Road InvITs are projected to expand their assets by about 30% this fiscal year, reaching roughly Rs 3.9 lakh crore by March 2027. The jump is attributed to accelerated monetisation of toll-road assets by NHAI and asset sales under the hybrid annuity model. With a widening investor base and controlled leverage, analysts expect sturdier credit profiles.
NHAI has settled two major arbitration cases tied to the Panipat Jalandhar stretch of NH 44. An arbitral tribunal awarded NHAI Rs 819.96 crore after disputes where concessionaires reportedly raised claims exceeding Rs 8,375 crore. The settlement marks a significant outcome for the highway project, narrowing a costly legal standoff between the authority and involved firms.
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NHAI has rolled out India’s first stop-free, barrier-less toll system on NH-48 in Gujarat. Using an MLFF framework, the approach removes physical toll barriers and minimizes human intervention so vehicles can move through toll locations without stopping, aiming to reduce delays and keep traffic flowing smoothly.
As India’s heatwave intensifies, industry bodies and the National Highways Authority of India have issued new advisories calling for safer working conditions. Firms are being urged to adopt flexible hours, provide frequent rest breaks, and adjust schedules to protect workers while keeping highway construction and operations on track. The move aims to balance safety with uninterrupted productivity.
Australian investor Macquarie, once criticized as “too aggressive” for winning NHAI’s first TOT highway bundle at a premium, appears to be gaining the upper hand. After about 18 months, analysts suggest the investor has outwitted rivals by securing NHAI’s strongest assets, with toll collections showing signs of accelerating.
NHAI’s latest tender ecosystem is raising eyebrows as participation by listed entities has reportedly fallen sharply, while newer bidders with sizable revenue and only moderate credit risk are entering. With IT raids, unpaid dues and corporate-governance concerns already in the mix, the call is growing to add corporate governance as a third scoring pillar alongside financial and technical checks.
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