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NHAI projects

NHAI implements flood response plan amid above-normal monsoon forecast

Rainfall in July is expected to surpass 106 per cent of the long-period average, which serves as the standard measure, the India Meteorological Department (IMD) said

NHAI implements flood response plan amid above-normal monsoon forecast
Updated On : 03 Jul 2024 | 10:45 AM IST

NHAI to start work on Rs 4,000-cr Chattergala tunnel in J-K: Nitin Gadkari

The NHAI will begin work on the Rs 4,000-crore Chattergala tunnel in Jammu and Kashmir at the earliest, Union Minister of Road Transport and Highways Nitin Gadkari said on Monday. Gadkari on Monday chaired a review meeting that was also attended by Union Minister of State in the Prime Minister's Office (PMO) Jitendra Singh. "The prestigious Chhatergala tunnel work, costing about Rs 4,000 crore, will be executed by the National Highways Authority of India (NHAI) and the underpasses on the Kathua express corridor section, wherever demanded by the public, will be undertaken at the earliest," an official spokesperson said after the review meeting. During the meeting, Singh thanked Gadkari for accepting most of the suggestions and proposals put across by him. Singh said the proposal for the tunnel was initiated about six years ago and the detailed project report prepared by the Border Roads Organisation but the work could not be started due to a lack of funds. Now, it has been decided

NHAI to start work on Rs 4,000-cr Chattergala tunnel in J-K: Nitin Gadkari
Updated On : 17 Jun 2024 | 8:23 PM IST

NHAI's road assets monetisation can fetch up to Rs 60,000 cr FY25: ICRA

Rating agency ICRA on Thursday said state-owned NHAI's targeted asset monetisation of road assets could fetch the government up to Rs 60,000 crore in the current fiscal year. In April 2024, the National Highways Authority of India (NHAI) had released an indicative list of 33 road assets it plans to monetise in FY2025, through a mix of toll-operate-transfer (TOT) and sale to the NHAI's Infrastructure Investment Trust (InvIT). These assets are spread across 12 states, cumulatively spanning nearly 2,750 km and with an annual toll collection of Rs 4,931 crore. "ICRA estimates a monetisation potential of Rs 53,000 crore to Rs 60,000 crore from the sale of 33 road assets through TOT/ InvIT mode," it said. NHAI intends to club the 33 identified assets into large (more than Rs 6,000 crore), medium (about Rs 3,000 crore - Rs 4,000 crore) and smaller bundles (Rs 1,000-3,000 crore), for different types of investors. Under the government's National Monetisation Pipeline (NMP), road sector ...

NHAI's road assets monetisation can fetch up to Rs 60,000 cr FY25: ICRA
Updated On : 23 May 2024 | 5:48 PM IST

From helipads to drone zones: Here's how NHAI plans to transform highways

NHAI has set an ambitious target of establishing 1,000 wayside amenities over the next five years, translating to one facility every 50 kilometres along national highways

From helipads to drone zones: Here's how NHAI plans to transform highways
Updated On : 01 May 2024 | 12:15 PM IST

NHAI identifies 33 highway stretches of 2,741 km for monetisation in FY25

State-owned National Highways Authority of India (NHAI) has identified 33 highway stretches cumulatively spanning 2,741 kilometres to monetise during the current financial year through toll operate transfer (TOT) and infrastructure investment trust (InvIT) modes. The identified stretches include Lucknow-Aligarh, Kanpur-Ayodhya-Gorakhpur, and Bareilly-Sitapur in Uttar Pradesh, Gurugram-Kotputli-Jaipur bypass and Jaipur-Kishangarh in Rajasthan, Panikoili-Rimuli in Odisha, Chennai bypass in Tamil Nadu, and Muzaffarpur-Darbhanga-Purnia highway in Bihar. "The asset would be monetized through ToT/InvIT modes. "NHAI will have discretion to review and change the above list and modes of monetization," the agency said. NHAI has raised Rs 40,314 crore through various modes of asset monetisation in 2023-24 against the target of Rs 28,868 crore. NHAI's asset monetisation has crossed Rs 1 lakh crore till date. The Ministry of Road, Transport and Highways (MoRTH) had raised Rs 32,855 crore in .

NHAI identifies 33 highway stretches of 2,741 km for monetisation in FY25
Updated On : 18 Apr 2024 | 3:50 PM IST

Nhai signs agreement with HLL Life Care for incident management system

State-owned NHAI has signed an agreement with HLL Life Care Ltd to strengthen incident management systems and assist accident victims on National Highways, an official statement said on Friday. The MoU will help NHAI to strengthen its existing incident management system, which includes ambulances, route patrol vans & cranes, real-time tracking, and supportive supervision, the statement said. This will improve response time and facilitate referral of accident victims to the nearest health facilities, establishing a seamless process for incident management, it added. The pact will include Operation & Management of Trauma Centres/Emergency Stabilization Centers to maximize assistance during the golden hour and improve health outcomes. In addition, HLL Lifecare Limited will provide services for comprehensive geo-tagging, mapping and engagement of health facilities and trauma centres across National Highways to enhance the emergency medical response by linking health facilities ...

Nhai signs agreement with HLL Life Care for incident management system
Updated On : 08 Mar 2024 | 7:04 PM IST

Highway Infrastructure Trust to acquire 12 road projects for Rs 9,005 cr

Highway Infrastructure Trust has signed definitive agreements with PNC Infratech Ltd and PNC Infra Holdings Ltd for acquisition of 12 road projects at an enterprise value of Rs 9,005.7 crore. The target portfolio comprise 11 Hybrid Annuity (HAM) concessions from NHAI and 1 toll road concession from Uttar Pradesh State Highways Authority (UPSHA) and represents about 3,800 lane kms in the states of Rajasthan, Uttar Pradesh, Madhya Pradesh and Karnataka, Highway Infrastructure Trust (HIT) said in a statement. Out of the 12 projects, 10 projects are currently operational and balance 2 projects are under-construction, which will be acquired post commencement of operations, the trust said. "We look forward to integrating these assets into our portfolio and to continue our journey of high-quality asset management backed by world class ESG standards," said Neeraj Sanghi, Chief Executive Officer, Highway Concessions One (Investment Manager to HIT). Gaurav Chandna, Head Strategic Finance, .

Highway Infrastructure Trust to acquire 12 road  projects for Rs 9,005 cr
Updated On : 15 Jan 2024 | 8:13 PM IST

3rd party to carry out inspection of 12 under-construction Himachal tunnels

Inspection and safety audit of 12 under-construction tunnels in Himachal Pradesh will be carried out by a third party and vertical drilling machines will be stationed near tunnels to be used in case an Uttarakhand-like situation arises, according to an NHAI official. National Highway Authority of India (NHAI) Regional Officer Abdul Basit on Friday said the safety audit will analyse all factors from rock stability to material used in the constructions and remedial steps would be taken as per suggestions in view of the Uttarkashi Silkyara tunnel incident in which 41 workers have been trapped for the past 13 days. A total of 68 tunnels measuring 85 km, which would reduce the road distance by about 130 km, would come up in the state, he told PTI on Friday. Of these, 12 have been constructed, 12 are under construction, work on 14 would start in six months while detailed project reports are being prepared for 30, he said. "We have given suggestion to put vertical pipes at tunnel ...

3rd party to carry out inspection of 12 under-construction Himachal tunnels
Updated On : 24 Nov 2023 | 8:36 PM IST

Almora-Haldwani NH in Uttarakhand blocked due to debris after landslide

The Almora-Haldwani Road National Highway in Uttarakhand has been blocked for vehicular traffic due to debris near Kwarb Bridge

Almora-Haldwani NH in Uttarakhand blocked due to debris after landslide
Updated On : 01 Sep 2023 | 1:05 PM IST

Another bridge washed away in Bihar, 3rd such collapse in less than a month

Another under-construction bridge, which was supposed to connect Khagaria district with Bhagalpur, collapsed on June 4

Another bridge washed away in Bihar, 3rd such collapse in less than a month
Updated On : 28 Jun 2023 | 5:00 PM IST

Gadkari lays foundation stone for NH projects worth Rs 8,000 crore in UP

Five of these projects are worth Rs 2,200 crore and will be constructed in Pratapgarh, while the other five projects are worth Rs 6,215 crore and are located in Deoria

Gadkari lays foundation stone for NH projects worth Rs 8,000 crore in UP
Updated On : 12 Jun 2023 | 7:08 PM IST

NHAI to create around 10,000 km of OFCs, digital highways by FY25

State-owned NHAI is working towards development of around 10,000 kilometres of Optic Fibre Cables (OFC) infrastructure across the country by FY2024-25, according to an official statement. The statement said National Highways Logistics Management Limited (NHLML), a fully-owned special purpose vehicle of NHAI, will implement the network of "digital highways" by developing integrated utility corridors along the national highways to develop OFC infrastructure. According to the statement, around 1,367 kilometres on the Delhi-Mumbai Expressway and 512 km on the Hyderabad-Bangalore corridor have been identified as pilot routes for the digital highway development. The statement said providing internet connectivity to remote locations across the country, the OFC network will help expedite the roll-out of new-age telecom technologies like 5G & 6G. The recently-inaugurated 246-km DelhiDausaLalsot section of the Delhi-Mumbai Expressway features a three-metre dedicated utility corridor used to

NHAI to create around 10,000 km of OFCs, digital highways by FY25
Updated On : 19 Apr 2023 | 5:26 PM IST

Road developers' debt to spike, revenue growth to remain high: Report

Sizeable equity commitments in under-construction projects and rising working capital needs will increase the debt burden of road developers but revenue growth is set to remain high, driven by strong contract awards and execution in the next fiscal, according to a report. Besides, a high budgetary allocation to the sector will also help road developers, it added. With the prevailing low leverage levels, developers have the headroom to borrow more to fund new projects, which will keep their credit risk profiles stable, said a Crisil report, which also notes that asset monetisation will be crucial to rein in debt. The report is based on the analysis of 18 engineering, procurement and construction (EPC) players, constituting 70 per cent of the sectoral revenue. According to Mohit Makhija, a senior director at the agency, total equity commitment towards the under-construction public-private partnership (PPP) projects is estimated at over Rs 21,000 crore by fiscal 2025. The working cap

Road developers' debt to spike, revenue growth to remain high: Report
Updated On : 22 Mar 2023 | 5:25 PM IST

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

Govt working to make India a global automobile manufacturing hub: Gadkari
Updated On : 28 Feb 2023 | 4:05 PM IST

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

NHAI prohibits entry of slow moving vehicles on Delhi-Mumbai Expressway
Updated On : 19 Feb 2023 | 6:46 AM IST

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

Highway construction slows down, one-fourth target achieved till September
Updated On : 20 Oct 2022 | 1:47 PM IST

PNC Infratech bags Rs 1,458 crore order from NHAI; stock climbs 6%

The 1,458 crore Uttar Pradesh highway construction project is around 79 kilometers in length and is estimated to be constructed in 24 months

PNC Infratech bags Rs 1,458 crore order from NHAI; stock climbs 6%
Updated On : 09 Sep 2022 | 2:17 PM IST

NHAI extended undue benefit to concessionaires, says CAG report

In its compliance audit report on 'Rationalisation/Deferment of Premium in BOT Projects in NHAI', the CAG noted that the National Highways Authority of India (NHAI) extended undue benefitS.

NHAI extended undue benefit to concessionaires, says CAG report
Updated On : 05 Aug 2022 | 1:11 AM IST

CBI raids multiple locations across states in NHAI corruption matter

The CBI on Monday conducted search operations at multiple locations in Shillong, Guwahati, Gurugram and Bengaluru in connection with alleged irregularities in a National Highway road project in Assam

CBI raids multiple locations across states in NHAI corruption matter
Updated On : 13 Jun 2022 | 2:28 PM IST

Top headlines: LIC IPO, govt's NHAI success, Covid mortality, and more

Business Standard brings you the top headlines on Monday

Top headlines: LIC IPO, govt's NHAI success, Covid mortality, and more
Updated On : 09 May 2022 | 7:48 AM IST