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National Highways Infra Trust to raise Rs 4,500 crore via term loans

To acquire five operational road projects worth Rs 9,000 crore

NHAI burdening courts with unnecessary litigations, says Kerala HC

The Kerala High Court has criticised the National Highways Authority of India (NHAI) saying it has become a common practice of the authority to burden the courts with a spate of litigations and that its delay in granting compensation results in payment of heavy interests. In its order, the division bench of the High Court comprising Justices Amit Rawal and C S Sudha, observed that if the NHAI takes appropriate advice, it would save the cost of litigation and avoid the burden of paying heavy interests. The court's order came on an appeal filed by a land owner from Thiruvananthapuram, whose property was acquired by the NHAI for the purpose of constructing a bypass to avoid the Kazhakuttom-Karode stretch of the NH 47. Aggrieved by the compensation fixed by the competent authority, the land owner sought for arbitration during which the value of the land was increased to the extent of 50 per cent. Claiming that the amount was exorbitant, NHAI approached a local court in Thiruvananthapur

NHAI releases first sustainability report on environmental responsibility

NHAI's sustainability efforts have yielded positive results in terms of environmental and energy conservation

Gadkari stresses on importance of DPRs to minimise delays, reduce cost

Union Minister Nitin Gadkari on Tuesday emphasised the importance of accurate preparation of detailed project report (DPR) to minimise project delays, reduce cost of construction, and implement proper road alignment, according to an official statement. The road transport and highways minister chaired a meeting with NHAI officials in New Delhi and discussed various aspects of National Highway development. "The meeting encompassed discussions on enhancing work efficiency, resolving obstacles and adopting innovative technology," the statement said. Gadkari also launched two Mobile Apps focusing on enhancing efficiency and providing ease of commuting' on the National Highways. The mobile applications inaugurated included RajmargYatra', a citizen centric Mobile Application with in-built complaint redressal system and NHAI One', mobile app to facilitate most of the crucial onsite requirements in execution of National Highway Projects, the statement said. Stressing on providing ...

Himachal Governor reviews progress on development of NHAI projects

Himachal Pradesh Governor Shiv Prasad Shukla has reviewed the progress on the National Highway Authority of India (NHAI) projects in the state, a statement said on Wednesday. The governor took detailed information about the NHAI projects, especially Kiratpur -Nerchowk, Pandoh - Takoli and Takoli - Kullu projects, which will be completed soon. The work of five tunnels and 22 major bridges between Kiratpur to Nerchowk is completed and a safety audit is going on, NHAI Shimla Regional Officer Abdul Basit said in the statement. He said that opening of five tunnels from Kiratpur to Nerchowk would reduce the distance in hilly terrain by 37 Km and time by 3 hours. Local citizens and tourists going to Kullu, Manali, Keylong and Rohtang will get its benefit and travel will be easier. The governor also took a detailed account of other highways being constructed by NHAI in the state and instructed the Regional Officer that while constructing the highway, attention should be paid to saving natu

Capex by large state-run firms jump 121% to Rs 53,000 crore in April

Expenditure cycle of NHAI, petroleum CPSEs off to a strong start

NITI Aayog seeks consultant to evaluate road projects, functioning of NHAI

With the debt of National Highway Authority of India (NHAI) surpassing Rs 3 lakh crore and its dependance on government's budgetary support increasing, the NITI Aayog has decided to go in for an institutional evaluation of the highway construction body. The government think tank's Development Monitoring and Evaluation Office (DMEO) has floated a tender for selection of a technical consultant for conducting an evaluation study of road projects and the functioning of NHAI. "In the context of its (NHAI's) increasing debt servicing burden, contingent liabilities, dependence on government budgetary support, and ambitious highway and infrastructure development plan, there is a need to better understand the performance of NHAI and evaluate its existing practices and finances in order to provide inputs in improving its functioning," the DMEO said in it's report. NHAI's debt has seen an increase from Rs 23,797 crore in March 2014 to Rs 3.48 lakh crore in March 2022. NHAI's spending in FY22

FASTag's daily collection reaches all time high of Rs 193 cr on April 29

The National Highways Authority of India (NHAI) on Tuesday said the daily toll collection through FASTag system reached an all-time high of Rs 193.15 crore on April 29, with 1.16 crore transactions recorded in a single day. NHAI in a statement further said since FASTag was mandated by the government in February 2021, the number of toll plazas under FASTag programme has increased from 770 to 1,228, including 339 state toll plazas. FASTag uses radio-frequency identification (RFID) technology, which provides users a smooth crossover at toll plazas without halting. The payment is made digitally through the FASTag linked to the bank wallet. In addition to its effectiveness in toll collection, FASTag has also facilitated seamless and secure contactless payment for parking fees at over 140 parking lots in 50+ cities across India, NHAI added. NHAI also said it is actively working towards finalizing the necessary requirements for implementation of Global Navigation Satellite System (GNSS)

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

Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways

The average trading volumes on the counter jumped three-fold as around 32.98 million shares changed hands on the NSE and BSE

GR Infra jumps over 4% after it emerges L-1 bidder for Rs 872 cr project

In the past one week, shares of this construction firm gained 1.7 per cent, as against 0.2 per cent rise in the S&P BSE Sensex

NHAI starts using steel slag in road construction on trial basis

State-owned National Highways Authority of India (NHAI) on Wednesday said it has started using steel slag in road construction on a trial basis in line with the government's 'Waste to Wealth' mission. NHAI in a statement said this initiative will help to address the challenge of shortage of material used in the development of National Highways and could replace natural aggregates, such as sand, gravel, or crushed stone, with the waste material from the steel industry. According to the statement, the authority permitted Central Road Research Institute (CRRI) to construct one km long trial patch in the Raigarh district for PQC of the Panvel Indapur section of NH 66 near Mumbai, where 100 per cent natural aggregates were replaced by steel slag derived aggregates. The results from the trial have been encouraging, it said. The statement noted that the use of such material in road construction will make construction more economical and promote the circular economy and resource efficienc

NHAI likely to discontinue fixed toll tax at Delhi-Gurugram Expressway

Currently, for a single journey, a car is charged Rs 80 while a bus or truck pays Rs 235 at the Kherki Dhala tolling booth

NGT slaps Rs 2 cr compensation on NHAI for flouting environmental norms

The National Green Tribunal has directed the National Highways Authority of India (NHAI) to pay a compensation of Rs 2 crore for failing to comply with environmental norms while constructing an eight-lane highway from Mukarba Chowk to Singhu border in Delhi. The tribunal was hearing a petition claiming the generation of dust because of the non-sprinkling of water at village Khampur and other stretches, and not following the principles of compensatory afforestation and non-compliance with the Green Highways (Plantation, Transplantation, Beautification and Maintenance) Policy. A bench of Chairperson Justice A K Goel noted that the tribunal in November last year had sought a factual report from the Central Pollution Control Board (CPCB) and the director of the national capital's environment department. The bench also comprising judicial members Justice Sudhir Agarwal and Justice Arun Kumar Tyagi, along with expert member A Senthil Vel, said the joint committee had submitted its report,

Delhi-Dehradun Expressway to be complete by December end: Nitin Gadkari

The construction work of the Delhi-Dehradun Expressway will be complete by the end of December this year, reducing the journey time between the two cities to two hours, Minister of Road Transport and Highways Nitin Gadkari said. "Work on the Delhi-Dehradun Expressway project will be over by December end and from January 1 next year people will be travelling from Dehradun to Delhi in just two hours," Gadkari said during a visit to Parmarth Niketan Ashram in Rishikesh on Sunday. A journey from Dehradun to Delhi at present takes around six hours. The union minister who visited the Ashram to take part in a Ganga Aarti along with family said the all-weather road project will make year-round Char Dham Yatra possible. "Char Dham Yatra goes on for six months at present. But, once the all-weather road project is complete, devotees can visit the Himalayan temples throughout the year," he said. Work on the ropeway project in Kedarnath whose foundation stone was laid by Prime Minister Narendr

Analysts pick road-construction stocks on strong order book, NHAI pipeline

At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1

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

ED attaches bribe of Rs 20 lakh seized from an NHAI official under PMLA

The ED initiated the investigation under the PMLA based on the FIR filed by the CBI under various sections of the IPC, and Sections 7, 8, 9 and 10 of the Prevention of Corruption Act

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

Centre aims to mop up Rs 75,000 cr from senior citizen savings scheme

Not to overshoot FY24 net borrowing target of Rs 11.8 trillion