Ramky Infrastructure shares gained nearly 14 per cent in early trade on Tuesday after it along with Ashoka Buildcon bagged a contract for building two highway projects in Jharkhand worth Rs 1,646 crore by National Highways Authority of India (NHAI). Both the projects are related to widening of a road stretch on NH 32 and NH 33.

Gammon India shares surged over 16 per cent on Thursday after the infrastructure company bagged a civil Engineering, Procurement and Construction (EPC) order worth Rs 869.99 crore from National Highways Authority of India (NHAI) for widening of a highway in Karnataka under NHDP. The project Gammon India has won is for four laning of Hospet – Bellary – Karnataka / AP Border from Km.280.080 (Design Ch.) to Km.375.450 (Design Ch.), design length 98.370, NH-63 in the State of Karnataka under NHDP Phase-IVB on EPC mode.

The proposal has received in-principle approval of Prime Minister Narendra Modi, road transport and highways minister Nitin Gadkari said here on Tuesday.

“Since expenditure secretary, economic affairs secretary and road secretary are all there in the NHAI Board, what is the need of forming committees after committees for project approvals? There is no problem in giving powers to NHAI Board,” Gadkari said.

National Highways Authority of India (NHAI) will convert about 15,000 km of roads from two-lanes to four-lanes for enhancing the economic efficiency of the highways.

"We are looking at economically efficient corridors and have identified around 15,000 km of roads, which we will convert from two-lanes to four-lanes, to increase their economic efficiencies by connecting points that have been left out historically," NHAI Chairman Raghav Chandra said at a road conference organised by Assocham.

NEW DELHI: As many as 112 projects of the National Highways Authority of India (NHAI) are running late on account of factors like delays in land acquisition and regulatory hurdles, Parliament was informed on Monday.

"One hundred and twelve projects of NHAI are delayed beyond the scheduled date of completion. These include projects currently under implementation also," Minister of State for Road Transport and Highways Mansukh Lal Mandaviya told the Rajya Sabha in a written reply.

The Chief General Manager of the National Highways Authority of India (NHAI), B S Singla, on Saturday said the main reason for the traffic chaos on National Highway-8 (NH-8) was due to the poor management of storm drains.

Singla said at present, there was no traffic jam, but warned about the poor drainage system and asked the city administration to re-examine it.

Union Transport Minister Nitin Gadkari has spoken to NHAI Chairman and directed him to send team of officials to NH8 immediately. Thousands of office goers and other commuters were on Friday stranded in Gurugram as heavy rains led to waterlogging on National Highway-8 causing massive traffic jams, forcing authorities to shut down schools in Delhi's satellite city while some offices too declared it an off.

Infrastructure spending has picked up in the country and NHAI is executing 205 projects including 18 worth Rs 13,500 crore on hybrid annuity mode, its Chairman Raghav Chandra said.

“Infrastructure spending is going up and highways sector has stimulated growth. Cement and steel sectors sales have increased by 5 per cent each while bitumen sales have risen by 35 per cent.

About Rs 7 lakh crore would be spent to develop around 50,000 kilometres of national highways over the next five years, the government said today.

During Question Hour in Rajya Sabha, Union Minister Nitin Gadkari said the Government has allocated a total Gross Budgetary support of Rs 46,834 crores including cess and toll remittance for 2016-17 for the Road, Transport and Highways Ministry.

Get ready to zip through national highways without stopping as the National Highways Authority of India (NHAI) aims to issue 200,000 FASTag by the end of the current financial year (2016-17) after it crossed the 10,000 mark last month.

FASTag offers near non-stop movement of vehicles through user plazas and convenience of cashless payments of toll fee with nationwide inter operable ETC services.

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