NHAI to buy back 20 Road Projects

The National Highways Authority of India (NHAI) will buyback 20 National Highway and another 19 state highway projects totalling about 3,160 km, which are managed by private players. The projects that have been identified include the much-delayed Muzaffarnagar-Haridwar and Ambala- Chandigarh stretches in north India and Tada-Nallore highway in Andhra Pradesh and Salem-Namakkal in Tamil Nadu. The total cost of the 20 identified NH projects is estimated at least Rs 8,200 crore. The estimated cost of the state highways is yet to be worked out. The buyback policy was approved at the last meeting of the NHAI board for augmenting the capacity of existing twolane and four-lane highways to meet the increased traffic demand and to develop some of them as economic corridors under the Bharatmala programme. Out of the 19 identified state highways, a maximum of eight falls in Rajasthan followed by four each in Punjab and Madhya Pradesh.
The total order inflow during the FY18- 19 stands at Rs 1,624.8cr. The stock ended at Rs 413 up by Rs 8.25 or 2.04% from its previous closing of Rs 404.75 on the BSE. The scrip opened at Rs 409 and touched a high and low of Rs 417 and Rs 400.20 respectively. Ahluwalia Contracts is one of India’s leading EPC (Engineering, Procurement and Construction) companies with a huge pan-India presence. The company is engaged in construction of wide range of structural buildings such as hospitals, hotels, educational institutions, etc. Its order book comprises of institutional - 29%, residential - 24%, hospital - 21% and infrastructure - 12%.
The ‘Adopt a Heritage’ project, brainchild of Ministry of Tourism, along with the Ministry of Culture and the Archaeological Survey of India, was launched on World Tourism Day 2017 by President Ram Nath Kovind. It aims to develop the monuments, heritage and tourist sites across India by inviting corporate entities, public sector companies or individuals to ‘adopt’ them for a period of five years.