Roads

Domestic investors emerging as key infrastructure financiers, says EAAA CEO Chordia

Over the next decade, domestic capital will become as important as foreign capital in funding India’s infrastructure ambitions, Subahoo Chordia tells Moneycontrol

Chart of the Day | EPC firms’ working capital cycle deteriorates, margins slip

Slower execution of projects and payment issues mainly in roads sector put EPC firms in a tight spot

Bengaluru is ‘woefully short of roads’: Kiran Mazumdar-Shaw on comparisons with Delhi

According to data shared by the Biocon chairperson, Delhi has 32,000 km of roads with 154 lakh vehicles, while Bengaluru trails with 12,878 km of roads and 120 lakh vehicles—the second-highest vehicle count despite a far smaller network.

Chart of the Day | The growing case for InvITs in infrastructure financing

The relative outperformance of InvIT returns to other comparable instruments such as REITs, debt instruments or corporate bonds, is seeing retail investor appetite grow for these instruments

Chart of the Day | What improved toll revenue, freight movement tell us

Steady rise in toll revenue reflects revised fees, efficient tolling, and higher share of heavy vehicles

WPI linking factor to take a toll on road asset returns

Lower linking factor can also lower the debt-service coverage ratio that could be a challenge for operators who are highly leveraged

Why were road works not completed? Karnataka CM expresses displeasure over Bengaluru roads, sets one-month deadline to fix potholes

Under fire for the city’s poor infrastructure, CM Siddaramaiah on September 20 chaired a high-level meeting on Bengaluru roads and traffic management

OPINION | India’s road safety crisis needs change, starting with a collective response

Road safety is a moral and public health priority. Urgent government action and citizen responsibility are vital to prevent avoidable tragedies and ensure safer roads

NHAI’s sharp decline in debt -- a shot in the arm for highway projects?

The nodal agency for highways is targeting a list of 124 projects at a cost of Rs 3.5 trillion in FY2026

Amid weak awards, listed firms’ share in road construction drops sharply

Share of listed players falls to 24 percent now from about 61 percent in FY2016-18

KKR may sell up to $300-million stake in Vertis Infrastructure Trust

KKR has a 71.66 percent stake followed by Ontario Teachers’ Pension Plan, which holds 24.99 percent in the roads infrastructure investment trust

Macquarie prepares to sell its TOT road bundle for $1.5 billion

If the entire portfolio of nine roads is sold, it will be the biggest such deal in India, exceeding KKR’s acquisition of 13 roads from PNC Infratech for Rs 9,000 crore

IRB InvIT Fund likely to raise up to Rs 3,000 crore via QIP to fund road acquisitions

In May, IRB InvIT Fund entered into a non-binding offer with and IRB Infrastructure Trust for the transfer of its three highway assets for an aggregate enterprise value of around Rs 8,450 crore

NHAI's funding dilemma

Faced with borrowing restrictions, the National Highways Authority of India (NHAI) is tapping into a bold new funding strategy—monetising its highway assets through Infrastructure Investment Trusts (InvITs). This move aims to reduce debt and invite the Indian public to invest directly in the nation's road infrastructure

Centre mulls tightening capex loan scheme as many states prioritise freebies over infra spend

While states like Andhra Pradesh, Rajasthan, Bihar, Jharkhand, Madhya Pradesh, Himachal Pradesh, West Bengal, among others, have largely relied on loans from the Centre to spend on infrastructure, the finance ministry is particularly concerned about the impact of capex assistance on the debt levels of smaller states.

Chart of the Day: On a slippery road

Road construction has slowed down in the past two years. While the reasons are known, whether they will continue to hold back growth is the key question

Kiran Mazumdar-Shaw, Mohandas Pai support Bengaluru protests for better roads: 'Valid demand'

Former Infosys CFO Mohan Das Pai shared a video on X showing citizens holding placards and protesting on a pothole-ridden road as motorists struggled to drive by.

Cube Highways Trust exploring conversion to public InvIT

Cube InvIT is one of the biggest infrastructure investment trusts in the country, holding a group of 25 road assets with an aggregate length of 1,940 kms spread across 12 states

KKR’s InvIT Highways Infrastructure Trust raises Rs 8,250 cr debt from Axis Bank, HDFC Bank, ICICI Bank, SBI

The funds will be utilized for meeting the financing needs for the acquisition of TOT Bundle 16 from the National Highway Authority of India (NHAI) and a portfolio of 12 road assets from PNC Infratech.

FY25 capex should be close to revised aim of Rs 10.18 lakh crore, says govt source

While, the capital expenditure target for the current financial year was reduced to Rs 10.18 lakh crore from Rs 11.11 lakh crore earlier, the Budget for 2025-26 pegged it at Rs 11.21 lakh crore, almost flat on-year versus the initial aim.

Govt keeps NHAI’s borrowings to a minimum for 4th straight year

This move is part of the government’s efforts to reduce the highway developer’s debt. NHAI’s debt stood at Rs 3.44 lakh crore at the end of January 2022, against Rs 24,188 crore in 2014-15, a 14-fold rise in less than seven years

Govt to roll out barrier-free tolling on all national highways, high-speed corridors by FY29: Eco Survey

The Survey added that the construction of national highways has slowed down in 2024-25. Data shows that 5,853 km of national highway was constructed during April to December in FY25, while 6,215 km of NH was constructed in FY24 during the same period.