Fitch Ratings forecasted India's economic growth at 6.6% during the current year, down
from 6.8% in the previous year. It said GDP (gross domestic product) growth is likely to
rebound to 7.1% next year.
The government is planning to issue a set of guidelines for allocating road projects on
Build-Operate-Transfer (BOT) basis that will ensure a certain level of preparedness
before awarding projects as it looks to revive private investment in the sector.
Apart from making changes in the concession agreement and exit clauses, among others, the ministry of road transport and highways will firm up the guidelines to ensure
risks are largely eliminated to revive the mode of project construction, a government
The board of National Highways Authority of India (NHAI) has cleared a plan to
monetize its land parcels along highways to part-fund the huge land acquisition costs
for building roads, a top official has said.
State Bank of India is “examining” a proposal from the National Highways Authority of
India (NHAI) to lend as much as ₹ 35,000 crore through securitisation of toll receipts to
part-fund highway projects this year, Chairman Rajnish Kumar has said.
Road Transport & Highways Minister Nitin Gadkari said that NHAI will
securitise/monetise toll receipts from projects and raise funds.
Three dozen companies have emerged as prospective bidders in the current round of
auctions for 27 coal blocks, from which 25% of the produce can be sold in the open
market. These companies include Vedanta, Tata Steel, Ultra Tech Cement, Balco,
Ambuja Cements, JSW Steel, Hindalco, Birla Corp, ACC Cement and Reliance
The coal ministry, which is conducting road shows in various cities, has prepared a list
of prospective bidders for its 8th, 9th and 10th Tranches of auction.
At a meeting called by the Coal Ministry for the potential bidders, stakeholders, for next
round of coal auctions, bidders have expressed concern over the lower number of coal
mines being put up for auction in the Eastern part of the country. They also pointed out
that the end-use industries (coal consumers) are in the East, but a majority of the
blocks on offer are in the Western part, specifically Maharashtra.