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Reading: NHAI bans 14 companies for discrepancies in price assortment at toll plazas
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StockWaves > Business > NHAI bans 14 companies for discrepancies in price assortment at toll plazas
Business

NHAI bans 14 companies for discrepancies in price assortment at toll plazas

StockWaves By StockWaves Last updated: March 20, 2025 7 Min Read
NHAI bans 14 companies for discrepancies in price assortment at toll plazas
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In an unprecedented motion to strengthen consumer price assortment, the Nationwide Highways Authority of India (NHAI) on Thursday debarred 14 consumer price assortment companies for irregular actions at toll plazas.

‘Efficiency Securities’ price over Rs. 100 crore of the defaulting companies have been forfeited and are being encashed for breach of the contract.

In line with the Ministry of Street Transport and Highways, raids on the Atraila Shiv Ghulam Toll Plaza in Mirzapur district of Uttar Pradesh was carried out by UP Particular Process Power.

Primarily based on the FIR, NHAI took immediate motion and served ‘Present Trigger Discover’ to the defaulting companies.

The replies submitted by the price assortment companies weren’t discovered to be passable.

The companies have been debarred for a interval of two years for violation of the provisions of the contract settlement.

So as to guarantee seamless operation of the toll plazas that had been managed by debarred companies, NHAI will intimate the defaulting companies at hand over the Toll plazas to a brand new company that will likely be appointed by the authority.

NHAI mentioned it’s dedicated to comply with the best requirements in freeway operations and any lapses will likely be handled zero tolerance. Motion will likely be taken towards the defaulters, and they are going to be debarred from NHAI tasks with extreme penalties.

In line with the most recent authorities knowledge, the typical annual development of Nationwide Highways has jumped by a large 130 per cent throughout 2014-2024, as in comparison with the earlier 10 years from 2004-2014, and has taken the size of these arising within the final 10 years to 1,01,900 kms.

Presently 1,366 tasks having a complete size of about 32,366 km are below development in your complete nation, together with in Chhattisgarh, Rajasthan and all northeastern states, in line with the federal government.



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