NHAI to Monetise 550 km Highways via InvIT This Year
ROADS & HIGHWAYS

NHAI to Monetise 550 km Highways via InvIT This Year

The National Highways Authority of India (NHAI) has shortlisted nine highway stretches totalling over 550 km across Maharashtra, Odisha, Andhra Pradesh and West Bengal for monetisation via the Infrastructure Investment Trust (InvIT) route in the current financial year, according to a Financial Express report.

These stretches will be monetised through the National Highways Infrastructure Trust (NHIT), marking the fifth round of InvIT transactions since the mechanism was launched in 2021–22.

While previous years have seen a single InvIT issuance annually, officials suggest that two rounds could take place in 2024–25. The government’s Asset Monetisation Strategy supports conducting multiple InvIT rounds per year.

Union Minister for Road Transport and Highways Nitin Gadkari had earlier stated that InvIT would increasingly replace the Toll Operate Transfer (ToT) model. The NHAI has yet to finalise concessionaires for two ToT highway bundles bid out in the previous fiscal, while bids remain open for two more bundles under this model.

This year’s InvIT round is expected to be smaller in scale compared to FY24, when NHIT acquired 821 km of highways from NHAI with an upfront payment of Rs 177.38 billion. The upcoming round is estimated to raise around Rs 125 billion.

Since its inception, the NHAI has monetised 2,345 km of national highways through InvITs, raising Rs 436.38 billion.

A public InvIT option is also under discussion, which would allow retail investors to invest via equity units.

Should the ToT model be fully phased out, InvITs would become the primary vehicle to meet the government's monetisation goals under the second National Monetisation Pipeline. The plan aims to mobilise Rs 10 trillion over five years from 2025, with the highways sector expected to contribute Rs 3.5 trillion, requiring annual monetisation of over Rs 500 billion. 

The National Highways Authority of India (NHAI) has shortlisted nine highway stretches totalling over 550 km across Maharashtra, Odisha, Andhra Pradesh and West Bengal for monetisation via the Infrastructure Investment Trust (InvIT) route in the current financial year, according to a Financial Express report.These stretches will be monetised through the National Highways Infrastructure Trust (NHIT), marking the fifth round of InvIT transactions since the mechanism was launched in 2021–22.While previous years have seen a single InvIT issuance annually, officials suggest that two rounds could take place in 2024–25. The government’s Asset Monetisation Strategy supports conducting multiple InvIT rounds per year.Union Minister for Road Transport and Highways Nitin Gadkari had earlier stated that InvIT would increasingly replace the Toll Operate Transfer (ToT) model. The NHAI has yet to finalise concessionaires for two ToT highway bundles bid out in the previous fiscal, while bids remain open for two more bundles under this model.This year’s InvIT round is expected to be smaller in scale compared to FY24, when NHIT acquired 821 km of highways from NHAI with an upfront payment of Rs 177.38 billion. The upcoming round is estimated to raise around Rs 125 billion.Since its inception, the NHAI has monetised 2,345 km of national highways through InvITs, raising Rs 436.38 billion.A public InvIT option is also under discussion, which would allow retail investors to invest via equity units.Should the ToT model be fully phased out, InvITs would become the primary vehicle to meet the government's monetisation goals under the second National Monetisation Pipeline. The plan aims to mobilise Rs 10 trillion over five years from 2025, with the highways sector expected to contribute Rs 3.5 trillion, requiring annual monetisation of over Rs 500 billion. 

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement