Four Infrastructure Giants Compete for TOT Bundle 15

30 Dec 2024 CW Team

IRB Infrastructure Developers, Epic Concessions, Adani Roads, and PATH (Prakash Asphalting & Toll Highways) have placed bids for the 124-km stretch of the four-lane Trichy-Tovrankurichi-Madurai section under the toll-operate-transfer (TOT) Bundle 15.

The National Highways Authority of India (NHAI), under the Ministry of Road Transport and Highways, will assess the technical bids first, followed by financial bid evaluations before finalizing the contract.

“The technical bids for TOT Bundle 15 were opened today. After assessment, we will review the financial bids in about a week or 10 days,” a senior official mentioned.

The contract is expected to be awarded by the first week of January, according to the official.

Under the TOT model, a private entity is granted the right to operate, maintain, and collect tolls on national highway assets for a period of 15-30 years, in exchange for a one-time concession fee paid to the government.

NHAI has identified 86 stretches, covering a total of approximately 4,912 km, for monetization.

Up until February, the Ministry of Road Transport and Highways had raised Rs 1 lakh crore through asset monetization, including Rs 42,334 crore via TOT, Rs 26,125 crore through infrastructure investment trusts, and Rs 42,000 crore via securitization.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..