+
NHIT to raise Rs 45 bn debt for 2 new road projects
ROADS & HIGHWAYS

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

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.

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.

Next Story
Building Material

Viva ACP Launches Experience Centre in Nashik

Viva ACP, one of Asia’s leading manufacturers of Metal Composite Panels (MCP), has unveiled a new state-of-the-art Experience Centre in Nashik. Situated at Plot No. 10, Kathe Industrial Estate, Tigrania Road, Dwarka, the centre aims to make Viva’s premium cladding solutions more accessible to architects, developers, and design professionals in Western India. The centre was formally inaugurated by Prakash Jain, Chairman and Managing Director, Viva Composite Panel, along with Nitin Jain and Mayank Jain, Directors at the company. Conceptualised as an interactive and immersive space,..

Next Story
Technology

Hikrobot Launches HDMI Video Micro System in India

India, July 2025: Hikrobot has introduced its HDMI Video Micro System in the Indian market, offering a plug-and-play imaging solution that combines 2K high-definition clarity, real-time streaming, and portability. The system is designed for professionals in sectors such as industrial inspection, medical research, forensic science, education, and precision manufacturing. Unlike traditional imaging setups that require external PCs and complex software, the Hikrobot HDMI Video Micro System provides direct output to an HDMI display, eliminating setup complications and improving usability.&nbs..

Next Story
Real Estate

Stone Wood Hotels Appoints Shishir Kumar Jena as CFO

Stone Wood Hotels & Resorts has announced the appointment of Shishir Kumar Jena as Chief Financial Officer. This key leadership move aligns with the boutique hospitality group’s ongoing national expansion. Shishir Kumar Jena brings over 32 years of experience in hospitality finance, having held senior positions with renowned brands such as Acron, Radisson, and Fortune Inn Exotica. His expertise spans financial strategy, operational efficiency, revenue optimisation, and aligning financial performance with guest satisfaction. Throughout his career, Jena has maintained a consisten..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?