Latest news with #NationalMonetizationPipeline
Mint
20 hours ago
- Automotive
- Mint
NHAI outlines its asset monetization strategy for the first time
New Delhi: The National Highway Authority of India has for the first time outlined its strategy to monetize assets to unlock value and increase public-private participation for developing infrastructure in India. The state-run agency's 'Asset Monetization Strategy for the Road Sector' provides a blueprint to mobilize capital through toll-operate-transfer (ToT) model, infrastructure investment trusts (InvITs), and securitization. The strategy is anchored in three core pillars: value maximization 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. As one of the early movers towards alternative financing mechanisms, the NHAI's strategy aligns with the Government of India's asset monetization plan for 2025-30. Instruments like ToT, InvITs and securitisation have helped the state-run agency to raise over ₹ 1.4 trillion so far across more than 6,100 km of national highways under the National Monetization Pipeline. 'The unique approach that NHAI has adopted towards asset monetization not only ensures financial sustainability but also opens opportunities for the private sector, leverages advanced technologies, enhances quality and longevity of our road assets,' said NHAI chairman Santosh Kumar Yadav. 'The successful implementation of this strategy will provide NHAI with a steady stream of financing, reducing our reliance on traditional funding sources.' N.R.V.V.M.K. Rajendra Kumar, member finance, NHAI said, 'This document outlines a strategic framework to maximize the benefits of asset monetization. It emphasizes the need for a structured approach to identify and value assets, ensuring transparency and fostering investor confidence.' According to ratings agency Crisil Ltd, for NHAI to reach its previous highs of 6,000 km per year of awards and execution, a substantial rise in private capital through acceleration in asset monetisation will be essential. 'We expect the share of monetisation in NHAI's sources of funds to grow to 18% in this fiscal and next, compared with 14% in the preceding two fiscals,' Crisil said in its report on infrastructure. 'What lends confidence here is a monetisable asset base worth ₹ 3.5-4 lakh crore.'
Hans India
04-05-2025
- Business
- Hans India
Trade union leaders call for a united strike on May 20
Visakhapatnam: Listing several demands, all trade union leaders issued a notice to the management of the Visakhapatnam Steel Plant (VSP) informing that they are going on a strike on May 20. They emphasised that they are going on a strike to bring in long pending issues of the plant to the management's notice, appeal to look into them and resolve them at the earliest. Withdrawing strategic sale of the Rashtriya Ispat Nigam Limited, allotting captive mines to the plant and merging RINL with SAIL along with ensuring raw materials before starting blast furnace-3 topped the demand list. The other demands include reinstating contract workers who were removed from the service, implementing new wages, paying complete salary every month, restoring HRA with retrospective effect, restoring welfare measures which were stopped by the management and providing employment for displaced family members. Union leaders of AITUC, INTUC, CITU, YSRTUC, VSEU, among other units mentioned that the demand is also to stop privatisation of public sector undertakings, scrap National Monetization Pipeline (NMP), amend existing law on mining of minerals and metals and ensure 50 percent share of profit from mines, including coal mines for upliftment of local communities, especially Adivasis and farmers. In addition, appeal to stop unilateral decisions on workers' or work-related issues, no termination of employment of contract workers as being done in various establishments including RINL, restoration of old pension scheme and scrapping of NPS and UPS, removal of all ceilings on payment and eligibility of bonus, PF and gratuity forms a part of the demand list. The strike will continue from 6 am on May 20 to 6 am on May 21.
