11.30 billion including COS granted for additions of elevated structures for safety of road users and access to villagers or farmers

Month of completion: August 14, 2020, (PCOD) and November 12, 2020 (COD)

Total length: 61.19 km

Developer: Freedom Point Expressways

Contractor: APCO Infratech

Consultant: SAI Consulting Engineering (SYSTRA)

Steel: SAIL, REAL Ishpath, JSPL

Other technology or material used: Fly ash or silica as cement

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Concrete

Berger Paints Announces Financial Results for the Quarter Ended

Net Profit for the quarter was Rs 2.06 billion, compared to Rs 2.69 billion in the corresponding quarter of the previous year.

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Berger Paints India announced its financial results for the quarter ended September 30, 2025.
The company reported Revenue from Operations of Rs 28.27 billion, compared to Rs 27.74 billion in the corresponding quarter last year, reflecting a growth of 1.9 per cent year-on-year.
EBITDA (excluding other income) stood at Rs 3.52 billion, as against Rs 4.34 billion in the same period last year, registering a decline of 18.9 per cent.
Net Profit for the quarter was Rs 2.06 billion, compared to Rs 2.69 billion in the corresponding quarter of the previous year, marking a decline of 23.5 per cent year-on-year.
Commenting on the performance, Abhijit Roy, Managing Director & CEO, Berger Paints India, said, “At Berger Paints, we remain committed to driving growth through network expansion, innovation, and brand building. Our focus continues to be on delivering long-term value for our investors and stakeholders.”

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Ambuja Cements posts record Q2, lifts FY28 capacity target

PAT rises to Rs 23.02 bn; volumes up 20%; margin widens 450 bps

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Ahmedabad, recently — Ambuja Cements, part of the Adani Portfolio, reported a strong Q2 FY26 performance with consolidated PAT of Rs 23.02 billion (up 364 per cent year on year), highest-ever Q2 sales volume of 16.6 million tonnes (up 20 per cent) and revenue of Rs 91.74 billion (up 21 per cent). EBITDA rose to Rs 17.61 billion with a margin of 19.2 per cent, while EBITDA per tonne reached Rs 1,060 (up 32 per cent). EPS stood at Rs 7.2 (up 267 per cent). The PAT figure includes an income-tax provision reversal of Rs 16.97 billion.
The company raised its FY28 capacity goal by 15 MTPA to 155 MTPA, largely through low-capex debottlenecking at about USD 48 per tonne. Thirteen new blenders are being installed to optimise product mix and lift the share of premium cement, and logistics debottlenecking is expected to add around three per cent utilisation to the existing 107 MTPA base over 24 months.
On projects, a 4 MTPA kiln at Bhatapara has begun trial runs, the 2 MTPA Krishnapatnam grinding unit has been operationalised, and an additional 7 MTPA across three locations is slated for Q3. Renewable power capacity reached 673 MW after commissioning 200 MW, with targets of 900 MW by year-end and 1,122 MW by FY27.
Cost discipline continued: kiln fuel, power and logistics costs declined year on year; green power share of consumption rose to 32.9 per cent; and logistics cost stood at Rs 1,224 per tonne. Management reiterated end-FY26 total cost guidance of about Rs 4,000 per tonne and a pathway to Rs 3,650 per tonne by FY28, supported by higher coal share, newer assets, shorter lead distances (including a growing sea-logistics share), and long-term fly ash/slag tie-ups.
Strategically, Ambuja launched CiNOC (Cement Intelligent Network Operations Centre) to embed AI across sales, production and logistics; deepened engagements with CONCOR, CREDAI and 400+ academic partners; and ordered seven vessels totalling 65,800 DWT to lift coastal movement to five per cent. The company remains debt-free with net worth of Rs 694.93 billion and the highest Crisil ratings (AAA/Stable; A1+).

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India, EU Resume Talks To Finalise Free Trade Agreement

High-level negotiators meet in Delhi to push balanced trade deal

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A senior delegation from the European Union (EU) is in New Delhi from 3 to 7 November 2025 to hold detailed discussions with Indian counterparts on the proposed India–EU Free Trade Agreement (FTA). The negotiations aim to resolve key pending issues and move closer to a comprehensive, balanced, and mutually beneficial trade framework.

The visit follows Union Minister of Commerce and Industry Piyush Goyal’s official trip to Brussels on 27–28 October 2025, during which he held forward-looking talks with European Commissioner for Trade and Economic Security Maroš Šef?ovi?. Both sides reaffirmed their commitment to intensify dialogue and strengthen cooperation towards finalising the FTA.

This week’s deliberations will focus on trade in goods and services, rules of origin, and technical and institutional matters, guided by the shared goal of creating a modern and future-ready trade pact that reflects the priorities and sensitivities of both India and the EU.

The discussions gained further momentum after a virtual meeting on 3 November 2025 between Minister Piyush Goyal, Commissioner Maroš Šef?ovi?, and EU Commissioner for Agriculture and Food Christophe Hansen, which helped align positions on key areas of mutual interest.

As part of the ongoing negotiations, Ms. Sabine Weyand, Director-General for Trade at the European Commission (EU DG Trade), will visit New Delhi on 5–6 November for high-level consultations with India’s Commerce Secretary Rajesh Aggarwal. The talks will address technical and policy matters critical to concluding the agreement.

The EU delegation’s visit underscores the shared determination of India and the European Union to conclude a fair, transparent, and equitable FTA, aimed at boosting trade, investment, innovation, and sustainable economic growth.

Both sides view the FTA as a strategic pillar in their partnership, capable of enhancing market access, creating new opportunities for businesses, and promoting a resilient and diversified global supply chain.

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