NHIT plans Rs 90 bn fundraising through debt and equity

31 Oct 2023 CW Team

The National Highways Infra Trust (NHIT), sponsored by the National Highways Authority of India, plans to raise up to Rs 90 billion post-Diwali through a mix of debt and equity in its third round of fundraising. The funds will be generated by monetising six 250 km highway stretches in phases, targeting both domestic and global investors. A proposed non-convertible debentures (NCD) issue, similar to last year's Rs 15 billion, will be offered to retail investors with assured returns of around 8%. NHIT also plans another fundraising round in March, aiming to raise Rs 50-60 billion in the fourth phase of asset monetisation for six highway stretches spanning 635km.

The InvIT will not include retail investors in the equity issue during the third round but might consider it later when road projects mature, providing steady revenue streams. NHIT aims to maintain a low debt component, possibly through bank loans and NCD sales. NHAI launched its InvIT in 2021, acquiring toll road assets and raising significant funds. NHAI plans to monetise a list of 46 projects span over 2,612km in the fiscal year 2024, aiming to generate up to Rs 450 billion through various funding models, including InvITs and toll-operate-transfer mechanisms. Roads are a vital component of the national monetisation pipeline, contributing significantly to the government's overall target of Rs 6 trillion in asset monetisation by 2024-25.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..