NHAI to monetise assets between Rs 150 bn and Rs 200 bn
ROADS & HIGHWAYS

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

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code