| National Highways Authority of India Related news |
Ramky Infrastructure wins Rs 337 crore contract from NHAI in Jharkhand
Posted on 8th May 2017 |
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NEW DELHI: Ramky Infrastructure today said it has won a Rs 337 crore highway project in Jharkhand from National Highways Authority of India. "Ramky Infrastructure Ltd has been awarded project worth Rs 336.60 crore in Jharkhand by NHAI on EPC (engineering, procurement and construction) mode," the company said in a filing to the BSE. |
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Reliance Infrastructure bags Rs 711 crore project from NHAI
Posted on 7th April 2017 |
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Reliance Infrastructure Ltd (RInfra) today announced that it has bagged Rs 711 crore project in Tamil Nadu from the National Highways Authority of India (NHAI). “RInfra has received the Letter of Acceptance (LOA) from the NHAI for the construction of Vikkaravandi to Sethiyahopu section of NH-45 C in Tamil Nadu after it emerged as the lowest bidder for the development of the project on Engineering, Procurement & Construction (EPC) basis,” the company said in a statement. |
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RInfra's Rs 3,000-cr InvIT fund gets NHAI approval
Posted on 30th March 2017 |
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Reliance Infrastructure InvIT Fund, which is planning a Rs 3,000-crore issue next month, has become the first to get approval from the National Highway Authority (NHAI), according to sources. The RInfra InvIT Fund, with a proposed issue size of Rs 3,000 crore with an option to retain over-subscription of up to 25 per cent, will own 10 toll road assets, with an option to acquire further assets in future. These assets cover 770 km of national highways across five states. |
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Modi’s push on infrastructure working: NHAI’s highway completion will be the best ever in FY17
Posted on 24th March 2017 |
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Despite extended monsoons and demonetisation, the National Highway Authority of India (NHAI) has achieved the best track record in completing highway projects during the current financial year ending March, an analyst report said on Friday. “Financial year (FY)17 highway completion will be the best ever. On the back of current pickup in execution, we expect NHAI to complete 2,800 km in FY17 (current highest is 2,844 km in FY13), a 41 per cent growth in completion for the full year…,” US investment banking firm Jefferies said in a research note. |
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Ashok Buildcon surges as arm emerges lowest bidder for NHAI project
Posted on 16th March 2017 |
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Ashok Buildcon has moved higher to its 52-week high of Rs 199.65, up 7% on BSE in intra-day trade, after the company said its subsidiary - Ashoka Concessions (ACL) has emerged as the lowest bidder for bid submitted to National Highways Authority of India (NHAI). ACL had submitted its bid to NHAI for the project viz. request for proposal for six laning of from Ranastalam to Anandpuram (Visakhapatnam) (from km 634.000 to km 681.000) section of NH-5 (New NH- 16) in the state of Andhra Pradesh under NHDP Phase - V (Package II) on Hybrid Annuity Mode Project. |
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NHAI cancels Udaipur Bypass road project awarded to MBL Infrastructures under HAM model
Posted on 23rd February 2017 |
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The Udaipur bypass road project, awarded to MBL Infrastructures under the hybrid annuity model (HAM), has been cancelled by the National Highways Authority of India (NHAI), the company said on a recent analysts call. The project was awarded in late June last year at a bid amount of R7,790 crore, 24% higher than NHAI’s bid project cost of R6,261 crore. There were eight bidders for the project and MBL Infrastructures had emerged as the lowest bidder. |
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Convenience clusters: NHAI to auction 33 sites soon
Posted on 16th February 2017 |
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New Delhi: The National Highway Authority of India (NHAI) will soon bid out 33 sites across national highways in the country for its ambitious projects of way/road side amenities where convenience clusters for travellers will be build. The sites shortlisted are Dongargaon in Nagpur, Ramanthapur in Tamil Nadu, Indore in Madhya Pradesh, Bharatpur in Rajasthan and Golara in Uttar Pradesh. |
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Mobikwik receives NHAI nod to digitize payments for 391 pan India toll plazas
Posted on 25th November 2016 |
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Leading mobile wallet MobiKwik has announced that its wallet service will soon be live at 391 toll plazas in India. The company has received an approval from the National Highways Authority of India (NHAI) to enable commuters across all toll plazas in the country pay cashless through its mobile wallet to avoid traffic congestion due to the cash crunch. |
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NHAI raises Rs 10,000 cr from EPFO; LIC to invest Rs 8,500 cr
Posted on 24th November 2016 |
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National Highways Authority of India (NHAI) has raised Rs 10,000 crore from retirement fund body EPFO's bonds so far this financial year, while LIC has in-principle has agreed to subscribe to its taxable bonds worth up to Rs 8,500 crore till March-end, Parliament was informed on Thursday. NHAI in the current financial year has raised Rs 10,000 crore through taxable bonds of Employees Provident Fund Organisation (EPFO), data presented by Minister of State for Road Transport and Highways P Radhakrishnan in Lok Sabha showed. |
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NHAI terminates Samrala Chowk, Kishangarh-Udaipur-Ahmedabad projects
Posted on 21st November 2016 |
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With lenders doubtful over the completion of Samrala Chowk and Kishangarh-Udaipur-Ahmedabad (KUA) Package VI projects, the National Highways Authority of India (NHAI) has terminated the ventures, sources confirmed to FE. Both projects were to be built through the hybrid annuity model (HAM). Raghav Chandra, chairman, NHAI, told FE that both the projects have been terminated. Chandra, however, denied that banks were uncomfortable lending to the projects. |
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