Gadkari Launches NHAI-Backed Raajmarg Infra Investment Trust

28 Mar 2026 CW Team

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.

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