NHAI extends bidding deadlines of 1,000 km roads by a month

30 Apr 2021 CW Team

The National Highways Authority of India (NHAI) has extended bidding deadlines of around 1,000 km of road construction projects worth Rs 50,000 crore by a month amid the second wave of Covid-19.

Minister of Road Transport and Highways Nitin Gadkari had issued the directive to NHAI considering the rising number of cases due to the second wave of Covid-19. The deadlines for these projects have been extended because of restrictions that could hamper site visits and due diligence by potential bidders, a senior government official told the media.

While new bids will continue to be invited, the postponement of existing bid deadlines could hurt NHAI’s target of awarding about 2,500 km of road projects in the first quarter of FY22.

Most of these projects are being offered on engineering procurement construction (EPC) and hybrid annuity models (HAM), the official said.

The Ministry of Road Transport and Highways (MoRTH) constructed a record 13,298 km of highways in FY21, as against around 10,240 km in FY20, which made approximately 30% y-o-y growth and a pace of 36.4 km/day. On the award front, 10,467 km of projects were awarded, up by 17% over 8,948 km in the preceding year.

Image Source

Also read: NHAI says labour crunch unlikely to impact highway construction

Also read: Nitin Gadkari: India made world record for fastest road construction

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..