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Highway projects worth ₹4 lakh crore face delays; 200 more worth ₹1.6 lakh crore await construction start
Economic Times
·
2d ago
Medial
India's road-building efforts face setbacks with delays in nearly 580 National Highway projects worth ₹3.9 lakh crore, and 200 projects worth ₹1.6 lakh crore stalled. Key issues include land acquisition, contractor problems, and clearance delays. Despite lowering delay numbers by tighter monitoring, challenges persist, affecting upcoming projects due to new land acquisition rules. Minister Nitin Gadkari's goal for US-level roads remains, highlighting ongoing execution challenges. The Ministry aims to reduce delays to prevent cost escalations.
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NHAI to take up 124 NH projects in 2025-26; to cost Rs 3.5 lakh crore
Economic Times
·
28d ago
Medial
The National Highways Authority of India plans to award 124 national highway projects spanning 6,376 km in 2025-26, costing Rs 3.45 lakh crore. These projects, exceeding Rs 500 crore each, will be under three models: 80 via hybrid annuity, 32 through engineering-procurement-construction, and 12 by build-operate-transfer. This early project declaration aims to expedite contract awards, addressing the slowdown since the Bharatmala Pariyojana scheme. NHAI had previously bid on thousands of kilometers in recent years.
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Union Minister Nitin Gadkari lays foundation for NH projects worth Rs 2,042 crore in Karnataka
Economic Times
·
25d ago
Medial
Union Minister Nitin Gadkari inaugurated nine national highway projects in Karnataka with an investment of Rs 2,042 crore. These projects, covering 88 km, include road safety improvements and new constructions. Gadkari mentioned current and future projects worth Rs five lakh crore in the state, emphasizing enhanced connectivity and reduced travel times. Significant developments include a Ring Road in Bengaluru, and improved links between states like Karnataka, Andhra Pradesh, and Tamil Nadu. This expansion illustrates India's broader infrastructure ambitions.
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Govt plans to buy back NHAI bonds worth Rs 50,000 - 70,000 crore to pare co’s debt
Money Control
·
11m ago
Medial
The Indian government is in discussions with long-term bondholders of the National Highways Authority of India (NHAI) for the prepayment of three NHAI bonds. This move is part of the government's plans to reduce NHAI's debt from around Rs 3.35 lakh crore to Rs 1 lakh crore. The Ministry of Road Transport and Highways is looking to spend around Rs 50,000 to Rs 70,000 crore for the buyback. The funds will be used to strengthen the highway network and reduce interest payments. Additionally, the government aims to attract private investments in the road and highway sector through PPP projects.
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Apollo Green Energy plans ₹1,500 crore capex to capitalize on India’s renewables push | Company Business News
Livemint
·
9m ago
Medial
Apollo Group's engineering and construction division, Apollo Green Energy, plans to invest ₹1,500 crore in expanding its capacity and undertaking renewable energy projects for the government and public sector. The company aims to raise capital through an initial public offering in order to fund its expansion plans. Apollo Green Energy has already secured orders worth nearly ₹2,830 crore, primarily for solar projects. The company is optimistic about India's goal of reaching 500 GW of renewable energy capacity by 2030, which could potentially generate projects worth ₹1.25 trillion. Apollo Green Energy aims to increase its portfolio from ₹3,500 crore to ₹10,000 crore next year.
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Account aggregator ecosystem facilitates loans worth Rs 1.6 lakh crore in FY25 - The Economic Times
Economic Times
·
9d ago
Medial
The Account Aggregator (AA) ecosystem, governed by the RBI, facilitated loans worth over Rs 1.6 lakh crore in FY25 through 1.89 crore accounts. NBFCs led this initiative, contributing 60% of the lending. The system allows secure data sharing via consent, with 12.73 crore Indians using it by June. As AA adoption scales up, challenges remain in integrating across sectors and improving credit monitoring to enhance financial services.
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GHV Infra Projects bags Rs 2,645 cr worth contract from UAE entity
Economic Times
·
6d ago
Medial
GHV Infra Projects secured an EPC contract worth Rs 2,645 crore from Rana Exim FZ-LLC in the UAE for developing a smart manufacturing hub. The project at Ras Al Khaimah Economic Zone involves engineering, procurement, and construction of industrial and commercial buildings. Scheduled for completion within 24 months, the contract boosts GHV Infra’s order book to over Rs 7,000 crore. The company targets selective projects in the near term, according to their chairman, Jahid Vijapura.
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Over 5,000 homebuyers may benefit as Noida allows co-developers in stalled projects
Economic Times
·
1m ago
Medial
The Noida Authority has approved the introduction of co-developers in five stalled projects to expedite construction and benefit over 5,000 waiting homebuyers. This initiative requires withdrawal of legal cases against the Authority and payment of 25% of outstanding dues. The co-developer policy allows new developers to assume control of legacy projects, aiming to revive numerous halted real estate developments in the region, which are valued at approximately Rs 1 lakh crore.
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UPI transactions jump 36% to Rs 60 lakh crore in June quarter
Economic Times
·
1y ago
Medial
In the first quarter of the current fiscal year, UPI transactions have seen a 36% growth to reach Rs 60 lakh crore, according to Minister of State for Finance Pankaj Chaudhary. Between April and June 2024-25, there were 4,122 crore UPI transactions worth Rs 60 lakh crore. For the entire fiscal year 2023-24, there were 13,113 crore UPI transactions with a value of Rs 200 lakh crore. The facility of cardless cash deposits through UPI has also been extended, subject to certain conditions and limits.
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OYO showed thousands of fake bookings to inflate its turnover, claims Jaipur hotel in FIR
Inshorts
·
3m ago
Medial
A Jaipur hotel claimed OYO showed thousands of fake bookings to inflate its annual turnover, a move leading to the hotel receiving a 'wrong' GST notice worth ₹2.66 crore. In an FIR, the hotel claimed OYO provided it ₹10.95-lakh business in 2019-20 while OYO showed bookings at the hotel worth ₹22.22 crore, inflating booking amount by over 200 times.
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BHEL bags three contracts from Adani Power worth ₹11,000 crore to set up supercritical thermal power plants | Mint
Livemint
·
11m ago
Medial
BHEL has secured a contract worth over ₹11,000 crore from Adani Power and its subsidiary, Mahan Energen, to develop three Supercritical Thermal Power projects. The projects will be located in Kawai, Rajasthan and Mahan, Madhya Pradesh, and will have a combined capacity of 2x800 MW. BHEL will provide equipment such as boilers, turbines, and generators and oversee the construction and commissioning of the projects. The timelines for completion range from 49 to 55 months. Shares of BHEL rose by 0.59% following the announcement.
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