NHAI Financially Stable, Confirms Nitin Gadkari

26 Jul 2024 CW Team

Union Minister Nitin Gadkari has reassured the public that the National Highways Authority of India (NHAI) is not facing any financial crises. He clarified that NHAI's financial position remains robust, dispelling rumours suggesting otherwise.

Gadkari highlighted that NHAI continues to receive adequate funding for ongoing and future infrastructure projects. He emphasised that the organisation maintains a steady flow of resources to ensure the timely completion of various highway projects across the country.

The minister addressed concerns over the reported debts, stating that the liabilities are part of planned investments in long-term infrastructure development. He explained that such investments are crucial for boosting economic growth and connectivity.

Gadkari also outlined NHAI's strategy to adopt innovative financial models, including monetization of assets, to sustain its projects. These efforts aim to attract private investments and reduce dependency on traditional funding sources.

The government's focus remains on enhancing road infrastructure to facilitate trade and travel, ultimately contributing to the nation's progress. Gadkari assured that there are no immediate plans to increase toll rates, addressing public concerns over potential hikes.

In conclusion, Gadkari reaffirmed the government's commitment to supporting NHAI's endeavours, ensuring that infrastructure development continues without financial hindrances. The ministry plans to expedite project execution, benefiting both the economy and the public.

The clarification aims to instil confidence among stakeholders and reinforce the government's dedication to infrastructure advancement. The minister's statements underline the importance of maintaining transparency and trust in the administration's efforts to develop national highways.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..