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

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

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.

See also:
Goa launches 'Multimodal Transport App' for last mile connectivity
Sisodia promises upgrade of five major Delhi roads


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. See also: Goa launches 'Multimodal Transport App' for last mile connectivitySisodia promises upgrade of five major Delhi roads

Next Story
Real Estate

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India’s first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel—all operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Next Story
Infrastructure Urban

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India’s most significant scientific institutions and highlights the nation’s long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..

Next Story
Infrastructure Urban

IIFT Sets Up First Overseas Campus and Expands Global Reach in Dubai

The Indian Institute of Foreign Trade (IIFT), an autonomous body under the Ministry of Commerce and Industry, Government of India, has announced the establishment of its first overseas campus in Dubai, United Arab Emirates. This marks a key step in expanding IIFT’s global presence and strengthening India’s engagement in international business education.This historic development has been made possible with the approvals from the Ministry of Education, and No Objection Certificates from the Ministry of External Affairs, Ministry of Home Affairs, and the University Grants Commission. It marks..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?