Shares of RPP Infra Projects were up nearly 3% at Rs 110 on the Bombay Stock Exchange after the company said it has recceived orders worth Rs 25.6 crore from the National Highway Authority of India (NHAI).

The orders are for improving and widening road on NH-17 & NH-48 in identified stretches of New Mangalore Port Road Connectivity Project, the company said in a release.

Shares of Hindustan Construction Company (HCC) have gained over 3% at Rs 18.45 on the BSE after National Highway Authority of India (NHAI) awarded contract worth Rs 1,783.42 crore to the company.

Hindustan Construction Company (HCC) said the contract is for constructing a 36 kilometers (km) highway which includes 3 kms of tunnels between Ramban and Banihal in Jammu & Kashmir. The project is a part of National Highways Development Project (NHDP) phase-II program of National Highway Authority of India (NHAI) on NH1A (now NH44).

Shares of Hindustan Construction Company (HCC) have gained over 3% at Rs 18.45 on the BSE after National Highway Authority of India (NHAI) awarded contract worth Rs 1,783.42 crore to the company.

Hindustan Construction Company (HCC) said the contract is for constructing a 36 kilometers (km) highway which includes 3 kms of tunnels between Ramban and Banihal in Jammu & Kashmir. The project is a part of National Highways Development Project (NHDP) phase-II program of National Highway Authority of India (NHAI) on NH1A (now NH44).

Infrastructure company IL&FS Transportation Networks today said its subsidiaries have signed two agreements with NHAI worth Rs 4,173.92 crore for four-laning two sections of NH-6 in Maharashtra.

“The concession agreement for development of 4-laning of Fagne-Gujarat/Maharashtra Border (Package-III) section of NH-6 in the State of Maharashtra from 510 km to 650.79 km has been signed by Fagne Songadh Expressway Ltd, a wholly-owned subsidiary of the company with National Highways Authority of India (NHAI),” IL&FS Transportation said in a BSE filing.

NEW DELHI: In what will be music to the ears of long suffering highway users, the Supreme Court on Thursday ruled that the National Highways Authority of India (NHAI) and concessionaires cannot collect toll from commuters if the road is in bad shape.

Road users have had a long-standing grouse that they were fleeced by concessionaires who charged hefty toll on stretches of dilapidated national highways. They also believed that private contractors were enriching themselves while the NHAI looked the other way.

IL&FS Transportation Networks Ltd today said it has bagged Rs 2,288.18-crore worth project from NHAI for four-laning of Amravati-Chikhli section of NH-6 in the state of Maharashtra.

"The company has been awarded the project through issuance of a letter of award dated July 24, 2015 by NHAI. The company had quoted a grant of Rs 183.05 crore for project," IL&FS Transportation Networks Ltd said in a BSE filing.

Tax-free bonds for retail investors might soon be back, after a gap of one year.

National Highways Authority of India (NHAI) and Indian Railway Finance Corporation (IRFC) have received in-principle approval from the government to raise Rs 24,000 crore and Rs 6,000 crore, respectively, via this route.

The National Highway Authority of India (NHAI) is likely to fall short of its target of road construction for the current fiscal, and what's more the execution rate declined by 17 per cent to 3.41 km per day during the first eight months of FY15 from 4.14 km per day during the same period in the preceding year.

According to a recent analysis by credit rating firm ICRA, the NHAI has awarded 1,572 km of contracts during eight months of FY 15 (April-Nov ember 2014), while it had set itself a target of 5,500 km for FY 15, 35 per cent of which was earmarked for Build-Operate-Transfer (BOT) segment and rest for Engineering Procurement and Construction (EPC) mode.

The National Highway Authority of India (NHAI) will soon prepare a detailed project report (DPR) for the capital region ring road project, estimated to be costing around Rs 900 crore, said a senior official of the Union government.

The Odisha government has agreed to bear the cost of land acquisition for the project. We have approved the project proposal and have asked NHAI to prepare a DPR for it.

Unhappy with the lingering uncertainty over a proposal to allow developers to fully exit completed projects, the National Highways Authority of India (NHAI) has asked that it be implemented in earnest so that a clutch of deals that private equity funds, corporates and foreign pension funds have either already clinched or are negotiating with incumbent developers could materialise soon.

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