NHAI awards TOT bundles worth Rs 159.68 bn in FY 2023-24

20 Dec 2023 CW Team

The National Highways Authority of India (NHAI) has granted toll, operate, and transfer (TOT) bundles 13 and 14, covering a total distance of 273 km, for Rs 93.84 billion. This brings the total value of TOT bundles awarded in the fiscal year 2023-24 to Rs 159.68 billion, surpassing the set monetisation target of Rs 100 billion for the current fiscal year, as announced by the Ministry of Road Transport and Highways.

TOT bundle 13, encompassing the Kota Bypass and Stay Bridge on NH-76 in Rajasthan, along with the Gwalior-Jhansi section of NH-75 in Madhya Pradesh and Uttar Pradesh, has been granted to IRB Infrastructure Trust for Rs 16.83 billion.

In parallel, TOT bundle 14, which includes the Delhi-Meerut Expressway and the Delhi-Hapur section of NH-9 in Delhi and Uttar Pradesh, as well as the Binjabahal to Teliebani section of NH-6 in Odisha, has been awarded to Cube Highways and Infrastructure for Rs 77.01 billion.

According to the road ministry's statement, the concession period for TOT bundles is 20 years, during which concessionaires are obligated to maintain and operate the designated stretches. In return, concessionaires will collect and retain user fees for these segments, adhering to the prescribed fee rates under NH Fee Rules.

Previously, in October 2023, NHAI had awarded TOT bundles 11 and 12, covering a combined length of 400 km, for Rs 65.84 billion. These bundles included the Allahabad Bypass on NH19 in Uttar Pradesh and the Lalitpur?Sagar?Lakhnadon section in Uttar Pradesh and Madhya Pradesh.

The TOT model, designed to encourage private involvement in the highway sector, has played a crucial role in unlocking the value of the road network, contributing to the development of a world-class national highway network in the country, as per the road ministry's statement.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..