NHIT to raise Rs 2,350 cr via bank loans, bonds

29 Aug 2022 CW Team

National Highways Infra Trust (NHIT) is planning to raise up to Rs 2,350 crore through bank loans and bonds to acquire three road assets from state-owned National Highway Authority of India.

NHIT, a BSE-listed infrastructure investment trust (InvIT), already has five operational assets under its wings and now proposes to acquire Agra Bypass, the Borkhedi-Wadner-Kelapur section and the Shivpuri-Jhansi section. It will sign a concession agreement with NHAI for 20 years for them.

Of the Rs 2,350 crore funds planned to be raised, Rs 850 crore will come from long-term bank loans and Rs 1,500 crore from non-convertible debentures. CARE Ratings has assigned Provisional “AAA” with stable outlook to both facilities. NHIT has a sanctioned debt of Rs 2,000 crore for a period of 20 years, of which it has raised Rs 1,480 crore till March 2022. Besides, the InvIT has raised capital of Rs 6,011 crore.

Infrastructure Transport

17 Sep 2025

UP Plans Rs 900 Million Extensions to Hindon Elevated Road

The Uttar Pradesh state bridge corporation has prepared the detailed project report and cost estimates for two proposed extensions of the 10.3-km Hindon elevated road, officials said on Thursday. The road connects Raj Nagar Extension to UP-Gate near the east Delhi border, and the project is expected to cost around Rs 900 million.The two extensions, each 400 metres long, will be added to the existing elevated road to ensure smoother traffic flow. “One of the extensions will be from near the Kanawani culvert (near Indirapuram) to the elevated road for commuters heading towards Delhi. The other..

Goa Likely to Miss October Deadline for Maritime Master Plan

Goa is expected to miss the October 31 deadline for submitting its maritime and waterways master plan, which covers the state’s 105 km coastline and river network. The delay is due to the project management consultant not yet being appointed. The plan is now anticipated to be completed by December, Captain of Ports Octavio Rodrigues stated at the India Maritime Week 2025 roadshow.“We have already selected the consultant and will bring them on board within a week. Only then can we begin drafting the master plan, which is essential to secure central government funding,” Rodrigues added.A c..

Alstom Secures Rs 4.22 Billion Delhi Metro Maintenance Contract

Alstom, a global leader in smart and sustainable mobility, has signed a 10-year maintenance agreement with Delhi Metro Rail Corporation (DMRC) for the Delhi Metro Rail Project.Contract value: €42.09 million (Rs 422 million)Contract duration: 3,650 days (10 years)The contract covers the comprehensive annual maintenance of Bombardier-made metro trains, associated machines and plants, and housekeeping services for both the trains and the Badli Depot of Delhi Metro.Scope of work:The agreement includes the annual maintenance of Bombardier metro trains, related machines and plants, as well as hous..