Highway Contracts

Highway Infra Q2 reuslts: PAT rises to ₹9.7 cr, eyes ₹200 cr EPC projects

Highway Infrastructure Ltd, which has reported a multi-fold rise in the September quarter net profit to Rs 9.7 crore, expects to execute Rs 150-200 crore worth of EPC projects and is actively bidding for new projects of around Rs 250 crore, a top company official said on Monday. The company plans to execute Rs 150Rs 200 crore worth of EPC projects over the next two years and is actively bidding for new projects worth approximately Rs. 250 crores, Arun Kumar Jain, Managing Director, Highway Infrastructure Ltd said. The September quarter witnessed a robust influx of new orders, including the expansion of toll operations with projects at Kiratpur and Muzaina Fee Plazas in Uttar Pradesh, a Greenfield Expressway in Rajasthan, and Chotiya Fee Plaza in Chhattisgarh, Jain said. The company achieved its highest-ever order book of Rs 775 crore, which provides strong revenue visibility, Jain said. The infrastructure development and management company, which has a presence in tollway collectio

Highway contracts to face stricter checks as NHAI revises bid provisions

NHAI has tightened bid rules to ensure only experienced contractors qualify, aiming to cut project delays, improve quality of work, and bring down costs in highway development

KKR-backed Invit snaps up 12 road projects for Rs 9,005.70 crore

The road portfolio comprises 11 hybrid annuity concessions from the National Highways Authority of India (NHAI) and one toll road concession from the Uttar Pradesh State Highways Authority (UPSHA)

Centre plans mega highways constructions to replace Bharatmala Pariyojana

Launched in October 2017, Bharatmala Pariyojana aimed to develop 74,942 kms of national highways with an investment of Rs 5.35 trillion

Highway contractors to convert bank guarantees into surety bonds: Gadkari

Union Minister Nitin Gadkari has said the finance ministry has agreed to allow contractors engaged by state-owned NHAI and NHIDCL to convert their bank guarantees into insurance surety bonds. Gadkari had recently said changes will be made to the surety bond offering to make it more lucrative as no contractor is buying it because of the strict conditions imposed by insurance regulator Irdai. "I conveyed to the road transport secretary that he should talk to the finance secretary once to give it (allowing conversion of bank guarantee to surety bonds) from retrospective effect. "In NHAI, in the road ministry and NHIDCL whatever bank guarantees are there, if they want, they can convert them into insurance surety bonds. Permission should be given for this," Gadkari said on Wednesday at an event organised by the National Highways Authority of India. Last year in December, Gadkari launched the country's first-ever surety bond insurance product with an aim to reduce the dependence on ...

Two sweeping reforms likely in debt-ridden NHAI's HAM framework

Authority plans to slash developer upfront payment, reduce timeline for financial closure

NHAI likely to award highways contracts for 6,500 kms this fiscal: Official

The authority also remained confident of achieving its goal of constructing 5,000 km of national highways during the current fiscal, NHAI chairperson Alka Upadhyaya said.

Govt changes contract rules for highways, project cost to be sole factor

For work under Hybrid Annuity Mode, operations and maintenance will not be a criteria anymore.

CBI books NHAI officials, private firms for corruption in highway contracts

Similar bribes were allegedly paid to NHAI officials on a regular basis for the two other sections as well

No further financial relaxation for highway companies after March 22

MoRTH feels effect of pandemic has been neutralised and as industry has not asked for any further relief, these relaxations can now be rolled back as fiscal ends

Adani Enterprises gains 2% on winning Ganga Expressway project

With a project cost of Rs 17,085.16 crore, the proposed Greenfield Ganga expressway will be India's longest expressway under PPP framework

Govt constructed 2,921 km of highways under the Bharatmala Pariyojna

A total of 322 projects in a length of 12,413 km have been awarded under Bharatmala Pariyojana till August, 2020

PNC Infra bags 2 contracts after govt cancels lowest bid from Chinese firm

The bids submitted by Jiangxi Construction have been annulled after the government decided to restrict Chinese companies in India

Lockdown impact: NHAI to extend contract for private highway developers

25% average toll collection loss to get one-day extension

Ficci panel urges govt to pay interest of delayed road projects to banks

Many highway projects under the BOT and EPC mode are turning into NPAs due to heavy interest burden on account of delays in projects

Longer highway contracts on cards to attract pension funds, FDI

Cabinet to take up proposal to extend operation & maintenance contracts from 9 to 29 years