India News
Search Web Directory
News Home
NHAI to focus on executing contracts where all clearances are in place
Posted on 9th November 2018
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.

The length of highways completed by the Ministry of Road Transport and Highways, the NHAI and the National Highways & Infrastructure Development Corporation Limited (NHIDCL) in 2017-18 was 9,829 km, or roughly 27 km per day.

“This year we would construct 15,000 km or 30 per cent more roads per day than what we did last year,” a senior official said.

Union Road Minister Nitin Gadkari had earlier said the daily day road construction target for the current financial year (2018-19) is 45 km. However, the internal target of the ministry is about 35 km per day by the end of this year, an official said, requesting anonymity.

The move is aimed at judiciously planning the expenditure by the central government, the NHAI and the NHIDCL. “Since the NHAI has to borrow money, we only want to invest in the projects that will give returns. We will also focus on completing the pending projects,” an NHAI official said.

The NHAI's borrowings during the current year are Rs 620 billion. In August, the authority tied up loan worth Rs 250 billion with the State Bank of India.

Experts believe that this is a step in the right direction as project implementation is faster once the necessary clearances are in place. “The approach would ensure that the financial costs incurred can derive economic benefits in the shortest time possible,” said Kushal Kumar Singh, partner, Deloitte Touche Tohmatsu India LLP.

Citing an example, Singh said the Jaipur-Kishengarh six-lane project was executed in 24 months because the land acquisition for the contract was in place.

Even as there is nearly a 30 per cent increase in the per day per kilometre of road construction target for the fiscal, in terms of lane kilometers, the target remains 94 km lane per day by the end of this year. A lane-km is defined as a kilometre-long segment of a road that is a single lane in width. For example, a 1-km stretch of a standard two-lane road represents two lane-kilometre).

Related Companies: National Highways Authority of India   

Other Latest News
NTPC plant kills two birds with one stone: Converting Swachh Bharat into electricity generation
Posted on 20th March 2019
State-owned power producer NTPC Tuesday said its 200 kilo watt (kW) waste-to-energy plant in Karsada has achieved full generation capacity.

The plant is located in Karsada at Varanasi, Uttar Pradesh (UP).”Karsada plant has been able to achieve full load generation. Set up with an installed capacity of 200 kW, the thermal gasification-based pilot scale 24 tonne per day waste to energy plant has achieved full generation capacity,” NTPC said in a statement.

RCom shares continue to gain, rally 10 per cent
Posted on 20th March 2019
New Delhi: Shares of Reliance Communications further zoomed 10 per cent to hit the highest trading permissible limit for the second day in a row on Wednesday after the company cleared dues of Swedish service provider Ericsson.

The scrip rose sharply by 10 per cent to Rs 4.84 -- its upper circuit limit -- on the BSE.

Vodafone Idea sets terms for USD 3.6 billion worth rights issue
Posted on 20th March 2019
Vodafone Idea Ltd, India’s largest telecommunications company by subscribers, on Wednesday approved 250 billion rupees (USD 3.63 billion) rights issue at a sharp discount, sending its shares tumbling.

The deal is the second major fundraising by an Indian telco this year after Bharti Airtel Ltd announced a similar plan to reduce debt and fund operations in a market blighted by steep price competition.

Sensex, Nifty rise on sustained foreign fund inflow
Posted on 20th March 2019
Benchmark indices opened on a positive note on Wednesday on sustained foreign fund inflow ahead of March derivatives expiry.

However, gains were capped as Asian shares fell across the board in line with overnight drop in US stocks. Rising crude oil prices too worried investors.

The Centibillionaires: Bill Gates joins Jeff Bezos as the only two members of the $100 billion club
Posted on 20th March 2019
Bloomberg tracks the fortunes of some 2,800 billionaires. Of those, 145 are worth at least $10 billion, making them decabillionaires. Now, the world contains two centibillionaires simultaneously.

Microsoft Corp. co-founder Bill Gates, once the world’s richest person, has again eclipsed the $100 billion threshold, joining Inc.’s Jeff Bezos in the exclusive club, according to the Bloomberg Billionaires Index.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for NHAI to focus on executing contracts where all clearances are in place
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Security Code*

Be the first person to write a business review for NHAI to focus on executing contracts where all clearances are in place

Most Read News

Court denies interim relief to Kotak Bank

Reliance Communications pays Rs 462 crore to Ericsson

BSNL fails to pay February salary to 1.76 lakh employees

BoB-led consortium puts Rs 2,311 crore Garden Mills loan up for sale

SBI board may extend Rs 20k-cr mop-up to FY20

More India News

Photo Gallery

Lion(10 Images) Lion
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
About us
Link to us
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019
    All Rights Reserved
Privacy Statement