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ICRA expects the average Debt/OPBITDA of logistics companies to weaken to 4.1x and interest coverage ratio to average at 2.6x as compared to 2.5x and 4.9 x respectively in FY2020.

ICRA’s outlook on Indian road logistics industry remains Negative

6 Oct 2020 10:42 AM IST
October 6, 2020: The credit rating agency ICRA maintained the outlook on Indian road logistics industry as Negative due to continuing pressures on the...
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With the addition of 1400 new Ashok Leyland ICVs, the logistics start-up and its associates aim to become the top fuel bowsing and gas cylinder logistics company in India.

Procure Box places order for 1,400 commercial vehicles from Ashok Leyland

21 Sept 2020 12:48 PM IST
September 21, 2020: Logistics startup company, Procure Box, placed a large order of 1400 intermediate commercial vehicles (ICVs) from Hinduja Group’s...
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The first TIR shipment from Saudi Arabia to Oman passed through the United Arab Emirates and arrived at its destination marking a turning point in regional trade.

TIR cuts transport times between Saudi Arabia and Oman by 72%

21 Sept 2020 11:58 AM IST
September 21, 2020: Almajdouie Logistics moved almost 20 tonnes of dairy products, taking advantage of the TIR electronic pre-declaration (EPD) to...
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Three other variants are priced at %u20B9 7.95 lakh (i3 LX), %u20B9 7.79 lakh (i4 LS) and %u20B9 7.99 lakh (i4 LX).

Ashok Leyland launches LCV ‘Bada Dost’ with ₹7.75 lakh starting price

15 Sept 2020 12:59 PM IST
September 15, 2020: Ashok Leyland on Monday has launched its first light commercial vehicle (LCV) developed on its own platform, Bada Dost with a...
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The localised lockdowns imposed in Tamil Nadu and Maharashtra had adversely affected the toll collections for the stretches located in these states in July (reported 65-75 percent of pre Covid levels).

90% commercial vehicles back on road, toll collections indicate: ICRA

31 Aug 2020 5:30 PM IST
August 31, 2020: Post the resumption of tolling on national highways from April 20, 2020, the movement of commercial vehicles picked up significant...
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By floating SPV specific to a corridor, NHAI is aiming at diversifying its resource base and developing a sustainable and self-liquidating approach to raise finances.

NHAI forms wholly-owned SPV ‘DME Development’ for Delhi-Mumbai Expy.

17 Aug 2020 2:47 PM IST
August 17, 2020: National Highway Authority of India (NHAI) has registered a wholly-owned special purpose vehicle (SPV) company by the name of ‘DME...
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This web-based function was presided over by the chief minister of Haryana Manohar Lal Khattar.

Gadkari inaugurates & lays stones to 11 economic corridor projects worth Rs 20k cr in Haryana

14 July 2020 4:38 PM IST
July 14, 2020: Union minister for road transport, highways and MSMEs Nitin Gadkari today inaugurated and laid the foundation stones for 11 different...
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As part of the structure, a new company is being set up to act as the investment manager to the proposed InvIT.

NHAI to set up infrastructure investment trust to attract investors

3 July 2020 3:18 PM IST
July 3, 2020: National Highway Authority of India (NHAI) is in the process of setting up an Infrastructure Investment Trust (InvIT) to facilitate...
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All project documentation, contractual decisions and approvals are now being done through the portal only.

NHAI goes digital with cloud & AI-powered big data analytics platform

16 Jun 2020 1:23 PM IST
June 16, 2020: The National Highway Authority of India (NHAI) has gone ‘fully digital’, with the launch of cloud-based and artificial...
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The analysts reasoned it as due to govt spending on roads, ports and inland coastal shipping, increasing e-commerce sector, revised axle norms that reduced freight cost and rising the capacity of trucks.

Indian trucking to bounce back in 2021 with faster growth rate: Ken Research

13 Jun 2020 10:16 AM IST
June 13, 2020: Analysts at Ken Research in their latest publication “India Road Freight Market Outlook to 2024 – Driven by BS-VI Norms, revision in...
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The estimated outlay of BMP Phase 1 is Rs 5,35,000 crore. While the average cost of award stood at Rs 23.8 crore per km, 54 percent higher than the initial estimate of Rs 15.5 crore per km.

Bharatmala Phase-1 to delay till 2026 with 54% cost escalation: ICRA

12 Jun 2020 3:25 PM IST
June 12, 2020: The credit rating agency ICRA expects Bharatmala Pariyojana (BMP) Phase-1 to get completed by FY2026 as against the target of FY2022...
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With this solution, TCIL truck drivers receive an instant credit into their bank account, which they can then swipe at terminals or withdraw cash using ATMs.

DBS Bank launches UPI-based payment solution for TCI's truck drivers

10 Jun 2020 8:10 PM IST
June 11, 2020: DBS Bank India has partnered with the logistics player TCI to introduce a digital platform facilitating truck drivers with real-time...
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