NHAI prepays Rs 560 Bn loans as Capex fall

06 Jan 2025 CW Team

NHAI has pre-paid loans of Rs 560 billion during the current fiscal year and is looking to further reduce its debt burden by March. Around Rs 400 billion has come from budgetary allocation as the overall capex is lower this year due to award of fewer contracts and approval of lesser new projects, and fall in land acquisition. NHAI’s debt was pegged at around Rs 3.3 trillion at the start of April 2024 and is now estimated to have come down to around Rs 2.8 trillion. Loans from the National Small Saving Fund and some commercial banks, which charge high interest rates, have been prepaid, an official said, adding that pre-payment will help save interest cost of around Rs 12 billion. “The prepayment of loan has been made to National Small Saving Fund (NSSF) and some commercial banks, which charge high interest rates. For the current financial year, govt has set the target of raising around Rs 390 billion from monetisation of completed projects and funds raised through this route will be used to further repay loans. NHAI has pre-paid loans of Rs 560 billion during the current fiscal year and is looking to further reduce its debt burden by March. Around Rs 400 billion has come from budgetary allocation as the overall capex is lower this year due to award of fewer contracts and approval of lesser new projects, and fall in land acquisition. NHAI’s debt was pegged at around Rs 3.3 lakh crore at the start of April and is now estimated to have come down to around Rs 2.8 trillion. Loans from the National Small Saving Fund and some commercial banks, which charge high interest rates, have been prepaid, an official said, adding that pre-payment will help save interest cost of around Rs 12 billion. “The prepayment of loan has been made to National Small Saving Fund (NSSF) and some commercial banks, which charge high interest rates. Around Rs 157 billion has been prepaid from the InvIT monetisation proceeds,” said an official. For the current financial year, govt has set the target of raising around Rs 390 billion from monetisation of completed projects and funds raised through this route will be used to further repay loans.

Infrastructure Urban

08 Sep 2025

DRDO Transfers Key Defence Materials Tech to Industry

The Defence Metallurgical Research Laboratory (DMRL) of DRDO in Hyderabad has transferred three advanced indigenous materials technologies to leading Indian industry partners, marking a major step towards self-reliance in strategic defence manufacturing. The Licensing Agreement for Transfer of Technology (LAToT) documents were handed over by Dr Samir V Kamat, Secretary of Defence R&D and Chairman of DRDO, at a ceremony held at DMRL on 30 August 2025.The transferred technologies include:High-Strength Radomes: Transferred to BHEL, Jagdishpur, this technology enables the manufacture of high-p..

Coal Ministry Honours Top Mines for Safety and Sustainability

The Ministry of Coal hosted the Star Rating Award Ceremony in Mumbai to recognise outstanding coal and lignite mines for their achievements in safety, environmental responsibility, scientific operations, and community welfare. Union Minister of Coal and Mines Shri G. Kishan Reddy, accompanied by Minister of State Shri Satish Chandra Dubey and Secretary Shri Vikram Dev Dutt, presented the accolades.The awards celebrate mines that have demonstrated excellence across key parameters such as safety, productivity, scientific mining, environmental stewardship, and socio-economic impact. The Minister ..

Modi Highlights Decade of Bold Economic Reforms

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.He welcomed the ongoing #NextGe..