+
FASTag records highest ever collection in a day
ROADS & HIGHWAYS

FASTag records highest ever collection in a day

The toll collection through FASTag first time crossed Rs 80 crore per day on 24 December 2020 with record 50 lakh FASTag transactions per day. Approximately 2.20 crore FASTag have been issued till date. With FASTag being mandatory for vehicles from 1 January 2021, the NHAI has made arrangements to provide seamless movement of vehicles at fee plazas. Adoption of FASTag has helped highway users to save time and fuel at the toll plazas. The digital transaction has got necessary push through the recent amendment in Central Motor Vehicle Rules.

FASTag is available at over 30,000 points of sale (PoS) across the country and mandatorily available at NHAI toll plazas. It is also available online through Amazon, Flipkart, and Snapdeal. The programme has partnered with 27 issuer banks and, has included several options to simplify its recharge facility such as Bharat Bill Payment System (BBPS), UPI, Online payments, My FASTag Mobile App, PAYTM, Google pay and others. In addition, cash recharge facility is also being provided at Point of Sales (PoS) at Toll Plazas for convenience of users.

FASTag uses Radio-frequency Identification (RFID) technology that provide users a smooth and effortless cross-over at Toll plazas without waiting/halting. The payment is made digitally through the FASTag linked to the bank wallet.

Image Source

The toll collection through FASTag first time crossed Rs 80 crore per day on 24 December 2020 with record 50 lakh FASTag transactions per day. Approximately 2.20 crore FASTag have been issued till date. With FASTag being mandatory for vehicles from 1 January 2021, the NHAI has made arrangements to provide seamless movement of vehicles at fee plazas. Adoption of FASTag has helped highway users to save time and fuel at the toll plazas. The digital transaction has got necessary push through the recent amendment in Central Motor Vehicle Rules. FASTag is available at over 30,000 points of sale (PoS) across the country and mandatorily available at NHAI toll plazas. It is also available online through Amazon, Flipkart, and Snapdeal. The programme has partnered with 27 issuer banks and, has included several options to simplify its recharge facility such as Bharat Bill Payment System (BBPS), UPI, Online payments, My FASTag Mobile App, PAYTM, Google pay and others. In addition, cash recharge facility is also being provided at Point of Sales (PoS) at Toll Plazas for convenience of users. FASTag uses Radio-frequency Identification (RFID) technology that provide users a smooth and effortless cross-over at Toll plazas without waiting/halting. The payment is made digitally through the FASTag linked to the bank wallet. Image Source

Next Story
Infrastructure Energy

UERC Rejects Pleas Over Cancelled 200 MW Solar Awards

The Uttarakhand Electricity Regulatory Commission (UERC) has rejected review petitions filed by 12 solar developers against the cancellation of Letters of Award (LoAs) issued under the state’s 200 MW Solar Programme.The scheme, launched by the Uttarakhand Renewable Energy Development Agency (UREDA) under the 2013 solar policy, aimed to help Uttarakhand Power Corporation Ltd (UPCL) meet its renewable purchase obligations through tariff-based competitive bidding.The projects—classified under the Type I category—had original commissioning deadlines in 2019–2020, later extended multiple ti..

Next Story
Infrastructure Energy

Solarium Wins Rs 266 Million Rooftop Solar Orders

Solarium Green Energy has secured two significant work orders valued at a combined Rs 266 million for rooftop solar projects across various locations in the Northeastern States, under the Ministry of Home Affairs.The first order, worth approximately Rs 129.8 million, was awarded by NTPC Vidyut Vyapar Nigam Limited (NVVN) for the development of a 3,319 kW rooftop solar photovoltaic (PV) project. This was tendered under the NVVN’s “Selection and Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (51–200 kW) across India”. The project is scheduled ..

Next Story
Real Estate

Omaxe Secures Rs 5 Billion From Oaktree For Expansion

Omaxe Group has raised Rs 5 billion in funding from Oaktree Capital Management LP, a global investment firm specialising in alternative investments, to fuel the development of ongoing projects and support future growth plans.In a regulatory filing dated 28 July, the company confirmed that the funds will support construction and infrastructure development across key markets, including New Chandigarh, Lucknow, Ludhiana, and Faridabad. The capital will also be directed towards flagship projects such as Omaxe State in Dwarka, an upcoming integrated township in Amritsar, and a new township in Indor..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?