The Noida Authority is looking for ways to construct a proposed 30km parallel road to ease travel on the Noida Expressway after the NHAI backed out from the project over procedural delays.
Amit Kumar Singh, GR Highways Investment Managers, projects that FY24 EBITDA will exceed Rs 1,000 crores. Despite a decline in revenue, profits have improved. The Bharat Highways InvIT will include seven special purpose vehicles (SPVs). A ROFO arrangement with GR Infra will help address revenue blips and extend the life of the InvITs.
FASTag KYC updation deadline: The NHAI has taken this action in response to recent reports of the issuance of numerous FASTags for a single vehicle and the issuance of FASTags without KYC, which is against RBI requirement. Here is how to update FASTag KYC.