| National Highways Authority of India Related news |
NHAI may not get many bids for toll roads
Posted on 10th December 2018 |
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Mumbai: A liquidity crunch and concerns over asset quality is expected to weigh on the second attempt by the National Highways Authority of India (NHAI) to privatize operations on toll roads. Industry experts said response to the second round of toll-operate-transfer (TOT) auctions will be subdued compared to the robust first round. |
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NHAI to get Rs 10,000 cr: Gadkari
Posted on 16th November 2018 |
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Overwhelmed with the response for the first tranche of highway projects under the toll-operate-transfer (TOT) model, union minister for roads and highways Nitin Gadkari Thursday said he expects the second tranche to fetch over Rs 10,000 crore. The maiden bundle of nine highway projects under TOT was a huge success, which was over subscribed and had fetched NHAI Rs 9,681 crore. |
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RInfra wins Rs 16 crore vs NHAI; total awards at Rs 6,300 crore
Posted on 14th November 2018 |
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Reliance Infrastructure (RInfra) on Tuesday said it has won an arbitration award of Rs 16.14 crore against the National Highways Authority of India (NHAI), bringing the total amount it has won in arbitration awards in all infrastructure projects, to Rs 6,300 crore, till date. |
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NHAI to focus on executing contracts where all clearances are in place
Posted on 9th November 2018 |
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Tightening its fist on project financing, the road ministry, which aims to construct 30 per cent more roads each day this year, will focus on executing contracts where all requisite clearances are in place. Now, its construction wing — the National Highways Authority of India (NHAI) — is focusing on judiciously planning its expenditure for the current financial year. |
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Lenders, not NHAI have first right to IL&FS' sold highway projects
Posted on 1st November 2018 |
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Even if the 13 completed and incomplete projects of IL&FS are sold, the lenders — and not the Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) — will have the first right on the funds. These disputed projects include three in Assam, two each in West Bengal and Maharashtra, and one each in Meghalaya, Gujarat, Jharkhand, Karnataka, Jammu & Kashmir, and Uttar Pradesh. The arbitration claims in these projects are worth Rs 38.54 billion. |
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NHAI may acquire incomplete projects of IL&FS
Posted on 13th October 2018 |
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The National Highways Authority of India may acquire incomplete projects of the debt-laden Infrastructure Leasing & Financial Services (IL&FS), a senior government official said. “NHAI has flagged issues on projects of IL&FS to the ministry of roads, transport and highways,” the official said. “There can be negotiated settlement for incomplete projects since liquidity is a problem… |
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NHAI owes only Rs 425 crore to IL&FS: Officials
Posted on 25th September 2018 |
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NEW DELHI: National Highways Authority of India owes only Rs 425 crore to the embattled Infrastructure Leasing & Financial Services and the Mumbai-based infrastructure lender and developer has raised claims for about Rs 4,000 crore, which are currently under arbitration, a senior government official has said. |
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NHAI to popularise FASTags: Soon you may buy them at a petrol pump near you
Posted on 28th August 2018 |
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Betting big on technology for a seamless highway ride, the National Highways Authority of India (NHAI) will soon tie up with oil marketing companies for selling FASTags, as the authority is of the view that easy availability of these tags would lead to greater usage and less congestion on roads. |
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Sensex hits record high, Nifty breaches 11,400 mark
Posted on 6th August 2018 |
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Extending Friday’s rally, the benchmark BSE Sensex jumped over 200 points to record a new high of 37,790.72 in early trade, and NSE Nifty breached the 11,400 mark today on widespread buying by consumer durables, PSU and banking counters amid firm Asian cues. The Sensex spurted by 234.56 points, or 0.62 per cent, to hit a new high of 37,790.72, surpassing its previous record of 37,711.87 clocked on August 1. |
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Unsecured loan: NHAI to raise Rs 25k crore from SBI
Posted on 4th August 2018 |
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In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects. |
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