Nhai

Govt unlikely to raise FY24 borrowing plan; bond yields may remain below 7%

Railways, NHAI asked not to borrow from market

Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways

The average trading volumes on the counter jumped three-fold as around 32.98 million shares changed hands on the NSE and BSE

GR Infra jumps over 4% after it emerges L-1 bidder for Rs 872 cr project

In the past one week, shares of this construction firm gained 1.7 per cent, as against 0.2 per cent rise in the S&P BSE Sensex

NHAI starts using steel slag in road construction on trial basis

State-owned National Highways Authority of India (NHAI) on Wednesday said it has started using steel slag in road construction on a trial basis in line with the government's 'Waste to Wealth' mission. NHAI in a statement said this initiative will help to address the challenge of shortage of material used in the development of National Highways and could replace natural aggregates, such as sand, gravel, or crushed stone, with the waste material from the steel industry. According to the statement, the authority permitted Central Road Research Institute (CRRI) to construct one km long trial patch in the Raigarh district for PQC of the Panvel Indapur section of NH 66 near Mumbai, where 100 per cent natural aggregates were replaced by steel slag derived aggregates. The results from the trial have been encouraging, it said. The statement noted that the use of such material in road construction will make construction more economical and promote the circular economy and resource efficienc

NHAI likely to discontinue fixed toll tax at Delhi-Gurugram Expressway

Currently, for a single journey, a car is charged Rs 80 while a bus or truck pays Rs 235 at the Kherki Dhala tolling booth

NGT slaps Rs 2 cr compensation on NHAI for flouting environmental norms

The National Green Tribunal has directed the National Highways Authority of India (NHAI) to pay a compensation of Rs 2 crore for failing to comply with environmental norms while constructing an eight-lane highway from Mukarba Chowk to Singhu border in Delhi. The tribunal was hearing a petition claiming the generation of dust because of the non-sprinkling of water at village Khampur and other stretches, and not following the principles of compensatory afforestation and non-compliance with the Green Highways (Plantation, Transplantation, Beautification and Maintenance) Policy. A bench of Chairperson Justice A K Goel noted that the tribunal in November last year had sought a factual report from the Central Pollution Control Board (CPCB) and the director of the national capital's environment department. The bench also comprising judicial members Justice Sudhir Agarwal and Justice Arun Kumar Tyagi, along with expert member A Senthil Vel, said the joint committee had submitted its report,

Delhi-Dehradun Expressway to be complete by December end: Nitin Gadkari

The construction work of the Delhi-Dehradun Expressway will be complete by the end of December this year, reducing the journey time between the two cities to two hours, Minister of Road Transport and Highways Nitin Gadkari said. "Work on the Delhi-Dehradun Expressway project will be over by December end and from January 1 next year people will be travelling from Dehradun to Delhi in just two hours," Gadkari said during a visit to Parmarth Niketan Ashram in Rishikesh on Sunday. A journey from Dehradun to Delhi at present takes around six hours. The union minister who visited the Ashram to take part in a Ganga Aarti along with family said the all-weather road project will make year-round Char Dham Yatra possible. "Char Dham Yatra goes on for six months at present. But, once the all-weather road project is complete, devotees can visit the Himalayan temples throughout the year," he said. Work on the ropeway project in Kedarnath whose foundation stone was laid by Prime Minister Narendr

Analysts pick road-construction stocks on strong order book, NHAI pipeline

At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1

Govt working to make India a global automobile manufacturing hub: Gadkari

The government is working towards making India a global automobile manufacturing hub and the domestic industry is expected to be worth Rs 15 lakh crore in the near term, Union Minister Nitin Gadkari said on Tuesday. Virtually inaugurating Tata Motor's vehicle scrapping facility in Jaipur, Gadkari said the automobile sector currently contributes to 7.1 per cent of the nation's GDP with the industry size at around Rs 7.8 lakh crore. "The auto sector gives direct and indirect employment to around 4 crore people and this number is expected to grow to 5 crore by 2025. I am working with a target to make India number one global automobile manufacturing hub and to take its size to Rs 15 lakh crore in the near future," he noted. Gadkari noted that the scrappage policy enables removal of older and unfit vehicles and introduction of new lesser polluting vehicles in a phased manner. "It is estimated that the automotive demand generated by the scrapping policy will lead to additional GST revenu

ED attaches bribe of Rs 20 lakh seized from an NHAI official under PMLA

The ED initiated the investigation under the PMLA based on the FIR filed by the CBI under various sections of the IPC, and Sections 7, 8, 9 and 10 of the Prevention of Corruption Act

NHAI prohibits entry of slow moving vehicles on Delhi-Mumbai Expressway

Two-wheelers, including motorcycles and scooters, three-wheelers, non-motorised vehicles, and tractors with or without trailers have been barred from entry

Centre aims to mop up Rs 75,000 cr from senior citizen savings scheme

Not to overshoot FY24 net borrowing target of Rs 11.8 trillion

Himachal CM Sukhu meets Nitin Gadkari, discusses ongoing NHAI projects

Chief Minister Sukhu said, 'I have urged Union Minister Nitin Gadkari for construction of flyovers to ease traffic congestion besides reducing distance and saving commuters time'

Gadkari unveils advanced drone air traffic management system 'Skye UTM'

Union Minister for Road Transport and Highways Nitin Gadkari on Wednesday unveiled Skye UTM, touted as the most cutting-edge unmanned traffic management system in the world

Budget 2023: Govt increases allocation to NHAI to Rs 1.62 trillion for FY24

With the government betting big on infrastructure, finance minister Nirmala Sitharaman on Wednesday increased allocation to state-owned National Highways Authority of India (NHAI) to Rs 1.62 lakh crore for 2023-24 from last year's revised allocation of Rs 1.42 lakh crore. The Union Budget 2023-24 has allocated an enhanced outlay of Rs 2.70 lakh crore for the highways sector. An allocation of Rs 1.99 lakh crore was made for the highways sector for 2022-23, which was revised to Rs 2.17 lakh crore. NHAI and National Highways and Infrastructure Development Corporation Ltd (NHIDCL) are primarily responsible for the construction of national highways and expressways in India.

FASTag collections hit Rs 50,000 cr in 2022, up 46% YoY: NHAI data

Data pegs monthly toll collections at Rs 4200 crore, signalling stronger adoption in national and state highways

Total toll collection via FASTag grows 46% to Rs 50,855 cr in 2022: NHAI

Total toll collection through FASTag on fee plazas, including state highway toll plazas, increased 46 per cent to Rs 50,855 crore in 2022, state-owned NHAI said on Tuesday. Total toll collection through FASTag on fee plazas, including state highway toll plazas, in 2021 was Rs 34,778 crore. The average daily toll collection through FASTag on NH fee plazas in December 2022 was Rs 134.44 crore, and the single day highest collection touched Rs 144.19 crore on December 24, 2022, the National Highways Authority of India (NHAI) said in a statement. Similarly, the statement said the number of FASTag transactions also witnessed a growth of about 48 per cent year-on-year in 2022. The number of FASTag transactions in 2021 and 2022 was 219 crore and 324 crore, respectively, it added. The statement said with 6.4 crore FASTags issued as of date, the total number of FASTag-enabled fee plazas across the country also grew to 1,181 (including 323 state highway fee plazas) in 2022 from 922 in the ..

Nitin Gadkari calls for efforts by all to reduce road accidents by 50%

During the event, megastar Amitabh Bachchan, Isha Foundation founder Sadhguru and many other stakeholders discussed the key issues related to road safety

NHAI focuses on training to enhance engineering measures on road safety

To propagate the cause of safer roads for all, 'Road Safety Week' is being observed from 11-17

No data available on faulty FASTags, penalties collected from users: NHAI

State-owned NHAI has no information about faulty FASTags and the penalties collected from motorists in case their FASTags are non-functional at highway toll plazas. In case a motorist does not have a FASTag or it is non-functional, then the person has to pay double the toll charges at toll plazas. According to the National Highways Authority of India (NHAI), more than 6 crore FASTags have been issued as on October 31, 2022. However, it has no information about the number of faulty FASTag cases and the total amount of penalty collected from users despite having their vehicles fitted with the Radio Frequency Identification (RFID) tag. In response to RTI queries about the number of faulty FASTag cases and the amount of penalties collected from the users for non-functional FASTags, NHAI said, "no such data is available". "Total no. of 60,277,364 FASTags have been issued till 31.10.2022," it said in response to an application filed by PTI under the Right to Information Act. A FASTag a