NHIT plans Rs 90 bn fundraising through debt and equity
ROADS & HIGHWAYS

NHIT plans Rs 90 bn fundraising through debt and equity

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.

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.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?