+
NHAI to raise Rs 20,000 cr from road assets monetisation in 2022-23
ROADS & HIGHWAYS

NHAI to raise Rs 20,000 cr from road assets monetisation in 2022-23

The National Highways Authority of India (NHAI) has decided to monetise highway stretches with a combined length of 1,750 km in 2022-23, a move which enables it to raise about Rs 20,000 crore.

It has made an indicative list of road assets to be monetised in the current fiscal year, which comprises 14 stretches with lengths between 6.49 km and 280 km in various parts of the country.

Asset monetisation is central to the plan of NHAI to mitigate its debt burden, which stood at Rs 3.5 trillion at the end of the last fiscal year. Monetisation of operational assets will be via the infrastructure investment trusts (InvIT), toll-operate-transfer (TOT), and toll securitisation modes.

The NHAI recently cancelled the bidding processes for two TOT bundles — sixth and eighth — as the highest bids did not match up to its expectations.

In 2022-23, the NHAI will not borrow from the market. The budgetary outlay for the agency this year is evaluated at Rs 1.34 trillion, much more than the level in recent years.

Crisil’s Jagannarayan Padmanabhan said the authority to sail via the revised target for the current fiscal year comfortably provided the current level of investors’ appetite.

Image Source

Also read: NHAI to award 6,500 km NH construction contracts this FY

The National Highways Authority of India (NHAI) has decided to monetise highway stretches with a combined length of 1,750 km in 2022-23, a move which enables it to raise about Rs 20,000 crore. It has made an indicative list of road assets to be monetised in the current fiscal year, which comprises 14 stretches with lengths between 6.49 km and 280 km in various parts of the country. Asset monetisation is central to the plan of NHAI to mitigate its debt burden, which stood at Rs 3.5 trillion at the end of the last fiscal year. Monetisation of operational assets will be via the infrastructure investment trusts (InvIT), toll-operate-transfer (TOT), and toll securitisation modes. The NHAI recently cancelled the bidding processes for two TOT bundles — sixth and eighth — as the highest bids did not match up to its expectations. In 2022-23, the NHAI will not borrow from the market. The budgetary outlay for the agency this year is evaluated at Rs 1.34 trillion, much more than the level in recent years. Crisil’s Jagannarayan Padmanabhan said the authority to sail via the revised target for the current fiscal year comfortably provided the current level of investors’ appetite. Image Source Also read: NHAI to award 6,500 km NH construction contracts this FY

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?