Building Tomorrow’s Roads
ROADS & HIGHWAYS

Building Tomorrow’s Roads

The second RAHSTA Forum 2024, held on August 30 at Hotel Sahara Star, has successfully set the stage for the highly anticipated RAHSTA Expo 2024. This prelude event brought together industry leaders, innovators, and key stakeholders to engage in insightful discussions, setting the tone for what...

The second RAHSTA Forum 2024, held on August 30 at Hotel Sahara Star, has successfully set the stage for the highly anticipated RAHSTA Expo 2024. This prelude event brought together industry leaders, innovators, and key stakeholders to engage in insightful discussions, setting the tone for what promises to be a landmark event in India’s road and highway infrastructure sector.The Forum was inaugurated by Pratap Padode, Founder of the FIRST Construction Council, a pioneering organisation dedicated to advancing India’s infrastructure development. Padode emphasised the Forum’s role as a crucial stepping stone toward the RAHSTA Expo 2024 and highlighted the upcoming RAHSTA Awards.He remarked, “Out of the total Rs 2.78 lakh crore allocated, the National Highways Authority of India (NHAI) has been designated around Rs 1.68 lakh crore as part of MoRTH’s capital expenditure plan for 2024-25. The government is focusing on developing access-controlled national highways and ensuring they meet a minimum of two lanes with paved shoulder standards.”Vipin Sondhi, Chairman of the RAHSTA Expo Committee and former MD and CEO of JCB India and Ashok Leyland, added, “The positive momentum in the industry is further reinforced by the 2024 Union Budget, which emphasises rapid infrastructure growth, particularly in roadways. The significant increase in capital expenditure dedicated to improving and expanding road infrastructure signals the government’s commitment to building a world-class network of roads and highways. This investment will not only enhance connectivity across the nation but also spur economic growth, create jobs, and improve the quality of life for millions of citizens.”A key highlight of the Forum was an engaging panel discussion on “BOT Revised Scheme, QCBS Tender System, and Road Projects Being Awarded.” Moderated by Vijay Agrawal, Managing Director at Equirus, the discussion featured a distinguished panel of experts, including RK Pandey, Former Member of NHAI and Member of the RAHSTA Committee; Prof. Satish Pandey, Principal Scientist at CSIR-Central Road Research Institute; Sudhir Hoshing, CEO of IRB Infrastructure Developers; and Zafar Khan, Chief Operating Officer at Highway Concessions One.The panel explored critical issues affecting the road and highway sector, including updates on the BOT scheme, the QCBS tender system, and the latest trends in project awards. Their insights provided attendees with a deeper understanding of the evolving landscape of road infrastructure in India.The forum for the RAHSTA Expo was attended by prominent figures from the infrastructure industry, including Himanshu Agarwal, COO of Zydex Industries; Rajan Aiyer, Managing Director of Trimble; Satin Sachdeva, Founder & Secretary General of the Construction Equipment Rental Association; SP Rajan, VP and Head of Plant and Machinery at L&T Construction; Satish Kumar, CEO of Mumbai First; Ashwin Moghe, Senior Vice President at UltraTech, among other exhibitors of the RAHSTA Expo.

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Resources

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

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Infrastructure Transport

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

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Real Estate

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..

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