India’s first govt-sponsored InvIT could be operationalised by March 2021
Deal worth Rs 2,074 cr to resolve its debt of Rs 2,500 cr
Over years, the list of profit-making construction companies has been shrinking.
There is, reportedly, a recent trend following infrastructure construction firms as most of them are taking steps to monetise their road assets
Timely monetisation of mature road assets through the toll-operate-transfer (TOT) route will be a critical determining factor in plugging the shortfall in budgetary allocations and fetch requisite funding to support ambitious execution targets set for the Bharatmala programme
While the NHAI borrowing programme is on track, the budgetary allocation in the last two budgets was lower than required thereby necessitating dependence on other funding avenues, says rating agency ICRA.