NHAI targets Rs 30bn bond issuance for Delhi-Mumbai Expressway
ROADS & HIGHWAYS

NHAI targets Rs 30bn bond issuance for Delhi-Mumbai Expressway

DME Development, a division of the National Highways Authority of India (NHAI), is preparing to enter the bond market for the first time this fiscal year, with the aim of generating Rs 30 billion ($360.74 million).

Established as a special-purpose vehicle by the NHAI in August 2020, DME Development is responsible for constructing the Delhi-Mumbai expressway, which traverses the states of Delhi, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra.

In March, DME successfully secured Rs 23.55 billion through the issuance of 10-year bonds carrying a semi-annual coupon rate of 7.89%. Prior to that, in February, the company raised Rs 36.84 billion via 10-year bonds at a semi-annual coupon rate of 7.82%.

Currently, DME is in the process of planning another bond issuance, aiming to raise approximately Rs 30 billion through 10-year bonds. The company is considering inviting bids for the issuance later this month.

DME Development, a division of the National Highways Authority of India (NHAI), is preparing to enter the bond market for the first time this fiscal year, with the aim of generating Rs 30 billion ($360.74 million). Established as a special-purpose vehicle by the NHAI in August 2020, DME Development is responsible for constructing the Delhi-Mumbai expressway, which traverses the states of Delhi, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra. In March, DME successfully secured Rs 23.55 billion through the issuance of 10-year bonds carrying a semi-annual coupon rate of 7.89%. Prior to that, in February, the company raised Rs 36.84 billion via 10-year bonds at a semi-annual coupon rate of 7.82%. Currently, DME is in the process of planning another bond issuance, aiming to raise approximately Rs 30 billion through 10-year bonds. The company is considering inviting bids for the issuance later this month.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?