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NHAI pays Rs 308 cr arbitral award to IRB Infra SPV in payments dispute

Amount is 75% of total award for Pathankot-Amritsar told road project, matches union cabinet guideline.

Depts turning to GatiShakti to reduce execution time for infra projects

With this, the time taken for a project can be cut by at least 100 days

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

NHAI sets new Guinness World Record, lays 75-km long highway in 105 hrs

Union Minister Nitin Gadkari on Wednesday announced that a new Guinness World Record was created by NHAI in laying 75 km of bituminous concrete in a single lane on NH53 in 105 hours and 33 minutes

NHAI offers three additional roads to its InvIT totalling 247 km

NHAI chairperson Alka Upadhyaya said with the success of NHAI InvIT, the state-owned agency has continued to deliver on its commitments under the National Monetisation Pipeline (NMP)

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.

Will meet monetisation target of Rs 20,000 crore in FY23: NHAI Chairperson

The NHAI is optimistic about meeting the asset monetisation target of Rs 20,000 crore in the current fiscal amid ongoing economic uncertainties and geo-political instability, a top official said.

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

Business Standard brings you the top headlines on Monday

NHAI awarded 6,306 km of highways projects in FY22; built 4,325 km

The NHAI awarded projects for a total length of 6,306 kilometres in the last financial year, while the agency constructed 4,325 kilometres of highways, an official statement said on Friday

Incorporating newer tech for better, cost-effective roads: VK Singh

The Union minister of state for road transport and highways also stressed on the importance of consensus between the Centre and the states to ensure development

NHAI settled 60 disputes for Rs 4,076 cr vs claims of Rs 14,590 in FY22

The authority had settled disputes worth Rs 14,207 crore for Rs 5,313 crore in FY21, with settlement amount being 37% of claimed amount

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

MoRTH constructs 8,045 kms of highways during April-February '22

The Ministry of Road Transport and Highways (MoRTH) through its various implementing agencies has constructed 8,045 kms of highways up to February 2022 during the current financial year

Delhi-Mumbai Expressway raises Rs 5,000 cr via maiden bond offering

The 15-year offering comes with variable coupon rate

FDI in IPO-bound LIC likely to open up fresh scope for disinvestment

NHAI & AAI, which are not registered as companies, also likely to benefit

Huge market available for surety bonds in India: NHAI member Manoj Kumar

National Highways Authority of India (NHAI) member Manoj Kumar said a huge market is available for surety bonds in the country

Cost of annuity projects: A new risk has emerged in govt's financials

This favoured route for financing roads is gaining traction for other infrastructure projects but could result in unsustainable liabilities for the government

Road ministry drives Centre's asset monetisation with Rs 10,273 cr mop-up

The asset monetisation target for the road ministry is Rs 30,000 crore, and the ministry had already monetised assets worth Rs 17,000 crore when the NMP was launched

Union Budget: NHAI to keep off bond market in 2022-23

Recognising the huge debt burden of NHAI at Rs 3.38 trillion, the finance ministry has given it nil space to borrow any more in the FY23 Budget

16,798-km national highways under PPP; 331 fee plazas operational now

A total length of 16,798.61 kilometres of national highways is under the public-private partnership (PPP) arrangement and 331 fee plazas are operational as of now, Parliament was informed on Thursday.