Road Monestisation
Domestic road logistics industry revenues likely to grow up to 9%: ICRA
The domestic road logistics industry is expected to register a growth of up to 9 per cent in revenues in the ongoing 2024-25 financial year, according to Icra. The organised road logistics sector had witnessed a growth 4.6 per cent in the 2023-24 fiscal year, the ratings agency said in a report. As per Icra, the industry logged a revenue of Rs 23,273 crore in FY24. "Icra expects the revenues of the Indian road logistics industry to grow by a moderate 6-9 per cent year-on-year (y-o-y) in FY25," it said. The agency further said it also maintains a stable outlook for the sector, fuelled by various government measures and policies in favour of the sector on expectations of good demand outlook from segments like e-commerce, FMCG, retail, chemicals, pharmaceuticals, and industrial goods. Srikumar Krishnamurthy, Senior Vice President & Co-Group Head Corporate Ratings, Icra Ltd, said, "In FY24, the growth was subdued on account of a relatively muted demand amid high inflation, an uneven .
 "Domestic road logistics industry revenues likely to grow up to 9%: ICRA")
Road rage on deal street: Changing landscape of highway construction biz
$11.3 billion worth of highways have changed hands since 2019, and road construction has moved out of the isolated universe of thekedars to embrace fund managers in fine suits
 "Road rage on deal street: Changing landscape of highway construction biz")
Top headlines: Go First lenders approve $55 mn infusion, Vi turnaround soon
Business Standard brings you the top headlines at this hour
 "Top headlines: Go First lenders approve $55 mn infusion, Vi turnaround soon")
Order rebound could lead to uptick for road infrastructure players
NHAI has front loaded awards because there was a large number of awards in April 2022
 "Order rebound could lead to uptick for road infrastructure players")
Bharat Highways InvIT to raise Rs 3,000-crore through rupee-term loans
To retire debt of seven road projects that it will acquire
 "Bharat Highways InvIT to raise Rs 3,000-crore through rupee-term loans")
NHAI delays third phase of road monetisation; to come with improved offer
NHAI's decision to delay the tender comes within a fortnight of the Union cabinet giving it flexibility to fix the tenure of future road monetisation contracts
 "NHAI delays third phase of road monetisation; to come with improved offer")
Second round of auction for road monetisation scrapped on low bids
The second bundle also involves an initial construction cost of Rs 929 crore and the total contract period is of 30 years, which may increase or decrease by 5 or 10 years, based on traffic
 "Second round of auction for road monetisation scrapped on low bids")
