NHAI raises Rs 403.14 bn through monetisation
ROADS & HIGHWAYS

NHAI raises Rs 403.14 bn through monetisation

The National Highways Authority of India (NHAI) announced that it had raised Rs 403.14 billion from the monetisation of projects in the fiscal year 2023-24, marking the highest amount ever garnered in its history. This figure exceeded the government's target by nearly 30%, as per sources familiar with the matter. It was suggested that this achievement may have been the highest among all government agencies.

NHAI has now established a record by raising approximately Rs 1.2 trillion through asset monetisation since the fiscal year 2017-18. Officials highlighted that during the fiscal year 2023-24 alone, NHAI auctioned 670 km of completed highways under the Toll Operate Transfer (TOT) model, resulting in Rs 159.68 billion in revenue. Successful bidders are tasked with maintaining, operating, and collecting tolls for a period of 20 years. An official stated, "The private highway operators made the upfront payment to NHAI. We hope to get a good response during the current financial year as well."

According to information obtained, NHAI also achieved its highest-ever concession value of Rs 157 billion through Infrastructure Investment Trusts (InvITs) last year. This was accomplished by monetising 10 stretches covering approximately 890 km of National Highways in Assam, Karnataka, Madhya Pradesh, Uttar Pradesh, and West Bengal. It was regarded as one of the largest transactions in the history of Indian roads. InvITs are trusts responsible for managing income-generating infrastructure assets, providing investors with regular yields and a liquid method of investing in them.

The highway authority raised an additional Rs 86.46 billion through the securitisation of future toll revenue from the Delhi Mumbai Expressway project. Under this model, NHAI receives an upfront payment for the asset, with the amount being reimbursed in installments from the toll revenue to the lender.

The National Highways Authority of India (NHAI) announced that it had raised Rs 403.14 billion from the monetisation of projects in the fiscal year 2023-24, marking the highest amount ever garnered in its history. This figure exceeded the government's target by nearly 30%, as per sources familiar with the matter. It was suggested that this achievement may have been the highest among all government agencies. NHAI has now established a record by raising approximately Rs 1.2 trillion through asset monetisation since the fiscal year 2017-18. Officials highlighted that during the fiscal year 2023-24 alone, NHAI auctioned 670 km of completed highways under the Toll Operate Transfer (TOT) model, resulting in Rs 159.68 billion in revenue. Successful bidders are tasked with maintaining, operating, and collecting tolls for a period of 20 years. An official stated, The private highway operators made the upfront payment to NHAI. We hope to get a good response during the current financial year as well. According to information obtained, NHAI also achieved its highest-ever concession value of Rs 157 billion through Infrastructure Investment Trusts (InvITs) last year. This was accomplished by monetising 10 stretches covering approximately 890 km of National Highways in Assam, Karnataka, Madhya Pradesh, Uttar Pradesh, and West Bengal. It was regarded as one of the largest transactions in the history of Indian roads. InvITs are trusts responsible for managing income-generating infrastructure assets, providing investors with regular yields and a liquid method of investing in them. The highway authority raised an additional Rs 86.46 billion through the securitisation of future toll revenue from the Delhi Mumbai Expressway project. Under this model, NHAI receives an upfront payment for the asset, with the amount being reimbursed in installments from the toll revenue to the lender.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement