NHAI to monetise assets between Rs 150 bn and Rs 200 bn

13 Jun 2024 CW Team

Through the National Highways Infra Trust (NHIT), an infrastructure investment trust, the National Highways Authority of India (NHAI) will generate revenue from road assets valued between Rs 150 and Rs 200 billion in the current fiscal year. In three rounds of monetisation, NHIT, which was established in October 2020 to assist the government's national monetisation pipeline, has raised a total of Rs 261 billion so far. In accordance with the NHAI statement, NHIT's non-convertible debentures are held by about 12,000 retail bond holders and 190 investors. It manages a varied network of fifteen toll roads across nine states?Assam, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, Uttar Pradesh, and West Bengal?with a combined length of over 1,525 km. In November 2021, units of NHIT were historically offered for Rs 101 each and listed on the National Stock Exchange in addition to the Bombay Stock Exchange. As of March 31, 2024, each unit in NHIT has a net asset value of Rs 124.75. In the meantime, NHAI revealed a new corporate logo for NHIT that represents advancement and nimbleness. "NHAI stated that the new corporate identity will assist NHIT in becoming a prominent player in the InvIT space and will be crucial in directing financial resources towards the continued expansion of the nation's highway network." The new logo, unveiled by NHAI chairman Santosh Kumar Yadav, intends to improve NHIT brand awareness among different stakeholders and harmonise its representation with its fundamental principles of responsibility, adaptability, ongoing education, quality, honesty, and cooperation, it continued.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..