NHAI sets record with Rs 156.24 bn concession value in InvIT Round-3

13 Feb 2024 CW Team

NHAI has achieved a record concession value of Rs 156.24 billion through 'InvIT Round-3', marking the highest ever. This milestone was reached by monetising 10 stretches, totalling approximately 890 km. Impressively, the Letter of Acceptance (LOA) was issued within two hours of the bid opening.

NHAI employs three monetisation modes: Toll Operate Transfer (TOT), InvIT, and Securitisation. In the current financial year, NHAI has already awarded four TOT Bundles, resulting in a monetised value of Rs 159.68 billion. The success rate in the TOT mode for FY24 stands at 100%, with LOAs issued within one day of the financial bid opening.

Previously, under the TOT Mode, NHAI successfully monetised six rounds covering 1614 km, generating Rs 263.66 billion, and two rounds of InvIT (635 km), bringing in Rs 102 billion. Additionally, through Securitisation, NHAI has raised about Rs 370 billion thus far, with an anticipated Rs 50 billion by the end of FY24.

As a result, the Total Asset Monetisation Program of MoRTH and NHAI has surpassed Rs 1 trillion, comprising Rs 423.34 billion through TOT, Rs 261.25 billion through InvIT, and Rs 420 billion through Securitisation. This achievement aligns with the Government of India's vision outlined in the National Monetisation Plan and reinforces the fulfilment of budgetary announcements by the government of India.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..