Bharatmala highways project plagued by cost, time escalation

20 Jul 2022 CW Team

The Union government’s slow-moving Bharatmala Project - a plan to develop over 30,000 km of national highways - is seeing completion times and costs escalate, according to a new report from ICRA.

The report says the project is likely to be complete in FY28, a six-year delay from the original timeline. The cost of the project has already risen by 99% to Rs 10,630 billion and is poised to see another 15-20% increase.

First announced in July 2015, the project was originally estimated to cost the country Rs 5,350 billion to develop 24,800 km of national highways and another 10,000 km of highways pending under the erstwhile National Highway Development Programme by FY22. Calculations made in 2015 pegged the project cost at Rs 155.20 million crore per km.

ICRA's findings point to land acquisition as being a major problem area for the project. Funding is also a likely roadblock, with costs almost doubling since 2015. Highways Minister Nitin Gadkari has hinted at that the National Highways Authority of India (NHAI) may raise additional debt.

The Bharatmala Project is being undertaken by NHAI, the Union Road Transport and Highways Ministry, and the National Highways and Infrastructure Development Corporation, with the bulk of the project under NHAI.

Infrastructure Urban

06 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..