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NHAI seeks applications for country`s first bank-led toll collection In a bid to remove physical toll plazas across the country in the near future, the National Highways Authority of India (NHAI) has sought applications from banks for the country’s first multi-lane free flow (MLFF) toll collection on Dwarka Expressway.  If this plan is successful, the only toll plaza on the 28-km Dwarka Expressway will end and the bank will deduct money based on your vehicle data, as per reports. Union Road and Transport Minister Nitin Gadkari has reiterated t...
NHAI seeks applications for country`s first bank-led toll collection
NHAI seeks applications for country`s first bank-led toll collection
Source: IANS
2024-11-03 04:49:38 pm
Hazoor Multi Projects shines on bagging work order from NHAI Hazoor Multi Projects is currently trading at Rs. 612.40, up by 19.80 points or 3.34% from its previous closing of Rs. 592.60 on the BSE. The scrip opened at Rs. 592.60 and has touched a high and low of Rs. 614.90 and Rs. 592.00 respectively. So far 42938 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 639.00 on 12-Sep-2024 and a 52 week low of Rs. 115.00 on 26-Oct-2023. Last one week high and low of the scrip ...
Hazoor Multi Projects shines on bagging work order from NHAI
Hazoor Multi Projects shines on bagging work order from NHAI
Source: Accord Fintech
2024-09-13 11:51:38 am
Artefact Projects rises on bagging project worth Rs 4.09 crore from NHAI Artefact Projects is currently trading at Rs. 76.80, up by 0.74 points or 0.97% from its previous closing of Rs. 76.06 on the BSE. The scrip opened at Rs. 79.00 and has touched a high and low of Rs. 79.00 and Rs. 76.00 respectively. So far 4370 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 111.00 on 12-Jan-2024 and a 52 week low of Rs. 45.60 on 23-Aug-2023. Last one week high and low of the scrip stood at Rs....
Artefact Projects rises on bagging project worth Rs 4.09 crore from NHAI
Artefact Projects rises on bagging project worth Rs 4.09 crore from NHAI
Source: Accord Fintech
2024-08-08 11:45:07 am
Toll fee collection on national highways reached Rs 54,811 crore in FY24: Nitin Gadkari The toll fee collection on national highways under the National Highways Authority of India (NHAI) was Rs 54,811.13 crore in the fiscal 2023-24, the Parliament was informed on Wednesday.  Nitin Gadkari, the Union Minister for Road Transport and Highways, said in a reply in the Rajya Sabha that the expected increase in user fee collection solely due to the revision in fee rates at 2.55 per cent on the previous collection amount was Rs 1,400 crore. “During the financial year 20...
Toll fee collection on national highways reached Rs 54,811 crore in FY24: Nitin Gadkari
Toll fee collection on national highways reached Rs 54,811 crore in FY24: Nitin Gadkari
Source: IANS
2024-08-07 02:56:22 pm
NHAI prepays Rs 15,700 crore bank loan to save Rs 1,000 crore interest The NHAI achieved a significant financial milestone with the successful pre-payment of a bank loan amounting to Rs 15,700 crore which has enabled it to save as much as Rs 1,000 crore in interest, the Ministry of Road Transport & Highways said on Tuesday.   With the retiring of this debt ahead of schedule, the outstanding debt liability of NHAI has come down to around Rs 3,20,000 crore, according to an official statement. The sum of Rs. 15,700 crore was generated in FY 2023-24 t...
NHAI prepays Rs 15,700 crore bank loan to save Rs 1,000 crore interest
NHAI prepays Rs 15,700 crore bank loan to save Rs 1,000 crore interest
Source: IANS
2024-08-07 09:24:49 am
India's road-building authority aims to monetise up to $2.4 billion of assets in 2024/25 India's highways authority said on Tuesday it plans to monetise up to $2.4 billion worth of road projects in the current fiscal year ending March through an infrastructure investment trust route as it looks for ways to reduce its massive debt. The state-owned National Highways Authority of India (NHAI) has an outstanding debt of 3.2 trillion rupees ($38 billion) and is betting on leveraging assets through infrastructure investment trusts, or InvITs, to repay its loans. "With th...
India's road-building authority aims to monetise up to $2.4 billion of assets in 2024/25
India's road-building authority aims to monetise up to $2.4 billion of assets in 2024/25
Source: Reuters
2024-08-06 04:59:32 pm
RITES rises on signing MoU with NHAI Rites is currently trading at Rs. 767.15, up by 8.30 points or 1.09% from its previous closing of Rs. 758.85 on the BSE. The scrip opened at Rs. 762.35 and has touched a high and low of Rs. 769.60 and Rs. 753.35 respectively. So far 31870 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 826.15 on 27-Feb-2024 and a 52 week low of Rs. 432.65 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 771....
RITES rises on signing MoU with NHAI
RITES rises on signing MoU with NHAI
Source: Accord Fintech
2024-07-30 10:40:28 am
SRM Contractors shines on bagging new project from NHAI SRM Contractors is currently trading at Rs. 267.15, up by 18.95 points or 7.63% from its previous closing of Rs. 248.20 on the BSE. The scrip opened at Rs. 250.75 and has touched a high and low of Rs. 275.75 and Rs. 250.75 respectively. So far 31784 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.75 on 29-Jul-2024 and a 52 week low of Rs. 148.00 on 04-Jun-2024. Last one week high and low of the scrip stood ...
SRM Contractors shines on bagging new project from NHAI
SRM Contractors shines on bagging new project from NHAI
Source: Accord Fintech
2024-07-29 12:38:26 pm
Artefact Projects zooms on securing order worth Rs 5 crore from NHAI Artefact Projects is currently trading at Rs. 77.44, up by 3.16 points or 4.25% from its previous closing of Rs. 74.28 on the BSE. The scrip opened at Rs. 77.44 and has touched a high and low of Rs. 78.99 and Rs. 76.23 respectively. So far 13832 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 111.00 on 12-Jan-2024 and a 52 week low of Rs. 45.60 on 23-Aug-2023. Last one week high and low of the scrip stood at Rs...
Artefact Projects zooms on securing order worth Rs 5 crore from NHAI
Artefact Projects zooms on securing order worth Rs 5 crore from NHAI
Source: Accord Fintech
2024-06-19 10:46:19 am
NHAI plans to roll out Global Satellite-based toll system for barrier-free for highway users To provide a seamless and barrier-free tolling experience to National Highway users and enhance efficiency and transparency of toll operations, NHAI has invited global expression of interest (EOI) from innovative companies to develop and implement a Global Navigation Satellite System (GNSS)-based electronic toll collection system in India, the Ministry of Road Transport and Highways said on Friday.  NHAI plans to implement the GNSS-based Electronic Toll Collection (ETC) system within ...
NHAI plans to roll out Global Satellite-based toll system for barrier-free for highway users
NHAI plans to roll out Global Satellite-based toll system for barrier-free for highway users
Source: IANS
2024-06-08 10:27:24 am
Brahmaputra Infrastructure shines on inking pact with NHAI Brahmaputra Infrastructure is currently trading at Rs. 87.90, up by 3.87 points or 4.61% from its previous closing of Rs. 84.03 on the BSE. The scrip opened at Rs. 86.68 and has touched a high and low of Rs. 88.23 and Rs. 86.00 respectively. So far 21237 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.64 on 08-Apr-2024 and a 52 week low of Rs. 31.25 on 31-May-2023. Last one week high and low of the scrip st...
Brahmaputra Infrastructure shines on inking pact with NHAI
Brahmaputra Infrastructure shines on inking pact with NHAI
Source: Accord Fintech
2024-05-30 10:55:00 am
NHAI`s targeted asset monetisation of road assets can fetch up to Rs 60,000 crore for government in FY25: ICRA Rating agency ICRA has said that state-owned National Highways Authority of India’s (NHAI) targeted asset monetisation of road assets could fetch the government up to Rs 60,000 crore in the current fiscal year (FY25). In April 2024, the NHAI had released an indicative list of 33 road assets it plans to monetise in FY2025, through a mix of toll-operate-transfer (TOT) and sale to the NHAI's Infrastructure Investment Trust (InvIT). The report said these assets are spread across 12 s...
NHAI`s targeted asset monetisation of road assets can fetch up to Rs 60,000 crore for government in FY25: ICRA
NHAI`s targeted asset monetisation of road assets can fetch up to Rs 60,000 crore for government in FY25: ICRA
Source: Accord Fintech
2024-05-24 12:30:06 pm
NHAI likely to rake in Rs 60,000 crore via monetisation of road projects in 2024-25: ICRA NHAI has a monetisation potential of Rs 53,000 to 60,000 crore from the sale of 33 road assets through the toll-operate-transfer and Infrastructure Investment Trust mode that it has lined up for the financial year 2024-25, according to an ICRA report released on Thursday.   ICRA also expects that the Ministry of Road Transport and Highways (MoRTH) could achieve up to 71per cent of its monetisation target of Rs. 1.6 lakh crore under the National Monetisation Pipeline by the end of FY20...
NHAI likely to rake in Rs 60,000 crore via monetisation of road projects in 2024-25: ICRA
NHAI likely to rake in Rs 60,000 crore via monetisation of road projects in 2024-25: ICRA
Source: IANS
2024-05-23 02:25:55 pm
FASTags without KYC link to be deactivated after January 31: NHAI The National Highways Authority of India (NHAI) on Monday said that FASTags with incomplete KYC will be deactivated or blacklisted by banks after January 31, as part of its move to enhance efficiency of the electronic toll collection system and provide seamless movement at the toll plazas. The NHAI has taken this initiative after the recent reports of multiple FASTags being issued for a particular vehicle and FASTags being issued without KYC in violation of the Reserve Bank of India’...
FASTags without KYC link to be deactivated after January 31: NHAI
FASTags without KYC link to be deactivated after January 31: NHAI
Source: IANS
2024-01-15 02:32:10 pm
NHAI awards projects worth Rs 9,384cr to successful bidders NHAI has awarded Toll, Operate and Transfer (TOT) projects of a combined length of 273 km for Rs 9,384 crores to successful bidders, Ministry of Road Transport and Highways said on Monday. The projects have been clubbed into two categories called bundle 13 and bundle 14. TOT bundle 14, which consists of the Delhi-Meerut Expressway including the Delhi-Hapur section of NH-9 in the states of Delhi and Uttar Pradesh, as well as Binjabahal to Teliebani section of NH-6 in the state of Odisha, ha...
NHAI awards projects worth Rs 9,384cr to successful bidders
NHAI awards projects worth Rs 9,384cr to successful bidders
Source: IANS
2023-12-18 06:14:00 pm
NHAI inks pact for Rs 673 crore multi-modal logistics park in Nagpur The NHAI has signed an agreement with DC Multi-Modal Park (Nagpur) Ltd, a special purpose vehicle of DeltaBulk Shipping India Pvt Ltd, for the development of a multi-modal logistics park at Nagpur, the Ministry of Road Transport and Highways said on Tuesday. The logistics park will be developed in an area of 150 acres under the Public Private Partnership model at an estimated cost of Rs.673 crore. This project is poised to be the first multi modal logistics park (MMLP) in Maharashtra under...
NHAI inks pact for Rs 673 crore multi-modal logistics park in Nagpur
NHAI inks pact for Rs 673 crore multi-modal logistics park in Nagpur
Source: IANS
2023-12-13 09:20:26 am
Government aims to complete about 85% of road projects on time in FY24: Anurag Jain Road Transport and Highways secretary Anurag Jain has said that around 85 per cent of road projects are likely to be completed by the end of this fiscal (FY24), as the steps taken by the government to ensure faster clearances like monitoring and quicker resolution of issues have started showing results. Jain said the Road ministry is getting environment and forest clearance quickly and monitoring mechanisms of delayed projects have been improved.He stated ?We took up completion of projects on...
Government aims to complete about 85% of road projects on time in FY24: Anurag Jain
Government aims to complete about 85% of road projects on time in FY24: Anurag Jain
Source: Accord Fintech
2023-10-05 12:59:22 pm
Artefact Projects soars on bagging work order worth Rs 6.57 crore from NHAI Artefact Projects is currently trading at Rs. 50.00, up by 1.80 points or 3.73% from its previous closing of Rs. 48.20 on the BSE.The scrip opened at Rs. 50.60 and has touched a high and low of Rs. 50.61 and Rs. 49.85 respectively. So far 26703 shares were traded on the counter.The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.00 on 12-Jun-2023 and a 52 week low of Rs. 30.16 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 52.45 and Rs. 45.9...
Artefact Projects soars on bagging work order worth Rs 6.57 crore from NHAI
Artefact Projects soars on bagging work order worth Rs 6.57 crore from NHAI
Source: Accord Fintech
2023-09-18 12:19:07pm