Swarajya Logo
Swarajya Logo
Politics States Economy Society Business Culture Infra Defence World Books Ideas Science Technology Heritage Archives Legal Movies Sports
  • Our Views
    Politics States Economy Society Business Culture Infra Defence World Books Ideas Science Technology Heritage Archives Legal Movies Sports
  • Magazine
  • Store

About Swarajya

Swarajya is a publication by Kovai Media Private Limited.

Swarajya - a big tent for liberal right of centre discourse that reaches out, engages and caters to the new India.

editor@swarajyamag.com

Useful Links

  • About Us
  • Subscriptions Support
  • Editorial Philosophy
  • Press Kit
  • Privacy Policy
  • Terms of Use
  • Code of Conduct
  • Plagiarism Policy
  • Refund & Cancellation Policy

Useful Links

  • About Us
  • Subscriptions Support
  • Editorial Philosophy
  • Press Kit
  • Privacy Policy
  • Terms of Use
  • Code of Conduct
  • Plagiarism Policy
  • Refund & Cancellation Policy

Participate

  • Contact Us
  • Write for us
  • Style Guide
  • Jobs

Stay Connected

  • Artboard 2 Copy 6Created with Sketch.
    Artboard 2 Copy 10Created with Sketch.
    Artboard 2 Copy 7Created with Sketch.
    Artboard 2 Copy 9Created with Sketch.
  • Andriod Logo
  • IOS Logo

Insta

Centre Might Shut Down NHAI’s ETC Subsidiary Due To Lack Of Returns

Swarajya StaffWednesday, August 1, 2018 4:13 pm IST
Vijayawada - Guntur National Highway (Pratapkagitha/Wikimedia Commons)
Vijayawada - Guntur National Highway (Pratapkagitha/Wikimedia Commons)
Vijayawada - Guntur National Highway (Pratapkagitha/Wikimedia Commons)

In December 2012, the National Highway Authority of India (NHAI) set up a new subsidiary – the Indian Highways Management Company Limited (IHMCL) – to implement its Electronic Toll Collection (ETC) system. The NHAI held 41.38 per cent of IHMCL with various highway operators holding 33.81 per cent and the Life Insurance Corporation of India (LIC) and ICICI Bank holding the remaining 24.81 per cent.

However, with LIC and ICICI now looking to exit the venture due to a lack of returns, the NHAI might shut down the subsidiary and hand over operations to a South Korean firm, reports Business Standard.

IHMCL implemented the FASTag ETC platform in late 2014 after the National Democratic Alliance (NDA) government came to power. Apart from ETC operations, it conducts traffic surveys and is also in the process of setting up highway-side amenities under NHAI’s Highway Village and Highway Nest programmes.

The Centre has looked at separated entities to handle different operations in order to streamline operations.

Tags
Nitin Gadkari
National Highways Authority of India (NHAI)
FASTag
Ministry of Road Transport and Highways (MoRTH)
Highway Villages
Highway Nests
Electronic Toll Collection
ETC
Indian Highways Management Company Limited (IHMCL)

Comments ↓

An Appeal...


 

Dear Reader,

 

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

 

Our business model is you and your subscription.  And in challenging times like these, we need your support now more than ever.

 

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

 

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Get Swarajya in your inbox.


Magazine


Swarajya Magazine Cover Image
Merchandise

Merchandise


    Politics

    "Not Winning Solely On Modi's Popularity": Prashant Kishor Lists Out Four Reasons For BJP Victories In Three States

    "Not Winning Solely On Modi's Popularity": Prashant Kishor Lists Out Four Reasons For BJP Victories In Three States

    Nishtha Anushree
    2h

    AIADMK Leadership Dispute: Madras High Court Rejects Sasikala's Bid For AIADMK Interim General Secretary Status

    Bhuvan Krishna
    4h

    "Not CM Contender, Will Do What Party Assigns, Modi Ji Is Our Leader": Shivraj Singh Chouhan After Madhya Pradesh Victory

    Nishtha Anushree
    5h

    Economy

    India Anticipated To Be Fastest Growing In Next Three Years, Set to Become Third Largest Economy By 2030: S&P

    India Anticipated To Be Fastest Growing In Next Three Years, Set to Become Third Largest Economy By 2030: S&P

    Nishtha Anushree
    6h

    Sensex Surpasses 69,000 For First Time As Investor Confidence Surges Post BJP Sweep In Three States

    Bhuvan Krishna
    8h

    Sensex, Nifty Close At All-Time High After BJP Victories In Three States, Record Surge Of Over 2 Per Cent

    Nishtha Anushree
    1d

    Defence

    On This Day, In 1971, Indian Navy Struck Pakistan's Naval Fleet At Karachi, Sank PNS Ghazi At Visakhapatnam, And Decimated Tanks In Longewala

    On This Day, In 1971, Indian Navy Struck Pakistan's Naval Fleet At Karachi, Sank PNS Ghazi At Visakhapatnam, And Decimated Tanks In Longewala

    Ujjwal Shrotryia
    3h

    On This Day, In 1971, Indian Air Force Struck Pakistani Installations For The Second Straight Day, Setting Stage For Historic Naval Raids On Karachi

    Ujjwal Shrotryia
    1d

    IAF's Mighty 'Mi-26,' Able To Lift Chinooks, Set For Overhaul With Russian Help

    Ujjwal Shrotryia
    1d

    World

    Moody's Downgrades China's Credit Ranking From Stable To Negative Citing Continuous Contraction Of Property Sector

    Moody's Downgrades China's Credit Ranking From Stable To Negative Citing Continuous Contraction Of Property Sector

    Nishtha Anushree
    2h

    Not Enough Joining US Military: Here's An Interesting Solution By A Senator — Let Illegal Immigrants Join, In Exchange For Citizenship

    Swarajya Staff
    8h

    Chinese Economic Crisis Deepens As Debt Defaults Reach Record High

    Swarajya Staff
    1d

    Culture

    'Celebrate At Home': Champat Rai Of Ram Janambhoomi Trust Urges Hindus Not To Visit Ayodhya On 22 January

    'Celebrate At Home': Champat Rai Of Ram Janambhoomi Trust Urges Hindus Not To Visit Ayodhya On 22 January

    Bhuvan Krishna
    8h

    'Animal': Sandeep Reddy Vanga 2 – Liberals 0

    K Balakumar
    3d

    Why The Insidious Anti-Hindu Communalism Of Certain Directors Goes Scot-Free

    Anonymous Contributor
    3d
    States

    infrastructure


    Arun Kumar Das
    1

    Delhi-Meerut-Ghaziabad RRTS: Power Supply Commences Beyond Priority Section On Rapid Rail Corridor

    2 Mins Read
    Amit Mishra
    2

    Groove On The Go: Delhi Metro Unveils Pilot Project For Audio Ads And Jingles

    1 Mins Read
    Amit Mishra
    3

    Vadnagar: Airport In The Works For PM Modi's Hometown, Central Team To Study Feasibility

    2 Mins Read
    Amit Mishra
    4

    Delhi-Meerut RRTS Corridor Achieves 67 Per Cent Completion, On Course For 2025 Deadline

    2 Mins Read