NHAI suspends Reliance Infra rights to rescue delayed Pune-Satara NH
ROADS & HIGHWAYS

NHAI suspends Reliance Infra rights to rescue delayed Pune-Satara NH

In order to salvage the delayed project that involves the Pune-Satara National Highway six-laning, the National Highways Authority of India (NHAI) has suspended the rights of the M/s Reliance Infra-floated special purpose vehicle (SPV) M/S P S Toll Road Private Limited and is now collecting the toll for the expeditious completion of the project.

M/S P S Toll Road Private Limited made this disclosure in an affidavit that had been filed last week to the Bombay High Court, hearing a petition filed by Right to Information Act (RTI) activist- advocate Pravin Wategaonkar and Sanjay Shirodkar to seek a directive to prosecute Reliance Infra-floated SPV P S Toll Road Private Limited which involves alleged irregularities in the toll collection project at the Pune-Satara National Highway.

S P S Toll Road Private Limited in the affidavit mentioned that NHAI after the meeting held on July 7, 2021, with Union Minister for Road Transport and Highways, Nitin Gadkari invoked the contract- Article 36, on November 1, 2011, they suspended rights of the Reliance Infra-floated SPV and commenced toll collection revenue of Rs 25 crore every month. The NHAI has taken the extreme step for salvaging this project and expeditiously completing it.

The petitioners seek criminal action against Reliance Infra-floated SPV P S Toll Road Road Private Limited for the alleged irregularities in the toll collection project at the Pune-Satara National Highway. They have further sought investigations by the Central Bureau of Investigation (CBI).

Image Source

Also read: NHAI terminates Chetak Enterprise's Kaithlighat-Dhalli road contract

In order to salvage the delayed project that involves the Pune-Satara National Highway six-laning, the National Highways Authority of India (NHAI) has suspended the rights of the M/s Reliance Infra-floated special purpose vehicle (SPV) M/S P S Toll Road Private Limited and is now collecting the toll for the expeditious completion of the project. M/S P S Toll Road Private Limited made this disclosure in an affidavit that had been filed last week to the Bombay High Court, hearing a petition filed by Right to Information Act (RTI) activist- advocate Pravin Wategaonkar and Sanjay Shirodkar to seek a directive to prosecute Reliance Infra-floated SPV P S Toll Road Private Limited which involves alleged irregularities in the toll collection project at the Pune-Satara National Highway. S P S Toll Road Private Limited in the affidavit mentioned that NHAI after the meeting held on July 7, 2021, with Union Minister for Road Transport and Highways, Nitin Gadkari invoked the contract- Article 36, on November 1, 2011, they suspended rights of the Reliance Infra-floated SPV and commenced toll collection revenue of Rs 25 crore every month. The NHAI has taken the extreme step for salvaging this project and expeditiously completing it. The petitioners seek criminal action against Reliance Infra-floated SPV P S Toll Road Road Private Limited for the alleged irregularities in the toll collection project at the Pune-Satara National Highway. They have further sought investigations by the Central Bureau of Investigation (CBI). Image Source Also read: NHAI terminates Chetak Enterprise's Kaithlighat-Dhalli road contract

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code