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 Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..