Try GOLD - Free

Govt mulls guard rails to curb arbitration against NHAI

Mint Ahmedabad

|

October 29, 2025

The government has decided to introduce additional safeguards and scrutiny to prevent road and highway arbitrations against the National Highways Authority of India Ltd (NHAI) from running longer than expected and causing costs to pile up, two people aware of the matter said.

- Subhash Narayan & Manas Pimpalkhare

Govt mulls guard rails to curb arbitration against NHAI

Mint had reported on 25 June that NHAI has faced many such disputes in recent years, leading to a drop in highway project awards from 6,300 km in FY22 to about 4,000 km in FY25. Arbitration claims against NHAI have swelled to nearly ₹1 trillion as of March, roughly 40% of NHAI's total liabilities, underscoring the financial strain from unresolved conflicts. In July 2024, the finance ministry said in a Lok Sabha disclosure that about 60% of arbitral awards in cases related to public sector units (PSUs) such as NHAI Ltd and NTPCLtd were challenged.

MORE STORIES FROM Mint Ahmedabad

Mint Ahmedabad

Mint Ahmedabad

A Jan Van plan could use fintech to democratize carbon trading

Catalyse climate action through mass participation in emission reduction by opening up the market for carbon credits to all

time to read

3 mins

November 06, 2025

Mint Ahmedabad

Emirates open offer starts 12 Dec: RBL

RBL Bank said on Wednesday that Emirates NBD will launch an open offer on 12 December to buy shares from public investors.

time to read

1 min

November 06, 2025

Mint Ahmedabad

Mint Ahmedabad

WHY EPFO'S NEW WITHDRAWAL TIMELINES COULD CREATE MORE PAIN THAN PURPOSE

For millions of salaried Indians, tapping EPF savings just got harder. The EPFO has extended the wait for full withdrawals, raising concern that a move to promote long-term savings may instead add red tape. At its 238th meeting, the board eased partial withdrawals but stretched full withdrawal timelines—from two months to 12 months for EPF and up to 36 months for the pension scheme. With average balances below %2 lakh, the change is meant to deter early exits. But a reform meant to build discipline may end up testing patience.

time to read

2 mins

November 06, 2025

Mint Ahmedabad

Mint Ahmedabad

Actis looks to buy Sprng from Shell

Blackstone, Brookfield also interested in green power firm

time to read

2 mins

November 06, 2025

Mint Ahmedabad

NY plant fire to hit cash flow: Novelis

Novelis on Wednesday said it expects the free cash flow for the current financial year to be negatively impacted by $550-650 million due to fire incident at its plant in New York in September.

time to read

1 min

November 06, 2025

Mint Ahmedabad

Mint Ahmedabad

India could be AI’s biggest bet: It has hordes of early adopters

The country’s multitudes could make excellent use of AI enablers

time to read

3 mins

November 06, 2025

Mint Ahmedabad

Mint Ahmedabad

Titan bets on wedding season to sustain festive sales boost

Titan Co. Ltd, the country’s largest jewellery retailer by revenue, expects sales momentum to continue into the wedding season after a strong festive demand boosted its second-quarter earnings despite elevated gold prices.

time to read

2 mins

November 06, 2025

Mint Ahmedabad

Large clients keep Indian IT afloat amid Al uncertainties

Large clients helped soften the blow from an artificial intelligence (AI)-powered upheaval for at least three of India's top five software services providers this year so far.

time to read

1 min

November 06, 2025

Mint Ahmedabad

GST cuts fuel car loan surge, but CVs stay in the slow lane

Recent reduction in GST rates on select vehicles to 18% from 28% revived retail sentiment

time to read

3 mins

November 06, 2025

Mint Ahmedabad

Can Mamdani's NYC win influence US capitalism?

An openly socialist candidate was elected New York's mayor in a deeply capitalist country. If his welfare agenda is fiscally sound, it could change his party—and maybe America too

time to read

2 mins

November 06, 2025

Listen

Translate

Share

-
+

Change font size