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

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

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement