NHAI starts Rs 250 bn MTN programme on India INX's Global Securities Market
Posted on 5th April 2018 |
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National Highways Authority of India has established its Rs 250 billion Medium Term Note (MTN) programme on India INX’s Global Securities Market. India INX is a wholly-owned subsidiary of BSE Ltd and its Global Securities Market platform offers fundraising framework from global investors on a par with other international venues. Since its launch in January 2018, Indian issuers have established programs of $21 billion on this new platform. |
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Highway construction grew 20 pct in 2017-18
Posted on 4th April 2018 |
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Construction of highways hit 27 km/day in 2017-18, clocking a 20% growth over the 22.5 km/day in the previous fiscal, though the improved rate is a far cry from the government’s target to build roads at a scorching pace of 41 km/day. Highway construction has been a priority for the Modi government. When the new dispensation took over in May 2014, the construction rate was at 11.67 km per day. |
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NHAI awards Rs 13.95 billion contract for widening highways in Karnataka
Posted on 23rd March 2018 |
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NHAI has awarded two projects worth Rs 13.95 billion in Karnataka to Ashoka Concessions and Dilip Buildcon for widening of stretches of NH 4A, an official statement said today. The four-laning of Belgaum-Khanapur Section of about 30 km has been awarded to Ashoka Concessions on Hybrid Annuity Mode at a cost of Rs 8.92 billion, it said. |
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Highways authority plans equity funding mechanism
Posted on 19th March 2018 |
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New Delhi: The National Highways Authority of India (NHAI) is working on an equity-funding model for its upcoming expressway and economic corridor projects, auctioning them before they are built. The idea, a first for the state-run authority, comes after the success of the authority’s toll-operate-transfer (ToT) model. The model will be tried for NHAI’s greenfield expressway projects under the Rs5.35 trillion-Bharatmala programme where 34,800km of national highways will be developed. |
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Dilip Buildcon bags Rs 770 crore road project from NHAI
Posted on 9th March 2018 |
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Highway developer Dilip Buildcon (DBL) today said it has bagged a road project worth Rs 770.04 crore in Uttar Pradesh from NHAI. "The company has been declared L-1 bidder by the National Highways Authority of India (NHAI) for a new engineering, procurement and construction (EPC) project in Uttar Pradesh," Dilip Buildcon said in a BSE filing. |
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NHAI seeks to auction 1,720km of highways
Posted on 20th February 2018 |
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New Delhi: Enthused by investors’ response to its toll-operate-transfer (TOT) model, aimed at monetizing India’s publicly funded highways, state-run National Highways Authority of India (NHAI) is planning to auction toll collection for road length totalling around 1,720km. The auction is expected to fetch the government around Rs15,000 crore, said a person aware of the development requesting anonymity. |
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Border, Northeast push take ministry ahead of NHAI in road project awards
Posted on 6th February 2018 |
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More than 15 years ago, the Bharatiya Janta Party (BJP) -led National Democratic Alliance (NDA) government of the time made an incumbent's election pitch around the so-called ‘India Shining’. Key to this pitch was the ‘Golden Quadrilateral’ project of National Highway Authority of India (NHAI). Today, a decade and a half later, under another BJP-led NDA government at the Centre, the scenario is quite different – now, it is the road transport ministry that seems to be calling the shots, not NHAI. |
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RInfra wins NHAI project worth Rs 8.82 bn for six-laning NH-2 section
Posted on 30th January 2018 |
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Anil Ambani-controlled Reliance Infrastructure Ltd on Monday said it has received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for Rs 8.82 billion on a engineering, procurement and construction (EPC) basis. RInfra added the company emerged as the lowest bidder for the project after quoting a bid of Rs 8.82 billion for the project for the six-laning of Aurangabad to Bihar–Jharkhand border (Chordaha) section of NH-2 in Bihar. |
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Fund mobilisation: NHAI to float arms, start listing process in early FY19
Posted on 12th January 2018 |
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Keen on mobilising funds to accelerate the pace of highway construction, the National Highways Authority of India (NHAI) will tap the capital market in early FY19 through a few subsidiaries that would be created. Being an authority, it cannot have an initial public offer (IPO) on its own. “We are now thinking of forming subsidiaries. The process might start early in the next financial year,” NHAI chairman Deepak Kumar told FE. |
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