Business Standard

Monday, December 23, 2024 | 09:03 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

NHAI settled 60 disputes for Rs 4,076 cr vs claims of Rs 14,590 in FY22

The authority had settled disputes worth Rs 14,207 crore for Rs 5,313 crore in FY21, with settlement amount being 37% of claimed amount

Construction of the Kanpur-Lucknow expressway is expected to start from December this year, as nearly 70 per cent of the land acquisition is complete.
Premium

Dhruvaksh Saha New Delhi
The National Highways Authority of India (NHAI) settled 60 dispute cases for Rs 4,076 crore with contractors and concessionaires in the financial year 2021-22.

The settlement amount comes against claims made for Rs 14,590 crore, the authority said.

NHAI had settled disputes worth Rs 14,207 crore for Rs 5,313 crore in the fiscal before that, with settlement amount being 37 per cent of the claimed amount.

In 2021-22, the highways authority's settlement amount accounted for almost 28 per cent of the claimed amount.

"In its endeavor for faster settlement of claims through conciliation and reduce liabilities thereby, National Highways Authority
Topics : NHAI

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in