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CPPIB and Ontario Teachers' Pension Plan bag NHAI's maiden InvIT

CPPIB, Ontario Teachers' Pension Plan will be anchor investors of Rs 6k-cr issue

NHAI raises over Rs 5,000 crore through InvIT, says Nitin Gadkari

The Road Transport and Highways minister further said that subsequently, more national highways will be added to the InvIT portfolio.

NHAI developing EV charging infrastructure along highways: Gadkari

According to Gadkari, there is a massive response seen in the domestic market for electric scooters from new start-ups.

The way ahead: NHAI to put four more expressways on the fast track

They are the Ahmedabad-Dholera, Delhi-Amritsar-Katra, Bengaluru-Chennai and Kanpur-Lucknow stretches, which would be taken up next

Monetisation pipeline key for NHAI fund requirement: CRISIL report

Monetisation of road assets holds the key here as it accounts for 27 per cent of the NMP in value terms

Delhi-Mumbai Expressway to fetch Rs 1,000-1,500 cr every month: Gadkari

"Once the Delhi-Mumbai Expressway is completed and opened for the public, we will get at least Rs 1,000-1,500 crore as toll revenues every month," he told PTI in an interview.

Govt likely to ask anchor investors to hold 25% in monetised roads

The road ministry and the NHAI have finalised the proposal after some investors approached them to allow them a board seat on the SPV concerned

NHAI to be flag-bearer of Centre's Rs 6-trn asset monetisation plan

NHAI has planned an InvIT, but it has seen multiple deferments over the Covid disruptions. But a Rs 5,100-cr InvIT is now likely next month

Green highways mission: Over 5,000 km of avenue plantation work done so far

More than 5,000 kms of avenue plantation works worth Rs 650 crore have been executed so far under the National Green Highways Mission (NGHM), as per an official document

NHAI income per FASTag declines 8% as compliance rises, shows data

The number of vehicles, which was rising since the start of the year, dipped to 116.48 million in May when a majority of the states imposed lockdowns to curb the spread of coronavirus

RBI's surplus funds can be used for road projects, says Nitin Gadkari

Addressing a virtual CII meet, Gadkari said that the National Highways Authority of India should also have a financial arm such as the Power Finance Corporation

NHAI incurred revenue loss of around Rs 3,512 cr in FY21: Gadkari

This was due to Covid-19-related restrictions

NHAI's total borrowing rises to Rs 3.06 trillion in March 2021

The total borrowing of National Highways Authority of India (NHAI) increased to Rs 3,06,704 crore in March 2021 from Rs 74,742 crore in March 2017, Parliament was informed on Monday. Replying to a question in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said Since 2017, NHAI has availed external borrowing to the tune of Rs 3,000 crore. The minister informed that the amount of interest paid by NHAI in 2020-21 was Rs 18,840 crore. He also said that as of date, there are 140 arbitration cases pending before various arbitral tribunals, wherein an amount of Rs 91,875.70 crore of the contractors/ concessionaires claims and Rs 44,600 crore of NHAI's counterclaims is involved for adjudication. Further, there are 240 cases pending before the courts wherein Rs 21,601 crore is involved, he added. Replying to a separate question, Gadkari said the Centre has not notified green tax on older vehicles. However, state/UT governments of Andhra Pradesh, Telangana, Karnataka,

NHAI wants farmer strike at Delhi-Haryana border treated as force majeure

NHAI is of the view that the farmers' agitation led to stoppage of toll at the plazas.

More projects on road for NHAI's infrastructure investment trust

It is expected that the InvIT would overtake the toll-operate-transfer (TOT) projects as the preferred monetisation route for the authority during the current year

Ashoka Buildcon gains 5% on receiving LOA from NHAI for Rs 726 cr project

The company has received letter of acceptance from NHAI for development of Memmadpur (Ambala) - Banur (IT City Chowk) - Kharar (Chandigarh) Corridor for a bid price of Rs 726 crore

NHAI resumes infrastructure investment trust project with roadshows

The trust is being set up as a private listed InvIT to attract large institutional investors

Waive penalty on road developers hit by Covid-19 lockdowns: NHAI

Wants transport ministry to extend financial closure timeline

Top headlines: NHAI debt at new high, bourses to pay for glitches and more

Business Standard brings you the top headlines of the day.

NHAI debt reaches new high of Rs 3.2 trillion; toll revenue dips 4%

Borrowing up seven times in five years, growing at a CAGR of 47.6 per cent from Rs 45,300 crore at the end of March 2016