Oct 14, 2021 07:00 PM IST
The launch of the investment trust has already been delayed by the pandemic, but NHAI is keen to get long-term investors on board.
- Sep 30, 2021 12:35 PM IST
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
- Sep 19, 2021 03:49 PM IST
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.
- Aug 27, 2021 05:46 PM IST
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.
- Aug 23, 2021 07:20 PM IST
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.
- Aug 03, 2021 03:20 PM IST
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.
- Aug 02, 2021 08:00 PM IST
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.
- Jul 09, 2021 02:59 PM IST
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.
- Jul 06, 2021 12:07 PM IST
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.
- Jul 01, 2021 01:38 PM IST
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.
- Jun 23, 2021 05:06 PM IST
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
- Jun 21, 2021 05:12 PM IST
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.
- Jun 17, 2021 02:22 PM IST
The absence of a nationwide lockdown this year may have cushioned the drop in revenue from vehicles using toll roads
- Jun 16, 2021 05:26 PM IST
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.
- Jun 15, 2021 09:49 AM IST
The NHAI is reportedly looking to sell about 32 more operational road assets spanning 1,500 km
- Jun 11, 2021 03:16 PM IST
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
- Jun 10, 2021 07:12 PM IST
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.
- Jun 08, 2021 08:00 PM IST
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
- May 27, 2021 09:02 AM IST
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
- May 18, 2021 02:10 PM IST
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.
- Apr 04, 2021 04:08 PM IST
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.
- Apr 01, 2021 09:06 PM IST
The papers for setting up InvIT were filed with the SEBI on March 31, the NHAI chief said.
- Apr 01, 2021 03:13 PM IST
"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.
- Mar 25, 2021 06:20 PM IST
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.
- Mar 24, 2021 04:31 PM IST
The bid cost of the project is Rs 1,039.90 crore, the company said.