NHAI may raise up to Rs 100 bn from public via InvITs

21 Sep 2022 CW Team

The National Highways Authority of India (NHAI) plans to raise close to Rs 100 billion from the capital market through infrastructure investment trusts (InvITs), according to a report citing unnamed officials.

The first of the InvITs may open around Diwali to raise Rs 30-40 billion for the operation and maintenance of completed roads and highways. An additional Rs 50-60 billion worth of highways are expected to be moved to InvITs by December, paving the way for subsequent market offers to give retail investors a chance to invest in the highway development programme. A part of the fundraising may spill over to the next year.

InvITs raise money from the public to invest in infrastructure projects such as roads and ports and, in return offer dividends to unitholders. The new initiative is expected to deepen the asset monetisation market in the roads sector. So far, all road sector InvITs are private trusts.

Only institutional investors such as insurance companies and pension funds had participated in the first InvIT round of NHAI in October last year.

The officials said NHAI had already sought approval from the Securities and Exchange Board of India (SEBI) to launch the InvIT. A senior official in the Ministry of Road Transport and Highways (MoRTH), which controls NHAI, said the plan for a market offer by National Highways Infra Trust, the first InvIT sponsored by NHAI, is at an advanced stage.

The officials said funds could also be raised by selling bonds. Another option is that highway assets worth Rs 50-60 billion will be offered by NHAI to a new InvIT, which can be a special purpose vehicle (SPV) of the existing trust.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..