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  • NHAI awaiting liberalised insurance, pension fund investment norms to start InvIT: Sources Oct 14, 2021 07:00 PM IST

    NHAI awaiting liberalised insurance, pension fund investment norms to start InvIT: Sources

    The launch of the investment trust has already been delayed by the pandemic, but NHAI is keen to get long-term investors on board.

  • Silver Point, partner Acre declared highest bidder for IVRCL Chengapalli Tollways loans Sep 30, 2021 12:35 PM IST

    Silver Point, partner Acre declared highest bidder for IVRCL Chengapalli Tollways loans

    The partners offered Rs 624 crore for loans of Rs 804 crore. In addition, the successful bidder must pay Rs 315 crore in deferred premium to the National Highways Authority of India

  • Delhi-Mumbai Expressway to fetch Rs 1,000 to 1,500 crore revenues every month: Nitin Gadkari Sep 19, 2021 03:49 PM IST

    Delhi-Mumbai Expressway to fetch Rs 1,000 to 1,500 crore revenues every month: Nitin Gadkari

    Gadkari, who just completed a whirlwind tour to assess the progress of the Delhi-Mumbai Expressway that will pass through four states apart from the national capital, said the national highways infrastructure is a world-class success story.

  • NHAI to be flag-bearer of Centre's asset monetisation plan Aug 27, 2021 05:46 PM IST

    NHAI to be flag-bearer of Centre's asset monetisation plan

    The company officials indicated that the disruptions in wake of pandemic delayed some of its asset monetisation plan, but with traffic fast returning to near normal levels now, about Rs 10,000 crore of road assets would be monetised by NHAI in the current year (FY 22) and the exercise would kick up pace next year with doubling or tripling of the numbers in the next few years.

  • SC seeks NHAI reply on plea for stay of Dwarka Expressway flyover construction Aug 23, 2021 07:20 PM IST

    SC seeks NHAI reply on plea for stay of Dwarka Expressway flyover construction

    Advocate Prashant Bhushan, appearing for the petitioners, said NHAI is building an already constructed small road which passes through densely populated colonies and has six schools on its periphery.

  • FASTag toll collections rise to almost pre-COVID-19 second wave levels in July, comes in at Rs 2,976 crore Aug 03, 2021 03:20 PM IST

    FASTag toll collections rise to almost pre-COVID-19 second wave levels in July, comes in at Rs 2,976 crore

    The rise in toll collection was mostly due to truck rentals that rose 4-6 percent in July, data from the Indian Foundation of Transport Research and Training (IFTRT) showed.

  • NHAI's total borrowings rise to Rs 3.06 lakh crore in March 2021 Aug 02, 2021 08:00 PM IST

    NHAI's total borrowings rise to Rs 3.06 lakh crore in March 2021

    Replying to a question in Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said since 2017, NHAI has availed external borrowing to the tune of Rs 3,000 crore.

  • Govt, NHAI take steps to ensure high-quality roads amid rising competition to win projects Jul 09, 2021 02:59 PM IST

    Govt, NHAI take steps to ensure high-quality roads amid rising competition to win projects

    The NHAI is also looking to create independent teams from its headquarters to carry out frequent quality checks of work at sites of projects that private players have bagged.

  • NHAI records debt of Rs 3.17 lakh crore: Report Jul 06, 2021 12:07 PM IST

    NHAI records debt of Rs 3.17 lakh crore: Report

    Highway toll revenues are estimated to have fallen by 4 percent during the same period to around Rs 26,000 crore, a media report said citing analysis by ICRA Ratings.

  • FASTag toll collections rises 21% in June, as compared to May, to Rs 2,576.28 crore Jul 01, 2021 01:38 PM IST

    FASTag toll collections rises 21% in June, as compared to May, to Rs 2,576.28 crore

    However, toll collections through FASTag in June were still lower than the Rs 2,776.90 crore witnessed in April and Rs 3,086.32 crore seen in March. Similarly, the total number of FASTag toll transactions were also lower in June as compared to the 16.433 crore seen in April and 19.321 crore transactions seen in March.

  • Expect toll collection from road projects to rise 12-14% in 2021-22 despite second wave: ICRA's Rajeshwar Burla Jun 23, 2021 05:06 PM IST

    Expect toll collection from road projects to rise 12-14% in 2021-22 despite second wave: ICRA's Rajeshwar Burla

    Vice President and Co-Group Head, Corporate Ratings, says for this financial year, toll collections could be 12-14 percent higher, compared to the last year on the back of a low base and increase in toll rates. ICRA also expects road construction to surpass the average target of 40 km per day for 2021-22

  • Interview | India's road sector withstands second wave, pre-COVID toll revenue in few months, says CRISIL's Jagannarayan Padmanabhan Jun 21, 2021 05:12 PM IST

    Interview | India's road sector withstands second wave, pre-COVID toll revenue in few months, says CRISIL's Jagannarayan Padmanabhan

    Companies in the roads sector have gained from the implementation of electronic toll collection and can expect pre-pandemic level of toll revenue in a few months, but the aviation sector will take much longer to revive, Padmanabhan said.

  • FASTag toll collections fall 31% to Rs 2,125 crore in May from levels in March Jun 17, 2021 02:22 PM IST

    FASTag toll collections fall 31% to Rs 2,125 crore in May from levels in March

    The absence of a nationwide lockdown this year may have cushioned the drop in revenue from vehicles using toll roads

  • NHAI makes drone usage mandatory for recording national highway work Jun 16, 2021 05:26 PM IST

    NHAI makes drone usage mandatory for recording national highway work

    The NHAI also said that drone recording data will be stored on the ‘Data Lakes’ and the videos can also be used as evidence during the dispute resolution process before Arbitral Tribunals and Courts.

  • NHAI may expand InvIT size, to raise Rs 15,000 crore: Report Jun 15, 2021 09:49 AM IST

    NHAI may expand InvIT size, to raise Rs 15,000 crore: Report

    The NHAI is reportedly looking to sell about 32 more operational road assets spanning 1,500 km

  • NHAI to crack down on road developers for delaying projects, ignoring quality standards Jun 11, 2021 03:16 PM IST

    NHAI to crack down on road developers for delaying projects, ignoring quality standards

    Defaulters will be liable to pay fines of as much as Rs 10 crore and can be banned from bidding for contracts for up to three years

  • National Highway Authority of India debars Lion Engineering Consultants for deficient services Jun 10, 2021 07:12 PM IST

    National Highway Authority of India debars Lion Engineering Consultants for deficient services

    Lion Engineering Consultants was issued a Show Cause Notice on account of deficiencies in consultancy services. NHAI said the firm had failed to perform assigned duties while delivering services for the project as well as executing the provisions made in the contract agreement.

  • NHAI to delay InvIT launch till road traffic is restored to pre-COVID-19, second wave levels Jun 08, 2021 08:00 PM IST

    NHAI to delay InvIT launch till road traffic is restored to pre-COVID-19, second wave levels

    Fall in toll collection due to the outbreak of the second wave and lockdowns being imposed by different states across the country have caused the company to defer decision; other asset monetization plans also put on hold

  • Investors repose faith in road sector as orders and execution stay on course May 27, 2021 09:02 AM IST

    Investors repose faith in road sector as orders and execution stay on course

    Investor confidence in the road sector stems from two key factors- the steady rise in per day road construction year after year, including in COVID-hit FY2021 and the strong bump up in orders, especially on national highways

  • NHAI plans to launch first tranche of InvIT by end of May: Officials May 18, 2021 02:10 PM IST

    NHAI plans to launch first tranche of InvIT by end of May: Officials

    NHAI has also decided to keep its InvIT IPO open only for institutional investors. It plans to raise ₹5,100 crore through a fresh issue, as per the draft papers filed with SEBI. In addition, there would be an offer for sale, say sources.

  • IL&FS receives Rs 693 crore settlement claims for 2 road projects from NHAI Apr 04, 2021 04:08 PM IST

    IL&FS receives Rs 693 crore settlement claims for 2 road projects from NHAI

    The group further said there is a pending settlement of Rs 902 crore for the Khed Sinnar Expressway project and Rs 171 crore for Amravati Chikli Expressway from NHAI.

  • First tranche of InvIT worth Rs 5,000 crore likely by mid-May: NHAI Chairman Apr 01, 2021 09:06 PM IST

    First tranche of InvIT worth Rs 5,000 crore likely by mid-May: NHAI Chairman

    The papers for setting up InvIT were filed with the SEBI on March 31, the NHAI chief said.

  • IRB Infra wins Rs 828 crore highway project from NHAI in Himachal Pradesh Apr 01, 2021 03:13 PM IST

    IRB Infra wins Rs 828 crore highway project from NHAI in Himachal Pradesh

    "The company has received Letter of Award from NHAI for the project of Rehabilitation and Upgradation to Four Lane configuration & Strengthening of Punjab/HP Border... of NH-20 (New NH-154) of Pathankot-Mandi Section in the state of Himachal Pradesh on Hybrid Annuity Mode (HAM)," the company said in a regulatory filing to the BSE.

  • NHAI to raise Rs 1 lakh crore through monetisation of highways in next 5 years Mar 25, 2021 06:20 PM IST

    NHAI to raise Rs 1 lakh crore through monetisation of highways in next 5 years

    The minister said asset monetisation offers a good business opportunity for industry players in existing infrastructure and on the other hand it will help government in unlocking the value of investment made in creating infrastructure.

  • Adani Road Transport wins Rs 1,040 crore highway contract from NHAI in Telangana Mar 24, 2021 04:31 PM IST

    Adani Road Transport wins Rs 1,040 crore highway contract from NHAI in Telangana

    The bid cost of the project is Rs 1,039.90 crore, the company said.

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