Latest news with #NationalMonetisationPipeline


India Gazette
09-07-2025
- Business
- India Gazette
NHAI road award growth could reach 9-11% in FY26: Report
New Delhi [India], July 9 (ANI): The growth in road project awards by the National Highways Authority of India (NHAI) could reach 9-11 per cent in FY26, according to a report by Axis Securities. The report noted that while there has been a slowdown in awarding activities so far in the current fiscal, a slight improvement since November 2024 suggests that growth momentum may pick up in the coming months. It stated 'a slight improvement in project awarding has been observed since Nov'24, and if this trend continues, growth could reach 9-11 per cent in FY26'. As of July 2025, both the NHAI and the Ministry of Road Transport and Highways (MoRTH) have witnessed delays in awarding new highway projects. However, the report expects that the total length of roads awarded in FY26 will be in the range of 8,500-9,000 km, which is broadly similar to FY25 levels. The report highlighted that the recent pickup in project awarding activity since November 2024, if sustained, could lead to growth. In terms of construction, NHAI built a total of 5,614 km of national highways in FY25, surpassing its set target of 5,150 km. Despite this achievement, the government has announced a lower construction target of 10,000 km for FY26, the lowest in the past seven years. MoRTH recently informed the Department-Related Parliamentary Committee on Transport that the construction budget for FY26 is lower than Rs 10,421 crore. In addition, the monetisation target for FY26 is also below the Rs 39,000 crore previously expected. During the first quarter of FY26 (April-June 2025), NHAI took major steps under the second phase of the National Monetisation Pipeline (NMP 2.0), aiming to unlock Rs 10 lakh crore in capital over a five-year period. Of this, the road sector is expected to contribute Rs 3.5 lakh crore. In June 2025, NHAI also released its first-ever Asset Monetisation Strategy Document. The document outlines plans to raise capital through various models, including Toll-Operate-Transfer (ToT), Infrastructure Investment Trusts (InvITs), and securitisation. These efforts are part of a broader strategy to mobilise funding for infrastructure development without placing additional pressure on government finances. (ANI)


Time of India
07-07-2025
- Business
- Time of India
Smooth landing
India Post & other GOI depts can easily earn good money, by monetising their land & buildings It's a bad time to be in the mail business. Denmark is removing all letter boxes because the volume of personal mail has fallen 90% since 2000. UK's 500-year-old Royal Mail was sold to a Czech billionaire last year, because it's not popular anymore. From a peak of 20bn letters per year in 2004, it came down to 7bn in 2024. US Postal Service lost $9.5bn last year, up from $6.5bn in 2023. With 1.65L post offices, India Post is the largest mail carrier in the world, and its losses aren't insignificant either. But scrapping it is not an option as 90% of post offices serve rural locations, and remote or tribal areas. Govt has been trying to boost revenue by turning India Post into a logistics firm – delivering Amazon packages in remote areas, for example. But monetising the larger post offices, especially the 15,823 in urban areas, could also improve finances. As communications minister Jyotiraditya Scindia told TOI in an interview: 'You can have the post office on the ground floor and build the whole building and lease out space.' It's a timely idea, not only for the department but also private businesses and institutions scouting for leasable premises in India's fast-growing cities. As Scindia said, India Post is already examining its paperwork to identify post offices that could be developed first, and other govt departments should follow its lead. GOI is the largest landowner in India, possessing some 15,500 sq km – more than 10 times the area of Delhi. Indian Railways alone owns at least 4,900 sq km of land. The defence ministry reportedly owns about 50% more. And there are dozens of other departments with large landholdings. Most of this land cannot be commercially developed, of course, but if even 1% can, we're talking 155 sq km – a quarter of Mumbai. Niti Aayog has pointed out that India's public sector is sitting on an inventory of 'underutilised land assets'. Consider that railways has leased out only 88 sq km or less than 2% of its land bank for passenger and cargo facilities, and commercial development. Niti's advice, under the National Monetisation Pipeline, is to 'own, hold, manage and monetise' land and building assets of GOI-owned public sector enterprises. This strategy can not only trim losses, but also help improve passenger experience in trains and stations, and ensure India's letter boxes don't go the way of the pay phone. Facebook Twitter Linkedin Email This piece appeared as an editorial opinion in the print edition of The Times of India.


The Hindu
07-07-2025
- Politics
- The Hindu
Visakhapatnam Port All Trade Unions JAC leaders demand abolition of Labour Codes
Leaders of All Party Trade Unions JAC of Visakhapatnam Port said that the implementation of Labour Codes will deprive workers of their right to go on strike. Once the mandatory strike notice is issued, the Labour officials would admit conciliation after which workers will lose their right to strike. Addressing a media conference here on Monday (July 07), the JAC leaders said the new Labour Codes would also deprive the workers of their right to form into a union to fight for their rights. They alleged that even before the Labour Codes were brought out by the Centre, various experiments were being made for the past 10 years like non-registration of unions formed in various industries by the managements and the government. The Port JAC leaders sought implementation of the Major Ports Wage Agreement made in September 2024 and withdrawal of the Major Port Authorities Amendment Bill, 2025, and withdrawal of the system of leasing of assets of major ports under the National Monetisation Pipeline scheme. Later, the JAC leaders Pothana (AITUC), J. Suribabu (HMS), V.S. Padmanabha Raju (CITU), B. Lakshmana Rao (VDLB), N. Kanaka Rao (CFTUI national president) and Chandu (INTUC) released a poster on the General Strike to be observed all over the country on July 9. They explained that after admission of the conciliation by the Labour officials, any strike by the workers would be treated as 'illegal'. Workers who resort to strike against the guidelines would have to forego their wages for eight days for each day of strike. The union leaders could be jailed apart from cancellation of union registration and recognition. On the other hand, employers who could be jailed for non-payment of PF and ESI to the workers, could no longer be jailed under the new Labour Codes. In the past employers used to comply with the rules as non-payment of PF and ESI could land them in jail. They had to pay at least 50% of the arrears to the workers, to obtain bail. This apart, the Centre has brought out a new law 'Jan Viswas' lifting 180 different punishments prescribed for non-implementation of labour laws under the old rules, they alleged. The Central and State governments have done away with the system of inspection of factories and industries. No law would be implemented without inspection. The existing laws can be amended by Parliament, but the new Labour Codes empower the State governments to amend the codes according to their whims and fancies.


Business Standard
10-06-2025
- Automotive
- Business Standard
National Highways Authority of India releases first ever Asset Monetization Strategy for Road Sector
To unlock value of operational National Highway assets and increase Public Private Partnership in Indias infrastructure development, National Highways Authority of India (NHAI), has released its first ever Asset Monetization Strategy for the Road Sector. The strategy presents a structured framework that provide a robust blueprint to mobilise capital through Toll-Operate-Transfer (ToT), Infrastructure Investment Trusts (InvITs), and securitisation models. These instruments have helped NHAI raise over Rs 1.4 lakh crore across more than 6,100 km of National Highways under National Monetisation Pipeline. The strategy is anchored on three core pillars that include Value Maximisation of Government Road Assets, Transparency of Processes and Dissemination of investor-relevant information, and market development through deepening the investor base as well as promoting stakeholder engagement.
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Business Standard
09-06-2025
- Business
- Business Standard
NHAI to consider public InvIT to widen investor base, include retail buyers
Aiming to raise public funds for its asset monetisation pipeline, the National Highways Authority of India (NHAI) on Monday said it is considering a new infrastructure investment trust (InvIT) open to retail investors. 'NHAI has successfully launched private InvIT and monetised over 2,300 km of highways. NHAI is now considering launching public InvIT to increase the overall investor base, develop a competitive environment in the InvIT market, and mitigate the risk of a limited investor base. Further, public InvIT will also cater to retail investors, thereby providing access to infrastructure assets,' the highway authority said in its Asset Monetisation Strategy Report. Union highways minister Nitin Gadkari has repeatedly said over the past four years that he wants common citizens to benefit from rapid infrastructure expansion by allowing them to invest in highway projects via InvITs. However, officials said the process has turned out to be lengthy and complicated with tough regulations in place. In its report, NHAI did not confirm it will decisively go through with the proposal. InvITs are one of the three primary modes of highway monetisation used by NHAI, under which a trust manages several road assets and investors can benefit from toll revenues by becoming unitholders. As a department, NHAI has contributed significantly to the first National Monetisation Pipeline. It has achieved 71 per cent of NITI Aayog's NMP Road Sector Pipeline from 2021-22 to 2024-25 (Rs 1.15 trillion achieved out of a target of Rs 1.6 trillion). Total monetisation so far stands at Rs 1.4 trillion. The highways ministry is also likely to be given the steepest target of all government departments in the second monetisation pipeline, which will run up to 2029-30. It will likely have to monetise highways worth Rs 3.5 trillion over the next five years. The authority also mentioned an issue that had previously been a bone of contention between the private sector and government – the determination of Initial Estimated Concession Value (IECV). In 2020, the authority stopped declaring IECV of toll-operate-transfer (TOT) bundles, fearing a concentration of bids around the disclosed price. The sector responded that the disclosure of IECV was an important requirement, after which NHAI started disclosing the assumptions made to reach the IECV, but not the amount itself. Now, it plans to make the disclosure model more transparent. 'By aligning investor expectations with the potential performance of the asset, NHAI will aim to minimise risks and enhance the attractiveness of the investment opportunity through monetisation. Currently, NHAI declares macroeconomic factors such as interest rate, inflation, traffic and revenue growth rate, operating and maintenance expenditure, etc. NHAI will regularly review and update these factors to assist potential investors in preparing more realistic estimations,' it said. NHAI already has initiatives underway to increase the number and volume of ToT bundles and InvIT phases. Specifically, NHAI aims to offer three ToT bundles per quarter, including one smaller (Rs 2,000 crore), one medium (Rs 5,000 crore), and one large (Rs 9,000 crore) bundle, and to conduct one or two InvIT phases each year to cater to a broad spectrum of investors. NHAI will also assess market conditions in future and adjust bundle sizes accordingly, it said.