MoRTH garners Rs 403.14 bn via asset monetisation in FY24
ROADS & HIGHWAYS

MoRTH garners Rs 403.14 bn via asset monetisation in FY24

A senior government official announced that in the financial year 2023-24, the Ministry of Road Transport and Highways (MoRTH) had exceeded its target by raising Rs 403.14 billion through various modes of asset monetisation, as opposed to the goal of Rs 289.68 billion. This amount comprised Rs 159.68 billion from the monetisation of 4 toll-operate-transfer (TOT) bundles, Rs 157 billion from Infrastructure Investment Trust (InvIT), and Rs 86.46 billion from securitisation.

In the previous fiscal year 2022-23, the ministry had managed to raise Rs 328.55 billion through different modes of asset monetisation.

It was explained that MoRTH currently utilises three distinct modes to monetise its assets - namely, the toll-operate-transfer (TOT) model, Infrastructure Investment Trust (InvIT), and project-based financing. This approach aims to offer investment opportunities to all types of investors interested in highway-related assets and associated infrastructure.

The official described the Infrastructure Investment Trust (InvIT) as a financial instrument resembling mutual funds, structured to pool funds from investors and allocate them to assets generating cash flows over a specified duration.

A senior government official announced that in the financial year 2023-24, the Ministry of Road Transport and Highways (MoRTH) had exceeded its target by raising Rs 403.14 billion through various modes of asset monetisation, as opposed to the goal of Rs 289.68 billion. This amount comprised Rs 159.68 billion from the monetisation of 4 toll-operate-transfer (TOT) bundles, Rs 157 billion from Infrastructure Investment Trust (InvIT), and Rs 86.46 billion from securitisation. In the previous fiscal year 2022-23, the ministry had managed to raise Rs 328.55 billion through different modes of asset monetisation. It was explained that MoRTH currently utilises three distinct modes to monetise its assets - namely, the toll-operate-transfer (TOT) model, Infrastructure Investment Trust (InvIT), and project-based financing. This approach aims to offer investment opportunities to all types of investors interested in highway-related assets and associated infrastructure. The official described the Infrastructure Investment Trust (InvIT) as a financial instrument resembling mutual funds, structured to pool funds from investors and allocate them to assets generating cash flows over a specified duration.

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