Vertis Raises Rs 9 billion via SLB, Sets InvIT Benchmark
Vertis Infrastructure Trust (formerly Highways Infrastructure Trust), a SEBI-registered Infrastructure Investment Trust (InvIT), has raised Rs 9 billion through a Sustainability-Linked Bond (SLB), the largest such issuance by an Indian InvIT to date. The 10-year fixed-rate bond, priced at 7.40 per cent, was anchored by the International Finance Corporation (IFC) with an investment of Rs 4.5 billion. This landmark issuance underlines growing global confidence in India’s ESG-focused infrastructure financing landscape. The SLB features predefined sustainability performance targets, linking..
NHAI Trials GlasGrid Tech to Strengthen Chennai-Bengaluru Highway
The National Highways Authority of India (NHAI) has begun a trial using GlasGrid — a pavement reinforcement grid made of high-strength glass fibre — to repair identified cracks on the Chennai-Bengaluru Highway (NH-44) between the Walajah toll gate in Ranipet and Krishnagiri, aiming to enhance the durability of the 148 km stretch.NHAI officials stated that this portion of the highway is maintained by Larsen & Toubro under a 30-year maintenance contract signed over a decade ago. According to norms, a full resurfacing of the entire stretch is carried out once every ten years, with routine..
NHAI Extends Six-Laning of NH-65 to Vijayawada West Bypass
Along the Vijayawada–Hyderabad corridor, the National Highways Authority of India (NHAI) has revised its earlier plans and agreed to extend the six-laning project on NH-65 up to the Vijayawada West Bypass near Gollapudi, according to the Times of India.Previously, the project was set to conclude at the Amaravati Outer Ring Road (ORR) alignment.This change was confirmed in a letter from the Union Minister for Road Transport and Highways, Nitin Gadkari, addressed to Vijayawada MP Kesineni Sivanath (Chinni).The minister noted that the six-laning will now cover the stretch from KM 40 near the Hy..
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