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Rating agencies expect NHAI to end FY19 with highest-ever execution record

On port connectivity, there has been gradual progress on both road and rail connectivity projects

Welspun Enterprises inks pact with NHAI for Rs 20-bn project in Tamil Nadu

Welspun Enterprises said Monday it has inked a pact with National Highways Authority of India (NHAI) for a Rs 2,005 crore highway project in Tamil Nadu. "NHAI and Welspun Sattanathapuram Nagapattinam Road Private Limited (WSNRPL), a subsidiary of Welspun Enterprises Ltd, have executed the Concession Agreement on December 3, 2018 for four-laning of Sattanathapuram to Nagapattinam section of NH-45A (New NH -332) in Tamil Nadu," the company said in a regulatory filing to the BSE. It said the project falls under NHDP Phase-IV and will be implemented on hybrid annuity mode (HAM). "WSNRPL will develop the project at a Bid Project Cost of Rs 2,004.51 crore and first year O&M (operation and maintenance) cost of Rs 5 crore," the company said. The construction period is two years and WSNRPL has received a firm sanction letter from lenders for this project, the company said in the filing.

NHAI bonds offer similar rates to NBFCs, but should you invest in them?

However, retail investors should analyse risk of NBFCs more diligently

NHAI to focus on executing contracts where all clearances are in place

The move is aimed at judiciously planning the expenditure by the central government, the NHAI and the NHIDCL

NHAI arbitrations galore: Companies should consider other cash flow options

The NHAI managed to settle some of its pending claims by paying just 20 per cent of what was originally claimed. The authority is yet to publish its report for the last year

NHAI abandons plan to carve out subsidiary dedicated for expressways

The idea behind a separate subsidiary was to streamline the execution of expressways in the country

NHAI borrowings jump a little over 18 times to Rs 620 billion since 2014

The NHAI recently finalised a loan for Rs 250 billion with State Bank of India as part of its fund raising for the current financial year

NHAI initiates process to tie up Rs 40 billion through a bond issue

The SBI offered to fund the entire requirement based on one month Marginal Cost of funds-based Lending rate of 7.9%, even less than LIC's 8.51%

NHAI signs pact with SBI for largest unsecured loan at lowest interest

The Rs 250 bn long-term loan is also the largest sanctioned by SBI at one stroke to any entity

NHAI awarded 150 projects of 7,400 km worth Rs 1,220 bn in FY 2017-18

An all-time high by NHAI since its inception in 1995

L&T bags Rs 10.47-bn worth order from NHAI to build Dwarka e-way project

The National Highways Authority of India (NHAI) has awarded to L&T one of the five packages of Rs 7,500 crore Dwarka Expressway project in Haryana under the Bharatmala project, the government said today. The package to build eight-lane expressway from Basai RoB to NH 8 - SPR intersection in Haryana will be executed at a cost of Rs 1,047 crore under EPC (engineering, construction and procurement) mode, Ministry of Road Transport and Highways said in a statement. "The NHAI has issued Letter of Award - LOA for Package-4 of Dwarka Expressway from Basai RoB to NH-8 - SPR intersection in Haryana on EPC under Bharatmala Pariyojna...This eight-lane Expressway (NH-248 BB) will be constructed on EPC Mode at a cost of Rs 1047.007 crore. The 8.76 km stretch of the road will be constructed by L&T," the statement said. Development of this section of Dwarka Expressway will ensure seamless and safe movement of traffic between Delhi-Gurgaon and help in decongestion of the Delhi-Gurugaon ...

Coming soon: Pay-as-you-use GPS toll on Delhi-Mumbai highway

This pilot project will look at ways to integrate the new solution with the existing pre-paid wallet account offered by NHAI under the FASTag programme

RInfra wins NHAI project worth Rs 8.82 bn for six-laning NH-2 section

RInfra added the company emerged as the lowest bidder for the project after quoting a bid of Rs 8.82 billion for the project

From road building to logistics, NHAI to get a makeover

Govt wants NHAI to go in for international business

Did an American firm pay $1.18 mn bribe to NHAI? Govt starts probe

The media report had emanated from the US Department of Justice, Criminal Division's letter

NHAI bribe case: US firm that paid Rs 6.7 cr was blacklisted in 2015

CDM Smith was blacklisted by NHAI in 2015

NHAI plans bids based on returns

New mechanism will focus on the internal rate of return

NHAI working on five expressways, Rs 4,428-cr Eastern Peripheral paces up

Gadkari said proposals have been received for preparing project report for Delhi-Katra Expressway

Gadkari seeks more powers for NHAI to fast track road projects

Gadkari said a proposal to enhance NHAI powers has already been sent to the Cabinet for approval

Infra investment trusts hit new NHAI hurdle

As the financial year comes to a close, the first of the promised infrastructure investment trusts (InvITs) are yet to be launched.Held back, say bankers in the know, on issues from the National Highways Authority of India (NHAI). "NHAI is reluctant to allow transfer ownership of road assets to an InvIT for those assets where two years of operations have not been completed," said one, who did not wish to be identified. Of the various assets that road developers wish to monetise through the InvIT route, there are recently commissioned ones. In his last public statement as Securities and Exchange Board of India (Sebi) chairman, U K Sinha said one of his significant regrets was no launch of real estate investment trusts (REIT) or infrastructure investment trusts (InVIT) during his tenure. He hinted at problems with other regulators.The wait for regulatory approvals and clarity has also led some others, like Reliance Infrastructure, to consider parallel sale discussions for its road ...