NHAI Sets Up RIIMPL to Lead Public InvIT for Highway Monetisation

24 Nov 2025 CW Team

RIIMPL has been structured as a collaborative venture, with equity participation from leading banks and financial institutions such as State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank. The platform is designed to unlock the monetisation value of completed national highway assets while offering a long-term, high-quality investment avenue for retail and domestic investors. NHAI Member (Finance) NRVVMK Rajendra Kumar has been appointed Managing Director and CEO (Additional Charge) of the company.

Highlighting NHAI’s track record, the Chairman noted that the authority has monetised assets worth Rs 489.95 billion through the Toll-Operate-Transfer model and raised around Rs 436.38 billion across four rounds of Private InvITs, drawing strong participation from domestic and global investors. He added that approximately 1,500 km of completed and operational highways will be introduced into the Public InvIT over the next three to five years, opening up new investment opportunities for the public.

RIIMPL aims to establish strong governance systems aligned with SEBI’s InvIT regulations, ensuring transparency, investor protection, and high-quality reporting and compliance. The first issuance of units for retail and public investors is expected in February 2026.

The National Highways Authority of India is advancing its Public InvIT initiative with the establishment of Raajmarg Infra Investment Trust (RIIT), aimed at boosting road asset monetisation and widening investment access in the national highway sector. As part of this plan, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the proposed InvIT. The new entity was formally launched in Mumbai by NHAI Chairman Santosh Kumar Yadav, in the presence of senior officials and institutional representatives.RIIMPL has been structured as a collaborative venture, with equity participation from leading banks and financial institutions such as State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank. The platform is designed to unlock the monetisation value of completed national highway assets while offering a long-term, high-quality investment avenue for retail and domestic investors. NHAI Member (Finance) NRVVMK Rajendra Kumar has been appointed Managing Director and CEO (Additional Charge) of the company.Highlighting NHAI’s track record, the Chairman noted that the authority has monetised assets worth Rs 489.95 billion through the Toll-Operate-Transfer model and raised around Rs 436.38 billion across four rounds of Private InvITs, drawing strong participation from domestic and global investors. He added that approximately 1,500 km of completed and operational highways will be introduced into the Public InvIT over the next three to five years, opening up new investment opportunities for the public.RIIMPL aims to establish strong governance systems aligned with SEBI’s InvIT regulations, ensuring transparency, investor protection, and high-quality reporting and compliance. The first issuance of units for retail and public investors is expected in February 2026.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Infrastructure Energy

07 Apr 2026

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Infrastructure Energy

07 Apr 2026

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..