Page 16 - Nhai

Lanco Infratech and lessons from a failed group resolution of troubled debt

The firm fundamentally has no assets, say experts. Ten of its subsidiaries are under corporate insolvency, most holding either a single or a group of road or power assets

Nearly 6-7% road traffic shifts to railways in Sept 1-Oct 13 period

This rise is mainly due to a shift of at least 6-7 per cent traffic from roads to railway in these two months.

More tranches of govt equity under HAM soon in highway projects

Under the new proposal, firms will give bank guarantees every year against anticipated govt payment for that year

Big vs small in BOT project offering; traffic volume may be key determinant

Experts feel that kick-starting the process with relatively smaller stretches will help to test waters

Covid-19 impact: Conciliation claims gain traction among road firms

Industry players say liquidity crunch after Covid-19 a reason for change

Road developers take conciliation route for claims amid liquidity crunch

Debt resolution, Covid-related liquidity concerns, and a long legal process acting as deterrent are some reasons pushing firms to pursue conciliation

BOT highway projects set to take off after more than 2-year pause

Starting next month, government targets bidding out six projects by April 2022

NHAI in fast lane: Awards 40 projects covering 1,330 km at Rs 47,000 crore

The projects include cost of civil work, land acquisition, and other pre-construction activity.

NHAI awards 1,330 km highway projects in April-Sept; up 60% from H1FY20

NHAI said it awarded projects for building 1,330 km of highways in April-September, up 60 per cent from the year-ago period despite the challenges posed by the Covid-19 pandemic

NHAI cancels fourth TOT bundle; invites bids for fifth set of projects

The govt had to earlier cancel the second package of TOT because of tepid response while the third package ran into funding troubles for the Singapore-based operator Cube Highways

Centre planning to further sweeten contract terms for TOT investors

The road developer will be tasked with the operation, maintenance and management of the contract

NHAI agrees to suggestions by developers body to ease highway construction

Other suggestions pertaining to policy related matters have been sent to the ministry for consideration

HCC sells Farakka Raiganj Highway to Cube at Rs 1,508 cr enterprise value

Sale is part of HCC's larger effort to pare debt at company level. A separate process to sell an SPV that holds half the firm's debt and significant claims is also underway

IRB Infra arm inks pact with NHAI for Vadodara-Mumbai Expressway stretch

The company said the construction period for the stretch is 730 days, while operation period is 15 years

Ashoka Buildcon wins Rs 1,390 cr highway projects in Bihar from NHAI

Ashoka Buildcon on Monday said it has bagged two highway projects worth Rs 1,390 crore in Bihar from National Highways Authority of India

Securities Appellate Tribunal sets aside Sebi's Rs 7 lakh penalty on NHAI

The Securities Appellate Tribunal (SAT) has set aside a Sebi order, which imposed a penalty of Rs 7 lakh on National Highways Authority of India for the delay in filing financial results

Ashoka Buildcon surges 8% after Co emerges lowest bidder for NHAI projects

The company has emerged as the lowest bidder for two National Highways Authority of India (NHAI) projects with an aggregate quoted value of Rs 1,390 crore in Bihar under Bharatmala Pariyojana.

NHAI awarded projects worth Rs 31,000 cr in FY21, highest in past 3 years

It has set a target of awarding 4,500 km of highway during current financial year, which it is likely to exceed

NHAI develops portal to track performance of developers, consultants

The National Highways Authority of India (NHAI) on Wednesday said it has developed a portal to track the performance of its developers and consultants.

NHAI to undertake rating of Concessionaires, Contractors and Consultants

Sets up portal-based performance evaluation under which vendors need to self-assess and submit project-related progress documents that will be reviewed at multiple levels by NHAI