NHIT to raise Rs 15 bn via NCDs for 3 new road projects

10 Oct 2022 CW Team

The National Highways Infrastructure Trust (NHIT) will raise Rs 15 billion through non-convertible debentures, as it looks to add three highway stretches worth Rs 38 billion to its portfolio.

The trust will issue 15 million debentures of three separate face values, according to a filing made by the trust to the Securities and Exchange Board of India (SEBI).

NHIT is the Infrastructure Investment Trust (InvIT) of the National Highways Authority of India (NHAI). Last week, the InvIT raised external capital of Rs 12.17 billion from institutional investors.

Union Minister for Road Transport and Highways Nitin Gadkari had earlier hinted at the public listing of the currently private-listed InvIT. While this plan is being worked out with SEBI, retail investors can invest in the NCDs. Previously, NHIT's debt component comprised only bank loans.

"We are now going to the capital markets for our Build-Operate-Transfer (BOT) and Hybrid Annuity Mode (HAM) projects and we’ll assure you 8 per cent return,” the minister had said recently, adding that he wants to tap small investors.

NHIT currently owns, operates and maintains a portfolio of 5 initial toll roads spanning 389 km in Gujarat, Rajasthan, Telangana, and Karnataka, and intends to toll, operate and maintain 3 more toll roads spanning 246 km in Telangana, Maharashtra, Uttar Pradesh and Madhya Pradesh under the Toll Operate and Transfer model of NHAI.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..