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

GST Council may give relief to NHAI toll contractors in upcoming meet

The council's fitment committee has recommended exemption from GST on toll-operate-transfer contracts, which can benefit private road developers such as Adani Enterprises and IRB Infrastructure

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

Road developers set to gain from NHAI’s asset monetisation push

Monetising road assets through TOT and the rising FASTag collections could help garner funds for NHAI’s new projects

IRB Infra is looking at 20% on year growth in toll revenue in 2023-24

Slowdown in exports, e-commerce and even the forthcoming elections will not have a great impact on the company’s bottomlines. The company is in fact, hoping to expand its orderbook and reduce debt in the near term.

NHAI’s InvIT paves the way for faster asset monetisation of roads

NHAI InvIT’s NCD issue, a safe fixed instrument investment for retail investors, will help the government monetise income-generating road assets

Toll Operate Transfer: Will NHAI be able to steer past coronavirus-induced roadblocks?

Questions remain over the efficacy of the TOT model in an economic environment which is not expected to shake off the jitters of the coronavirus pandemic anytime soon

Roads sector: Another growth engine slams on the brakes

Revenue collection barely covers the interest servicing cost of these projects, let alone project returns, says an SBI Caps report

Following tepid response, NHAI scraps second round of TOT bids

Sources told Moneycontrol that NHAI could merge these stretches with highway stretches under other rounds of bids.

NHAI yet to take call on awarding O&M rights to Cube Infra under second round of TOT

Officials from NHAI, however, refused to comment and said that the decision was yet to be taken

NHAI extends bid date till December 19 for second round of TOT

TOT is a mechanism adopted by NHAI where the authority auctions operational assets (highways). The highest bidder deposits the money (bid amount) upfront with NHAI which it uses as capital to be invested in construction of new highways.

Highway Monetisation: NHAI extends due-date till December to invite bids under second phase of TOT

Union minister of road transport and highways, Nitin Gadkari, will also host a “road show” in Mumbai on November 15th to invite prospective bidders to invest in these projects

Telangana announces first TOT auction, plans to raise Rs 3,000 crore against Nehru Outer ring road

The Telangana government would most likely float the auction tender by second week of April and expects to raise approximately Rs 3,000 crore from the exercise

NHAI hints at no tweaks in future TOT bundles, plans to bring out second tranche by March-end

Sources indicated that the next bidding process would not involve any changes in the model even as DPR for 1,700 km of highways are being studied to finalise the tranches

Seeking ToT for Rafale would not have been cost effective: Govt

Replying to a question in the Lok Sabha, Defence Minister Nirmala Sitharaman said, "The license manufacturing/transfer of technology was not sought as it would not have been cost effective for a order of this size."

NHAI may not meet award and execution target for FY17: Icra

National Highways Authority of India (NHAI) is likely to miss the target for awarding and execution of road projects by a "wide margin", going by the progress so far, domestic rating agency Icra said today.

Javelin JV, Tata Power to develop, produce missile system

Javelin Joint Venture team, a partnership between Raytheon and Lockheed Martin which lost out on a lucrative deal with Indian Army, has joined hands with Tata Power Company to co-develop and produce the Javelin anti-armour missile system.

MEP Infra plans to raise Rs 1000 cr via InvITs: Sources

According to sources, MEP is eyeing raising Rs 1000 crore from InvITs to cut on debt and use the revenue to bid for toll-operate-transfer (TOT) and operate-maintain-transfer (OMT) projects.