Funds are raised by NHAI InvIT through subsequent issuance

17 Oct 2022 CW Team

National Highways Infra Trust (NHAI InvIT), the infrastructure investment trust sponsored by National Highway Authority of India (NHAI) to support the Government of India's National Monetization Pipeline, has raised a total of Rs 14.3 billion through the placement of its units with domestic and foreign investors in order to partially finance the purchase of three additional road projects from NHAI.

Strong demand for the units was seen when they were placed with institutional investors. Both new and current investors participated in the process, showing their commitment to the deal. Several institutional investors have purchased the units, including the Ontario Teachers' Pension Plan Board, the Canada Pension Plan Investment Board, the State Bank of India, the SBI Pension Fund, the SBI Mutual Fund, the IOCL Employee Provident Fund, the L&T Staff Provident Fund, Rajasthan, and the SBI Pension Fund.

Along with the aforementioned, NHAI InvIT also submitted a prospectus to SEBI for the issuing of Non-Convertible Debentures (NCDs) in order to raise Rs 15 billion. The NCDs would have a 7.90% coupon that was payable twice a year and could be purchased by both retail and institutional investors.

Also read:
NHAI road awards at three-year low in first half of fiscal
NHAI invites DPR bids for Vizag flyovers

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..