NHAI to adopt HAM, EPC models to grant highway contracts

04 Jul 2023 CW Team

The National Highways Authority of India (NHAI) has decided to adhere to the hybrid annuity model (HAM) and engineering procurement and construction (EPC) models to complete its targets, while doing away with the build-operate-transfer (BOT) mode altogether.

For the ongoing year, it is likely to award 65 per cent of the projects under HAM and 35 percent under EPC in the total mix. In FY24, the NHAI aims to award highway projects of 6,036 km, up from 6,003 km awarded in the previous financial year, even as the ministry has set the target of using up 91 percent of its capital budget by December-end.

During April and May months of 2023, various highway building arms have constructed 1,465 km of highways. Contracts were awarded for 382 km of highways during these two months, as against 496 km in the same period last year.

Under Bharatmala so far, EPC projects accounted for 46.9 percent and HAM 51.7 per cent and BOT 1.4 per cent. The initial target was to award projects under HAM (60 percent), EPC (30 percent) and BOT (10 per cent) modes.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..