| National Highways Authority of India Related news |
Border, Northeast push take ministry ahead of NHAI in road project awards
Posted on 6th February 2018 |
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More than 15 years ago, the Bharatiya Janta Party (BJP) -led National Democratic Alliance (NDA) government of the time made an incumbent's election pitch around the so-called ‘India Shining’. Key to this pitch was the ‘Golden Quadrilateral’ project of National Highway Authority of India (NHAI). Today, a decade and a half later, under another BJP-led NDA government at the Centre, the scenario is quite different – now, it is the road transport ministry that seems to be calling the shots, not NHAI. |
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RInfra wins NHAI project worth Rs 8.82 bn for six-laning NH-2 section
Posted on 30th January 2018 |
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Anil Ambani-controlled Reliance Infrastructure Ltd on Monday said it has received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for Rs 8.82 billion on a engineering, procurement and construction (EPC) basis. RInfra added the company emerged as the lowest bidder for the project after quoting a bid of Rs 8.82 billion for the project for the six-laning of Aurangabad to Bihar–Jharkhand border (Chordaha) section of NH-2 in Bihar. |
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Fund mobilisation: NHAI to float arms, start listing process in early FY19
Posted on 12th January 2018 |
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Keen on mobilising funds to accelerate the pace of highway construction, the National Highways Authority of India (NHAI) will tap the capital market in early FY19 through a few subsidiaries that would be created. Being an authority, it cannot have an initial public offer (IPO) on its own. “We are now thinking of forming subsidiaries. The process might start early in the next financial year,” NHAI chairman Deepak Kumar told FE. |
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NHAI forms committee to raise domestic and foreign investment for India's highways
Posted on 22nd December 2017 |
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The National Highways Authority of India (NHAI) has created National Highways Investment Promotion Cell (NHIPC) to attract domestic and foreign investment for national highway projects. “The cell will focus on engaging with global institution investors, construction companies, developers and fund managers for building investor participation in road infrastructure projects,” read NHAI’s release. |
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NHAI to award 3,500 km of work by Dec end in a bid to speed up projects
Posted on 13th December 2017 |
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The National Highways Authority of India (NHAI) is making all-out efforts to speed up award and construction of highways and would bid out projects for 3,500 km by December. "NHAI has invited bids for projects of 4,900 km till November, 2017, while bids for another 3,500 km are likely to be invited by December end, taking the total to 8,400 km," the Ministry of Road Transport and Highways said in a statement. |
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NHAI offering 12-13% IRR to concessionaire for first bundle of TOT highways
Posted on 13th December 2017 |
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Profitability or the return on equity for the highway monetisation contracts that the National Highways Authority of India (NHAI) is offering to the concessionaires is 12-13% of the equity, according to a report by rating agency CRISIL. equity IRR (internal rate of return) of the first bundle of highways being auctioned under the toll-operate-transfer (TOT) model would range between 12% and 13%, based on NHAI's initial estimated concession value, an analysis by CRISIL Research shows. The level of bidding intensity will drive the final returns earned by the concessionaire," Crisil Research report said. |
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Bond issue: NHAI may offer higher interest to physically challenged, women
Posted on 8th December 2017 |
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The National Highways Authority of India (NHAI) may offer higher interest rate to physically challenged in its next bond issue, according to the Times of India. Senior citizens, ex-servicemen, women and widowers could also be among the class of retail investors who will get the benefit. |
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To avoid conflict with developers, NHAI may alter contract wording
Posted on 17th November 2017 |
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The National Highways Authority of India (NHAI) is understood to be considering a change in wording of future contracts to avoid conflicts with road developers, such as the ongoing cases in which it has barred companies from bidding for future projects. NHAI’s executive committee held a meeting with the National Highway Builders Federation (NHBF) on Thursday during which NHAI agreed to consider NHBF’s suggestion to reconsider replacing the word “termination” with “cessation” or other similar words or phrases. In the ongoing case of developers who have been listed as defaulters and barred from bidding for future projects, the issue arose because developers had to invoke the termination clause, thereby getting themselves blacklisted by NHAI. |
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L&T sees amicable solution over NHAI bid row
Posted on 13th November 2017 |
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Larsen & Toubro (L&T), which was among companies barred from bidding for the National Highways Authority of India (NHAI) projects a fortnight back, sees an amicable solution to the row. Meanwhile, it will continue to bid for projects that come along. |
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