+
NHAI aims for Rs 30-bn infrastructure financing via bond market
ROADS & HIGHWAYS

NHAI aims for Rs 30-bn infrastructure financing via bond market

DME Development, a division of the National Highways Authority of India (NHAI), has announced its plans to generate Rs 30 billion by entering the bond market for the first time in this fiscal year. It was stated that DME, a special-purpose vehicle established by the NHAI in August 2020 for constructing the Delhi-Mumbai expressway, which spans across Delhi, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra, is considering this financial move. In March, it was reported that DME had successfully garnered Rs 23.55 billion through 10-year bonds at a semi-annual coupon rate of 7.89%. Additionally, in February, it had managed to secure Rs 36.84 billion through 10-year bonds at a semi-annual coupon rate of 7.82%. The company is presently exploring the possibility of raising approximately Rs 30 billion through the issuance of 10-year bonds. It is contemplating the option of inviting bids for the issuance later this month.

DME Development, a division of the National Highways Authority of India (NHAI), has announced its plans to generate Rs 30 billion by entering the bond market for the first time in this fiscal year. It was stated that DME, a special-purpose vehicle established by the NHAI in August 2020 for constructing the Delhi-Mumbai expressway, which spans across Delhi, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra, is considering this financial move. In March, it was reported that DME had successfully garnered Rs 23.55 billion through 10-year bonds at a semi-annual coupon rate of 7.89%. Additionally, in February, it had managed to secure Rs 36.84 billion through 10-year bonds at a semi-annual coupon rate of 7.82%. The company is presently exploring the possibility of raising approximately Rs 30 billion through the issuance of 10-year bonds. It is contemplating the option of inviting bids for the issuance later this month.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code