NHAI's total borrowing rises to Rs 3.06 lakh cr in March 2021

PTIUpdated: Monday, August 02, 2021, 04:16 PM IST
article-image
Replying to a question in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said Since 2017, NHAI has availed external borrowing to the tune of Rs 3,000 cr/Representative image |

The total borrowing of National Highways Authority of India (NHAI) increased to Rs 3,06,704 crore in March 2021 from Rs 74,742 crore in March 2017, Parliament was informed on Monday.

Replying to a question in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said Since 2017, NHAI has availed external borrowing to the tune of Rs 3,000 crore.

The minister informed that the amount of interest paid by NHAI in 2020-21 was Rs 18,840 crore. He also said that as of date, there are 140 arbitration cases pending before various arbitral tribunals, wherein an amount of Rs 91,875.70 crore of the contractors/ concessionaires claims and Rs 44,600 crore of NHAI's counterclaims is involved for adjudication.

Further, there are 240 cases pending before the courts wherein Rs 21,601 crore is involved, he added. Replying to a separate question, Gadkari said the Centre has not notified green tax on older vehicles.

However, state/UT governments of Andhra Pradesh, Telangana, Karnataka, Maharashtra, Dadar & Nagar Haveli, Uttar Pradesh, Jharkhand etc. have imposed higher rates of tax on older vehicles, he said.

(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

HFCL receives order for optical fibre cables worth Rs 206.67 crore from Reliance

HFCL receives order for optical fibre cables worth Rs 206.67 crore from Reliance

Amidst layoff season demand for non-tech jobs grew in December 2022: Report

Amidst layoff season demand for non-tech jobs grew in December 2022: Report

Cash-strapped Pakistan raises petrol, diesel prices by Rs 35

Cash-strapped Pakistan raises petrol, diesel prices by Rs 35

Ahead of Market: Factors to lookout for the budget week

Ahead of Market: Factors to lookout for the budget week

Is this the biggest challenge faced by Gautam Adani?

Is this the biggest challenge faced by Gautam Adani?