NHAI aims for Rs 30-bn infrastructure financing via bond market

18 Oct 2023 CW Team

DME Development, a division of the National Highways Authority of India (NHAI), has announced its plans to generate Rs 30 billion by entering the bond market for the first time in this fiscal year. It was stated that DME, a special-purpose vehicle established by the NHAI in August 2020 for constructing the Delhi-Mumbai expressway, which spans across Delhi, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra, is considering this financial move. In March, it was reported that DME had successfully garnered Rs 23.55 billion through 10-year bonds at a semi-annual coupon rate of 7.89%. Additionally, in February, it had managed to secure Rs 36.84 billion through 10-year bonds at a semi-annual coupon rate of 7.82%. The company is presently exploring the possibility of raising approximately Rs 30 billion through the issuance of 10-year bonds. It is contemplating the option of inviting bids for the issuance later this month.

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..