The National Highways Authority of India has monetised Rs 283.07 billion (Rs 28,307 crore; Rs 283.07 bn) through a combination of public infrastructure investment trusts, private infrastructure investment trusts and Toll-Operate-Transfer mechanisms in fiscal year 2025–26, the Ministry of Road Transport and Highways said. The authority has already monetised two TOT bundles and has received bids for TOT Bundle-19 that are under technical evaluation, leaving it well poised to achieve the Government of India’s budgeted target of Rs 300 billion (Rs 30,000 crore; Rs 300 bn) for the year. NHAI has monetised over 310 kilometres under InvIT Round-5 as part of its Infrastructure Investment Trust programme. InvIT-5 has been awarded to NHIT Western Projects Private Limited for a concession fee of Rs 63.67 billion (Rs 6,367 crore; Rs 63.67 bn) for a concession period of 20 years, covering two National Highway sections including the 255.9 kilometre Amravati-Chikhali-Tarsod section of National Highway 53 in Maharashtra and the 54.3 kilometre Gundugolanu-Chinna Avutapalli section of National Highway 16 in Andhra Pradesh. The assets included toll plazas such as Nashirabad, Dasarkhed, Taroda Kasba, Kurankhed and Kalaparru. Monetisation through TOT Bundle-18 raised Rs 30.87 billion (Rs 3,087 crore; Rs 30.87 bn) for the government and was awarded to M/s IRB Chandibhadra Tollway Private Limited for a concession period of 20 years, encompassing the 74.5 kilometre Chandikhole-Bhadrak section. The retail investor-focused InvIT, Raajmarg Infra Investment Trust, went public earlier in the month at a concession value of Rs 95 billion (Rs 9,500 crore; Rs 95 bn) and was oversubscribed nearly 14 times. The ministry indicated that the combination of InvIT and TOT transactions has strengthened the authority's ability to mobilise funds and advance highway development without additional budgetary support. Continued monetisation is expected to remain a key instrument of infrastructure financing as the authority seeks to meet its targets for the current fiscal year.