Two TOT projects will fetch NHAI Rs 4,200 crore

13 Jul 2022 CW Team

Under the toll-operate-transfer (TOT) model, the National Highways Authority of India (NHAI) will get an upfront payment of Rs 4,200 crore from the monetisation of two operational highway stretches totaling 200 km.

The ninth TOT bundle's highest bidder, National Investment and Infrastructure Trust (NIIF), has offered to pay Rs 3,011 crore for a 72-km stretch of NH-19 in Uttar Pradesh. For the ninth bundle, which consists of a 125-km stretch on NH-36 in Madhya Pradesh, Sekura Roads has made a bid of Rs 1,711 crore. On Monday, financial bids for the two TOT bundles were made public.

NIIF is a government-backed cooperative investment platform for foreign and Indian investors. A portfolio company of the Edelweiss Infrastructure Yield Plus fund is Sekura Roads.

To recuperate its investments, operators under the TOT model charge user fees on the stretches at the rates set forth by the NHAI. However, they are required to keep the stretches in good working order for the duration of the concession period, which for the ninth and tenth bundles is 15 years each.

Also read:
Dilip Buildcon backed as L-1 bidder for Rs 1400 crore project
Due to high input prices, highway construction slowed down in Q1

Infrastructure Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..