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Get latest articles and stories on Business at LatestLY. ICRA projects that the monetisation of 33 road assets through the toll-operate-transfer (TOT) and Infrastructure Investment Trust (InvIT) modes could yield between Rs 53,000 crore and Rs 60,000 crore. Business News | NHAI's Asset Monetisation Drive Poised to Generate Up to Rs 60,000 Cr in FY2025.
Roads And Highways Sector: ICRA has said that NHAI’s monetisation drive could fetch around INR 60,000 crore in FY25. Similarly, India Ratings & Research has said that the government has identified 53 projects, valued at INR 2 lakh crore, which will be bid out in the coming years. These projects will be bid out on build-operate-transfer (BOT) contracts, norms for which were tweaked last year.
Asset quality of the most lenders in the January-March quarter have reported an improvement, with stage 3 loans coming down.
ICRA's Kinjal Shah discusses the stable cost environment in the aviation industry with a 14% YoY decline in fuel prices, leading to a decline in net loss. She highlights growth opportunities in the domestic aviation industry and the significance of international operations for carriers. Further Shah says: "We would see two years of 8% to 13% growth for the aviation passenger traffic in the domestic sector."
In an interview, PM Modi said he aims to slash electricity bills to zero by ensuring every household draws renewable power from rooftop solar panels.