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NHAI Collaborates with Oil Marketing Companies for Issuance of FASTags

NHAI Collaborates with Oil Marketing Companies for Issuance of FASTags_50.1

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)

Static/Current Takeaways Important For IBPS Clerk Mains Exam:

  • Dharmendra Pradhan is the Minister of Petroleum and Natural Gas.
  • Nitin Jairam Gadkari is the Minister of Road Transport and Highways.

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