NHAIs deleveraging unlikely for 25 years

09 Nov 2023 CW Team

The National Highways Authority of India (NHAI) announced that it would require 25 years to deleverage its balance sheet. According to NHAI, it stated in response to an RTI query that it would achieve this goal by FY 2049-50. This information becomes significant as NHAI is currently struggling with its increasing debt. The Comptroller and Auditor General of India (CAG) raised concerns about the cost overruns in highway projects managed by NHAI.

Additionally, NITI Aayog, the Union government's think tank, mandated an evaluation of NHAI due to its escalating debt servicing burden, contingent liabilities, reliance on government budgetary support, and its ambitious highway and infrastructure plans. In the Union Budget 2023-24, NHAI received an allocation of Rs 1.62 trillion, which was 15% more than the revised estimates for 2022-23. As of September 2023, NHAI's total outstanding debt stood at Rs 3.48 trillion.

Experts believe that the asset monetisation initiative undertaken by NHAI will yield results in the next 15-20 years. Consequently, NHAI has internally set a target to complete the deleveraging of its balance sheet by FY 2049-50.

Infrastructure Urban

14 Oct 2025

DRI Introduces Advanced Fresh Air Solutions for Large Buildings

DRI has unveiled its latest solutions for indoor air quality (IAQ) and energy-efficient ventilation in large enclosed buildings: the Treated Fresh Air Handling Units (TFA) and Dedicated Outdoor Air Systems (DOAS). The TFA units integrate EcoFresh Molecular Sieve Coated Heat Wheels to deliver optimal IAQ while promoting energy savings. The modular design allows additional functions such as cooling, heating, humidification, high-efficiency filtration, mixing, and sound attenuation. Maintenance is minimal, with standard filters and fan assemblies designed for reliability and ease of service. TFA..

Dia Mirza-backed Without® Launches FOAK Recycling Plant in Pune

Without®, an impact-first deep-tech material science enterprise, has inaugurated its first-of-a-kind (FOAK) recycling demonstration plant in Pune. The 1,030 sq. m facility can process up to 5 tons per month of “unrecyclable” plastic waste, offering end-to-end operations from material intake and separation to chemical transformation, purification, product manufacturing, and quality testing. The demonstration plant serves as a precursor to a commercial facility planned for next year. The launch follows the successful closure of a $1.9 million (approx. Rs 16.8 crore) seed funding round led ..

Capital India Home Loans Rebrands as People Home Finance

"Capital India Home Loans, a wholly owned subsidiary of Weaver Services, has announced its rebranding to People Home Finance Limited, underscoring its vision to build an inclusive, technology-led housing finance company serving India’s vast informal and self-employed segment. The rebranding follows the company’s $170 million investment round announced on 19 August 2025, led by Lightspeed, Premji Invest, and Gaja Capital. The new identity marks the next phase of expansion across Tier 2 and Tier 3 cities, with continued investments in branch infrastructure, people, proprietary technology, a..