The National Highways and Infrastructure Development Corporation Limited or NHIDCL, a prominent Schedule ‘A’ Central Public Sector Enterprise (CPSE) under the aegis of the Ministry of Road Transport and Highways, has reported another remarkable year of performance in the realm of infrastructure development for the financial year 2023-24.
This achievement reflects the organization’s ongoing commitment to enhancing the infrastructural landscape across 13 States and Union Territories, including the North Eastern States, Jammu & Kashmir, Ladakh, the Andaman & Nicobar Islands, and Uttarakhand.
The NHIDCL has made significant strides in not only developing highways but also in improving overall connectivity, which has a direct impact on the lives of the residents in these regions. Throughout the financial year, the corporation successfully executed a staggering 1,160 kilometers of highway construction and various other infrastructure projects, all of which were carried out at a total investment of Rs 20,851 crore.
This extensive work highlights NHIDCL’s dedication to creating robust infrastructure that caters to the growing needs of the population and facilitates better access to essential services and opportunities. A critical aspect of NHIDCL’s mission is to bridge the infrastructure gap in some of India’s most challenging terrains.
The company has prioritized the development of vital transportation links that enhance the movement of goods and people, thereby contributing to the economic growth of the regions involved. Improved road networks not only promote trade and commerce but also enhance tourism potential, leading to a positive ripple effect on local economies.
In addition to its operational achievements, NHIDCL has also made strides in providing returns to its shareholders. The company announced a dividend of Rs 5.30 per share, which amounted to a total payout of Rs 54.59 crore. This decision underscores NHIDCL’s robust financial health and its commitment to creating value for its stakeholders.
The focus on sustainable and inclusive development is central to NHIDCL’s operations. The corporation remains committed to ensuring that its projects are environmentally responsible and socially beneficial. By adhering to best practices in project execution, NHIDCL aims to minimize the ecological impact of its activities while maximizing the benefits to the local communities.
As NHIDCL moves forward, it continues to set ambitious targets for future infrastructural projects. With plans to further expand its reach and enhance the quality of life for citizens in various states, the corporation is poised to play a crucial role in India’s infrastructure development landscape. The successful execution of these projects in FY 2023-24 is just a glimpse of NHIDCL’s vision and dedication to building a stronger, more connected nation.
