NHAI targets Rs 30bn bond issuance for Delhi-Mumbai Expressway

18 Oct 2023 CW Team

DME Development, a division of the National Highways Authority of India (NHAI), is preparing to enter the bond market for the first time this fiscal year, with the aim of generating Rs 30 billion ($360.74 million).

Established as a special-purpose vehicle by the NHAI in August 2020, DME Development is responsible for constructing the Delhi-Mumbai expressway, which traverses the states of Delhi, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra.

In March, DME successfully secured Rs 23.55 billion through the issuance of 10-year bonds carrying a semi-annual coupon rate of 7.89%. Prior to that, in February, the company raised Rs 36.84 billion via 10-year bonds at a semi-annual coupon rate of 7.82%.

Currently, DME is in the process of planning another bond issuance, aiming to raise approximately Rs 30 billion through 10-year bonds. The company is considering inviting bids for the issuance later this month.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..