Page 3 - National Highways Authority Of India

235 critical road infrastructure projects shortlisted under GatiShakti

These would be for immediate execution and be overseen by MoRTH

Canada pension fund's Indian arm acquires Peripheral Expressway

Deal for Rs 6,267 cr is the largest road acquisition under government's asset monetisation programme this year

Nitin Gadkari wants retail investors to pip institutions in NHAI InvIT

Next InvIT issuance will have higher reservation for retail investors, says MoRTH Secretary Upadhyaya

Retail portion of NHAI InvIT to rise going ahead, says Nitin Gadkari

Enthused by the overwhelming retail investor response to the recent InvIT from NHAI, wherein NCDs worth Rs 1,430 crore were issued, Union Highways Minister Nitin Gadkari on Friday said the retail portion will go up in new such fund-raising ahead. The minister was addressing a gathering at BSE after listing the second tranche of the NHAI Infrastructure Investment Trust (InvIT) and NCD, which earlier this month raised Rs 1,430 crore and the issue was oversubscribed nearly seven times. As much as 25 per cent of the issue was reserved for retail investors, but NHAI had not said how many times the retail portion was oversubscribed instead saying it had an overwhelming response. Infrastructure investment trusts are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time. "We want more and more general public to invest in these InvITs, I mean in our roads, and I can assure you that NHAI's roa

Highways authority to hold officials liable for any fatal accidents

National Highways Authority of India (NHAI) will hold officials liable for any fatal or serious accidents that occur as a result of poor road engineering works. NHAI in a circular said the authority has taken a serious view towards the dereliction of duty by the representative of NHAI/IE/AE involved in the process of issuance of the provisional certificate, thereby jeopardising the safety of users in utter disregard of the policy guidelines and provisions of the contract agreement. "However, it has come to notice that provisional completion certificates are being issued keeping safety works such as road marking, road signages, end treatment of crash barriers in the punch list, which not only compromise the safety of users but also bring a bad name to NHAI upon the occurrence of accidents/ fatalities," the circular said. The pending items are put under a category called a punch list. "It must be ensured that road safety works on the project highway are complete in all respects prior

IRB Infra soars 10%, most among A-group stocks, after 3x price target

Debt reduction, renewed govt focus on BOT projects, attractive valuations and strong revenue growth forecasts could lead to a re-rating of the stock

No immediate plan to get retail investors into NHAI InvIT: CEO Suresh Goyal

Talks underway with Sebi to make private-listed InvIT into public

Govt fines Ramban Tunnel contractor Rs 8.5 cr for collapse that killed 10

The highway authority has ordered the immediate removal of key personnel involved in the project and their debarment for a period of one year

CCI okays equity and CCD allotment of five highway SPVs by Indinfravit

The five SPVs are engaged in operating and maintaining highways in the states of Andhra Pradesh, Uttar Pradesh, Bihar and Maharashtra

NHAI raises Rs 1,217 crore through InvIT, adds three road projects

Last year, the InvIT saw investments from CPP Investments and Ontario Teachers' Pension Fund at an enterprise value of Rs 8011 crore

NHAI's InvIT plans to raise Rs 2,000 cr to acquire road assets: Report

The Infrastructure Investment Trust (InvIT) is planning to raise Rs 2,000 crore from investors to acquire two to three road assests from its parent firm

Two sweeping reforms likely in debt-ridden NHAI's HAM framework

Authority plans to slash developer upfront payment, reduce timeline for financial closure

Nitin Gadkari lays foundation of 7 NH projects worth Rs 1,128 cr in Gwalior

Union Minister for Road Transport and Highways Nitin Gadkari inaugurated and laid the foundation stone of seven National Highway projects with a total length of 222 km in Gwalior worth Rs 1,128 crore

Nitin Gadkari invites US bizmen to invest in Indian highway projects

The minister recently announced that the NHAI InvIT will soon be open to retail investors, and will assure them a minimum return of 7-8 per cent.

Govt working on developing electric highways, says Nitin Gadkari

The government is working on developing electric highways powered by solar energy, that will facilitate the charging of heavy duty trucks and buses, Union road transport and highways minister Nitin Gadkari said on Monday. Addressing an event organised by the Indo-American Chamber of Commerce (IACC), Gadkari reiterated that the government wants to develop India's public transport system on electricity. "The government is strongly encouraging solar and wind energy-based charging mechanisms for electric mobility. "We are also working on developing electric highways, which will be powered by solar energy and this will facilitate charging of heavy duty trucks and buses while running," he said. An electric highway generally refers to a road which supplies power to vehicles travelling on it, including through overhead power lines. Gadkari said that the government is also encouraging toll plazas to be powered by solar energy. The minister said the road ministry has conducted route ...

Govt to develop electric highways powered by solar energy: Nitin Gadkari

The government is working on developing electric highways, which will be powered by solar energy, that will facilitate the charging of heavy duty trucks and buses, Union road transport and highways minister Nitin Gadkari said on Monday. Addressing an event organised by the Indo-American Chamber of Commerce (IACC), Gadkari reiterated that the government wants to develop India's public transport system on electricity. "The government is strongly encouraging solar and wind energy-based charging mechanisms for electric mobility. "We are also working on developing electric highways, which will be powered by solar energy and this will facilitate charging of heavy duty trucks and buses while running," he said. An electric highway generally refers to a road which supplies power to vehicles travelling on it, including through overhead power lines. Gadkari said that the government is also encouraging toll plazas to be powered by solar energy. The minister said the road ministry has conduct

National Highways Infra Trust to raise Rs 2,350 cr via bonds, bank loans

To fund acquisition of three projects from NHAI, with which it will sign a concession agreement for 20 years

NHAI violated contract sanctity, gave concessionaires undue perks: CAG

The top auditory body found that concessions in 20 projects led to deferments of Rs 9,296 crore premium payable to NHAI between 2014 and 2019

Links between infra & growth

It's hard to argue that infrastructure is now the binding constraint

NHAI pays Rs 308 cr arbitral award to IRB Infra SPV in payments dispute

Amount is 75% of total award for Pathankot-Amritsar told road project, matches union cabinet guideline.