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BOT HIGHWAY ASSETS
Hindustan Construction Company secures Rs 127 crore Bhutan hydropower project contractHindustan Construction Company Ltd (HCC) has won a Rs 127 crore contract in Bhutan. The deal is for construction works at the Wangchhu Hydr...
India plans Rs 35,000 crore highway asset monetisation in FY27The National Highways Authority of India (NHAI) has prepared a list of the highway stretches for monetisation with Haryana accounting for t...
IRB Infra Trust offers to sell two BOT highway assets worth Rs 4,663 crore to IRB InvIT FundIRB Infrastructure Trust has offered two of its revenue-generating highway assets, valued at approximately Rs 4,663 crore, to IRB InvIT Fun...
Road InvITs AUM to grow 30 pc this fiscal, led by asset monetisation surge: ReportRoad InvlTs assets will grow 30 percent this fiscal year, leading to an impressive Rs3.9 lakh crore in assets managed by March 2027. The gr...
Venture capital and pension funds can now participate in highway PPP projectsNew government policy now permits financial entities like venture capital and pension funds to bid for highway projects. This move aims to ...
India clears path for big funds to bid directly for road projectsIndia has opened the door for pension and sovereign wealth funds to directly bid on greenfield toll-road projects, aiming to boost private ...
Road ministry raises construction timelines for NH projects to up to six yearsThese normative construction periods will be applicable for all national highway projects to be bid out either on engineering, procurement,...
IRB board gives nod to asset transfer worth Rs 8,450 croreIRB Infrastructure and Developers board has approved the transfer of three road assets from IRB Infrastructure Trust to IRB InvIT Fund. The...
PNC Infratech completes stake sale in 10 road assetsPNC Infratech has finalized the sale of its stake in 10 road assets to Highways Infrastructure Trust (HIT), an Infrastructure Investment Tr...
Rs 10 lakh cr to be invested for converting 30K km 2-lane roads into 4-lane highways: Nitin GadkariUnion Minister Nitin Gadkari announced plans to convert 25,000-30,000 km of two-lane highways into four lanes with an investment of Rs 10 l...
CDPQ to buy Ashoka's BOT toll road assets for Rs 4,500 croreCanadian pension fund CDPQ is poised to acquire five BOT toll road assets from Ashoka Concessions for ₹4,500 crore. The assets will be purc...
CDPQ, Actis vie for Ashoka Concession's BOT road assetsAshoka Buildcon holds 66% stake in Ashoka Concessions, with SBI Macquarie holding the rest. SBI Macquarie had invested Rs 800 crore in Asho...
IRB Infra Trust completes refinancing of 5 BOT projects for Rs 6,400 crore"IRB Infrastructure Trust (Private InvIT) has successfully completed the refinancing exercise for its five BOT Assets for around Rs 6,400 c...
Ashoka concessions restarts talks to sell BOT toll road assetsAshoka Concessions, a subsidiary of Ashoka Buildcon, is in talks with global funds including Canada's CDPQ, Macquarie, Cube Highways, and I...
MoRTH confident of achieving highway construction target of 12,000 km this fiscal: Secretary Alka UpadhyayaThe ministry has constructed 4,766 km of National Highways up to November 2022-23 compared to 5,1.18 km constructed till November 2021-22. ...
Adani Enterprises arm gets LoA for highway project in MaharashtraIn a regulatory filing, Adani Enterprises said its wholly-owned subsidiary Adani Road Transport Ltd (ARTL) recently participated in the ten...
More rewarding highways plan in offing, review every 3 yearsRationalisation of highway building was mentioned by finance minister Nirmala Sitharaman in her budget speech for FY20.
New norms likely for BoT road projects to lure private investorsNHAI has already recommended changes in the BOT framework which are now being reviewed by the highways ministry.
IVRCL to sell 2 road assets for Rs 725 crThe ailing infrastructure firm has entered into share purchase agreements with Cube Highways to sell entire stake in Salem Tollways and Kum...
HCC sells highway project in Telangana to IDFC FundHCC also said that Nirmal BOT has received an arbitration award in its favour for Rs 16.67 crore, which will be payable to HCC.