NHIT to raise Rs 45 bn debt for 2 new road projects

14 Mar 2024 CW Team

The National Highways Infra Trust (NHIT) announced its intention to procure an additional debt amounting to Rs 45 billion. This funding aims to facilitate the acquisition of two additional operational road projects from its parent organisation, the National Highways Authority of India (NHAI).

It was indicated that the conclusion of the acquisition of road assets is scheduled for the fourth quarter, ending on March 31 (Q4FY24). NHIT, functioning as an infrastructure investment trust (InvIT), proposed to extend its portfolio by acquiring a total of seven operational road projects from NHAI, a step up from the initial plan of five, as part of its third round of asset acquisition.

To finance these acquisitions, NHIT proposed a long-term debt of Rs 90 billion, previously estimated at Rs 45 billion. Additionally, it planned to generate equity by issuing units of an infrastructure investment trust (InvIT).

India Ratings awarded AAA ratings for rupee term loans, citing the optimal combination of operational assets with long-term revenue visibility, minimal operational risks, and support from a robust and experienced parent organisation.

The projected enterprise value of the seven assets is anticipated to be approximately Rs 160 billion, pending the valuation report, compared to the earlier estimated Rs 90 billion for five assets.

As of now, the InvIT, operating through its wholly-owned subsidiary, National Highways Infra Projects (NHIPPL), oversees eight road assets with a combined length of 2,544 lane km.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..