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.

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