Gadkari Launches NHAI-Backed Raajmarg Infra Investment Trust
ROADS & HIGHWAYS

Gadkari Launches NHAI-Backed Raajmarg Infra Investment Trust

Union Minister for Road Transport and Highways Nitin Gadkari launched the National Highways Authority of India (NHAI)-sponsored Raajmarg Infra Investment Trust (Raajmarg InvIT), which listed on the Bombay Stock Exchange (BSE). The maiden public issue attracted strong investor interest and officials described the listing as an important step to attract private capital into India's highway infrastructure sector. The listing ceremony was presented as a move to broaden the investor base for long-term road assets and to create investment vehicles that offer predictable cash flows.

Gadkari set a target to monetise 1,500 kilometres of highways over the next three years through Raajmarg InvIT and framed the initiative as a means to enable direct public participation in infrastructure growth. He linked the programme to the government objective of achieving a self-reliant India and presented the InvIT as a tool to convert users of national highways into stakeholders in project returns. Officials highlighted that the public issue was oversubscribed nearly 14 times, which was cited as evidence of strong market appetite for infrastructure securities.

Domestic equity markets opened on a positive note on the day of the listing, with benchmark indices registering strong early gains even as volatility remained elevated amid uncertainty related to the Strait of Hormuz. The Nifty 50 opened at 22,878.45 and the BSE Sensex opened at 74,212.47, while sectoral indices displayed broad-based buying interest. Market participants observed strength in autos, public sector banks and private bank stocks as part of the opening rally.

International markets also showed supportive trends, with several Asian bourses advancing and major United States indices closing higher, a backdrop that was used to underscore favourable capital market conditions for infrastructure offerings. Officials said the successful listing of Raajmarg InvIT illustrated the potential for listed infrastructure vehicles to mobilise retail and institutional savings for long-duration projects. The transaction was presented as a milestone in efforts to deepen domestic capital markets and broaden participation in national infrastructure.

Union Minister for Road Transport and Highways Nitin Gadkari launched the National Highways Authority of India (NHAI)-sponsored Raajmarg Infra Investment Trust (Raajmarg InvIT), which listed on the Bombay Stock Exchange (BSE). The maiden public issue attracted strong investor interest and officials described the listing as an important step to attract private capital into India's highway infrastructure sector. The listing ceremony was presented as a move to broaden the investor base for long-term road assets and to create investment vehicles that offer predictable cash flows. Gadkari set a target to monetise 1,500 kilometres of highways over the next three years through Raajmarg InvIT and framed the initiative as a means to enable direct public participation in infrastructure growth. He linked the programme to the government objective of achieving a self-reliant India and presented the InvIT as a tool to convert users of national highways into stakeholders in project returns. Officials highlighted that the public issue was oversubscribed nearly 14 times, which was cited as evidence of strong market appetite for infrastructure securities. Domestic equity markets opened on a positive note on the day of the listing, with benchmark indices registering strong early gains even as volatility remained elevated amid uncertainty related to the Strait of Hormuz. The Nifty 50 opened at 22,878.45 and the BSE Sensex opened at 74,212.47, while sectoral indices displayed broad-based buying interest. Market participants observed strength in autos, public sector banks and private bank stocks as part of the opening rally. International markets also showed supportive trends, with several Asian bourses advancing and major United States indices closing higher, a backdrop that was used to underscore favourable capital market conditions for infrastructure offerings. Officials said the successful listing of Raajmarg InvIT illustrated the potential for listed infrastructure vehicles to mobilise retail and institutional savings for long-duration projects. The transaction was presented as a milestone in efforts to deepen domestic capital markets and broaden participation in national infrastructure.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code