Current Affairs Agreements

NHAI Collaborates with Oil Marketing Companies for Issuance of FASTags

Category : Agreements

  To ensure easier availability of FASTags, Indian Highways Management Company Ltd. (IHMCL), a company promoted by NHAI, has signed MoUs with state-run Oil Marketing Companies (IOCL, BPC, and HPC). It will ensure availability of FASTags at petroleum outlets across India. In the first phase, the tags will be available across 50 Fuel Station in Delhi NCR, which will subsequently be expanded to outlets across India. IHMCL has been mandated to implement the National Electronic Toll Collection Program (NETC) in the country. The company launched the program under the brand name “FASTag” in April 2016.
Source- Press Information Bureau (PIB)


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