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NHAI lays down procedures for extensive audits to enhance road safety

NHAI has laid down extensive policy procedures for carrying out Road Safety Audit and responsibilities has been earmarked for all stakeholders for facilitating the audit

Capital expenditure by CPSEs at 68% of FY23 target by December

Petroleum CPSEs and National Highways Authority of India (NHAI) have so far driven the capex among CPSEs

From RIL to L&T and Adani, corporate giants build on EPC rule change

A shift from the high-debt hybrid annuity scheme for infra projects to a low-debt, performance-linked model is encouraging government and private majors to pivot to this business in a bigger way

HC asks NHAI to respond to plea challenging collection of double toll tax

The Delhi High Court sought on Friday the response of the National Highways Authority of India (NHAI) and the Centre to a plea challenging the rule making it compulsory for vehicles without FASTag to pay double the the toll tax. A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad issued notices to the NHAI and the Ministry of Road Transport and Highways (MoRT&H) on the petition which contended that the rule was discriminatory, arbitrary and against public interest as it empowers the NHAI to collect toll at double the rate, if paid in cash. The high court granted four weeks to the authorities to file their replies and listed the matter for further hearing on April 18. Petitioner Ravinder Tyagi, represented by advocate Praveen Agrawal, has sought the quashing of a provision of the National Highway Fees (Determination of Rates and Collection) Amendment Rules, 2020 read with MoRT&H letters and NHAI circular due to which commuters without a FASTag on their

235 critical road infrastructure projects shortlisted under GatiShakti

These would be for immediate execution and be overseen by MoRTH

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

NGT forms panel to verify charges of NHAI violating environmental norms

The National Green Tribunal (NGT) has directed the formation of a committee to verify the factual position and ensure remedial action regarding allegations of the National Highways Authority of India (NHAI) violating environmental norms while constructing a highway from the Mukarba chowk to the Singhu border here. A bench of Chairperson A K Goel noted that according to the petition, the NHAI had failed to comply with environmental obligations while constructing the eight-lane highway. The bench, also comprising judicial member Justice Arun Kumar Tyagi and expert members Afroz Ahmad and A Senthil Vel, noted that the petition alleges that though the NHAI has claimed that it has planted 1,760 trees, the said plantation was around 20 km away from the location where trees were felled because of the project. According to the petition, there was non-compliance of the provisions of the Green Highway (Plantation, Transplantation, Beautification and Maintenance) Policy, 2015 and the secretary

Govt mulling to double retail component in NHAI InVIT bonds: Gadkari

Union Minister Nitin Gadkari on Friday said the retail component in NHAI's InVIT bonds will be doubled to 50 per cent. Speaking at a meeting held here virtually, the Union minister for road transport and highways said the debut issue of the National Highway Authority of India (NHAI) infrastructure investment trust (InVIT) got a good response, and every common citizen of the country can play a role in nation building by helping finance the infrastructure. "We have reserved 25 per cent of InVIT bond for retail investors. Now we are planning to increase this limit to 50 per cent," Gadkari said. Citizens can invest anything upward of Rs 10,000 and get a return of 8.5 per cent per annum on their investments, Gadkari said, thanking the investor community for the over subscription of seven times in the maiden bond issuance of Rs 1,500 crore which listed last month. Speaking to an audience comprising institutional investors, the minister made a plea for more money saying the government's .

NHAI now accepts electronic bank guarantees, aims to adopt digital tech

The National Highways Authority of India (NHAI) has started accepting electronic bank guarantees and digitalised all its existing bank guarantees, an official statement said on Wednesday. The move is aimed at improving the efficiency and transparency of internal processes and taking forward the adoption of digital technology. NHAI is using the electronic bank guarantee services of the National e-Governance Services Ltd, which helps in the reduction of physical paper movement, doing away with physical storage needs and easy access to the bank guarantee life cycle, including renewal. Few electronic bank guarantees (E-BGs) have already been issued by banks in favour of NHAI. "E-BGs promote transparency, bring in several efficiencies and provide ease of doing business to our stakeholders," Alka Upadhyaya, Secretary, Ministry of Road Transport and Highways & Chairperson, NHAI, said.

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

NHAI InvIT to be listed on stock exchange on Friday: Check details here

NHAI's Infrastructure Investment Trust (InvIT) which has been oversubscribed by about five times will be listed on the Bombay Stock Exchange on Friday. 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. "The round#2 of InvIT has been oversubscribed almost 5 times in 10 per cent of the scheduled tenure," the Ministry of Road Transport & Highways said in a statement on Thursday. Tomorrow is the historic day as these InvIT NCDs will be listed on BSE and Road Transport and Highways Minister Nitin Gadkari will ring the bell marking a great beginning for public participation in infra funding, the statement said. "This round is special because 25 per cent of the non convertible debentures (NCDs) are reserved for retail investors," the statement said. With this option retired citizens, salaried individuals, small and medium business owners have a ..

Highway construction slows down, one-fourth target achieved till September

The Covid-19 pandemic and an unusually long rainy season have kept the authorities from reaching the annual highway construction target of 12,000 km

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

NHAI InvIT looks to raise additional Rs 3,800 cr: Minister Nitin Gadkari

National Highways Infra Trust (NHAI InvIT) is looking to raise additional Rs 3,800 crore, Road Transport and Highways Minister Nitin Gadkari said on Thursday. Addressing an event organised by National Highways Infra Trust, Gadkari said that of the additional fundraise, around Rs 1,500 crores are being garnered through an issue of non-convertible debentures (NCDs) with a long-dated maturity of 24 years. These InvIT bonds will be listed on BSE and NSE providing an opportunity for investors to invest and trade, he added. NHAI InvIT is the infrastructure investment trust sponsored by the National Highway Authority of India (NHAI) to support the government's National Monetisation Pipeline (NMP). Gadkari said that the InvIT, so far, has raised more than Rs 8,000 crore from foreign and Indian institutional investors.Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flo

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

NHAI INvIT raises Rs 1,430 crore for funding acquisition of road projects

The National Highways Infra Trust (NHAI InvIT) has raised Rs 1,430 crore from domestic and international investors, through placement of its units, for part funding its acquisition of three road projects from NHAI, an official statement said. NHAI InvIT is the infrastructure investment trust sponsored by the National Highway Authority of India (NHAI) to support the government's National Monetisation Pipeline (NMP). Infrastructure Investment Trusts (InvITs) 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 The Ministry of Road Transport and Highways (MoRTH) in a statement said the units have been subscribed by a gamut of institutional investors, including Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan Board, State Bank of India, SBI Pension Fund, SBI Mutual Fund, IOCL Employee Provident Fund, L&T and Staff Provident Fund, among others. According to the ..

Gurugram-Jaipur stretch of Delhi-Mumbai expressway to be completed by Nov

After the completion of the project, the travel time from Gurugram to Jaipur will be reduced to two and a half hours

National Highways Infrastructure Trust issues Rs 1,500-crore NCDs

Minister Gadkari had said will tap public funds for highways

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