+
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
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?