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.

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

Infrastructure Energy

09 Jan 2026

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..