CRISIL: ARCs to See 700-1000 bps Recovery from Stressed Roads This Fiscal

28 Nov 2024 CW Team

According to a report by CRISIL Ratings, asset reconstruction companies (ARCs) are expected to see their cumulative recovery rate for stressed road projects increase by 700-1000 basis points (bps) this fiscal year, following a rise to 50-55 per cent last fiscal. The report explained that this improvement would be driven by faster completion or descoping of pending construction, leading to the initiation of annuities by the National Highways Authority of India (NHAI). This, in turn, would enable quicker resolutions or debt restructuring. Additionally, the report noted that a significant increase in toll collections is expected to support the recoveries.

CRISIL Ratings analyzed the security receipts (SRs) rated by the firm, which cover approximately 2,500 lane kilometres of stressed road projects, with a total principal debt of around Rs 60 billion (representing about 60% of the road assets held by ARCs). These projects include those under the build-operate-transfer (BOT) model and the hybrid annuity model under NHAI, which ARCs acquired at an average haircut of 40 per cent.

The report also highlighted that most of the projects in the CRISIL Ratings SR portfolio became stressed between 2017 and 2019 due to delays in land acquisition and obtaining Right of Way (RoW) by the government, as well as lower-than-expected toll collections. Among these, half of the projects have completed construction, while the pending RoW issues for the rest of the assets have been resolved.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..