| National Highways Authority of India Related news |
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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Five years on, NHAI likely to shut its electronic-tolling subsidiary
Posted on 30th July 2018 |
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With Life Insurance Corporation and ICICI Bank insisting on exiting Indian Highways Management Company Ltd (IHMCL), the National Highways Authority of India (NHAI) is likely to wind up the company, constituted five years ago to carry out electronic tolling and other ancillary works for it. These institutions, along with State Bank of India, hold 24.81 per cent stake in the company but do not see enough return from it. |
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NHAI set to change road monetisation offer due to low traffic fears
Posted on 21st July 2018 |
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Facing the prospect of low traffic volumes on some of its upcoming highways owing to parallel projects, the National Highways Authority of India (NHAI) has tweaked the second bundle of contracts to be offered under the toll-operate-transfer (TOT) model. The stretches that were found saturated in terms of traffic volumes will now be replaced with those earmarked for the third tranche of bidding. |
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NHAI to buy back 20 roads projects for 8,200 crore
Posted on 2nd July 2018 |
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New Delhi: The National Highways Authority of India (NHAI) will buyback 20 National Highway and another 19 state highway projects totalling about 3,160 kilometers which are managed by private players. The projects that have been identified include the much-delayed Muzaffarnagar-Haridwar and Ambala-Chandigarh stretches in north India and Tada-Nallore highway in Andhra Pradesh and Salem-Namakkal in Tamil Nadu. |
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NHAI to do pre-tender health check on highways, share data with bidders
Posted on 12th June 2018 |
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The National Highways Authority of India (NHAI), which is currently tendering road monetisation projects, has started of a unique data-sharing plan with prospective bidders. It is undertaking the task of conducting due diligence for the contracts prior to their bidding. NHAI will ascertain the health of TOT or toll-operate-transfer projects, which would then be offered to international investors for their operation and maintenance. |
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NHAI soon to rank roads, economic corridors for safety, better mobility
Posted on 18th May 2018 |
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With the aim of providing safe and better mobility to commuters, the National Highways Authority of India (NHAI) will soon start ranking roads periodically on various parameters, including safety management. Projects on marquee economic corridors of Delhi-Vadodara, Agra-Mumbai and Mumbai-Kolkata will be audited first and once the success rate of the gradation exercise is established, it will be extended to other highway contracts. |
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Small developers grab nearly half of NHAI’s road contracts in FY18
Posted on 14th May 2018 |
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Mumbai: Smaller developers won nearly half of all road-building contracts given out by the National Highways Authority of India in 2017-18, NHAI data compiled by investment bank Equirus Securities showed. The biggest contract winners were large companies such as Dilip Buildcon Ltd (Rs18,770 crore), IRB Infrastructure Developers Ltd (Rs8,900 crore) and Ashoka Buildcon Ltd (Rs5,500 crore). |
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SC directs NHAI to open Eastern Peripheral Expressway before May 31
Posted on 10th May 2018 |
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NEW DELHI: The Supreme Court today directed the National Highways Authority Of India (NHAI) to ensure that the newly constructed Eastern Peripheral Expressway, which is aimed at decongesting Delhi, is inaugurated on or before May 31. The apex court took exception to the 135-km Expressway, which envisages signal-free connectivity between Ghaziabad, Faridabad, Gautam Budh Nagar (Greater Noida) and Palwal, not being thrown open to the public despite being informed earlier that it would be inaugurated by April 20. |
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