Just 3 companies show up for NHAI’s toll-operate-transfer-3 auctions
NEW DELHI: The highways ministry’s third round of auctions for monetisation of toll roads has received bids from only three players, officials aware of the matter said. The turnout is strikingly low especially after 27 players had evinced interest during the pre-bid meetings.
The National Highways Authority of India (NHAI) had in June this year invited bids for the third bundle of toll-operatetransfer (TOT) auctions, looking to raise a minimum of Rs 4,995 crore. While the names of the companies that have submitted bids due on Monday are not yet known, officials said leading infrastructure players such as AdaniNSE -5.57 %, Cube Highways, IRB Infrastructure and Larsen & Toubro could be among the bidders.
