State-run National Highway Authority of India (NHAI) said on Monday that its subsidiary, DME Development (DMEDL), successfully raised ₹775 crore from the first of its kind issue of green bonds in roads and highways sector. Speaking on the issue, NHAI Chairman Santosh Kumar Yadav said, “I am very pleased with the encouraging response and would […]
NEW DELHI: In a first for the road sector, NHAI on Thursday said it will issue Rs 1,000 crore green bonds in second week of Dec to raise funds to implement environment-friendly steps on Delhi-Mumbai Expressway (DME) project.“This fund will be used for activities such as expenditure on avenue plantation, median plantation, construction of animal […]
Asset reconstruction companies (ARCs) will see their cumulative recovery rate for stressed road projects rise 700-1,000 basis points (bps) in FY25 after doubling to 50-55 per cent last fiscal, Crisil Ratings said on Monday. This will be driven by faster completion or de-scoping of pending construction resulting in start of annuities by the National Highways […]
