Nitin Gadkari Launches NHAI Backed Raajmarg Infra Investment Trust

26 Mar 2026 CW Team

Gadkari said that the next target was to monetise 1,500 kilometres of highways over the next three years through the RIIT and that the initiative enabled direct public participation in infrastructure growth. He framed the listing as contributing to the vision of Prime Minister Narendra Modi to create an Aatmanirbhar Bharat and as a mechanism to turn national highway users into stakeholders in project assets. Officials emphasised the potential for institutional and retail investors to access cash flows from toll and road assets through the InvIT structure.

Market commentary at the listing referenced early positive movement in domestic share markets as investors took a breather from recent selling pressure, although volatility remained amid uncertainty linked to developments in the Strait of Hormuz. The Nifty 50 opened at 22,878.45, gaining 365.80 points or 1.62 per cent, while the BSE Sensex opened at 74,212.47, up 1,516.08 points or 2.09 per cent. Sectoral indices showed broad based buying with autos, public sector banks and information technology among those recording gains.

Regional markets in Asia were reported to be firm, with Japan’s Nikkei 225 rising by 0.75 per cent and Hong Kong’s Hang Seng increasing by 1.75 per cent, while United States indices closed higher on Monday with the Dow Jones and the S&P 500 among those rising. Observers noted that the strong subscription to the RIIT issue reflected investor appetite for infrastructure related cash flows despite an uncertain macro environment. The listing on the BSE was presented as an opening for increased monetisation of national highways through structured investment vehicles.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Union Minister for Road Transport and Highways Nitin Gadkari launched the National Highways Authority of India (NHAI) sponsored Raajmarg Infra Investment Trust (RIIT), which listed on the Bombay Stock Exchange (BSE). The maiden public issue of the RIIT received a strong response from investors and the listing was described by officials as an important step in attracting investment into India’s highway infrastructure sector. The public offer was oversubscribed nearly 14 times and officials regarded the outcome as a significant milestone in infrastructure financing. Gadkari said that the next target was to monetise 1,500 kilometres of highways over the next three years through the RIIT and that the initiative enabled direct public participation in infrastructure growth. He framed the listing as contributing to the vision of Prime Minister Narendra Modi to create an Aatmanirbhar Bharat and as a mechanism to turn national highway users into stakeholders in project assets. Officials emphasised the potential for institutional and retail investors to access cash flows from toll and road assets through the InvIT structure. Market commentary at the listing referenced early positive movement in domestic share markets as investors took a breather from recent selling pressure, although volatility remained amid uncertainty linked to developments in the Strait of Hormuz. The Nifty 50 opened at 22,878.45, gaining 365.80 points or 1.62 per cent, while the BSE Sensex opened at 74,212.47, up 1,516.08 points or 2.09 per cent. Sectoral indices showed broad based buying with autos, public sector banks and information technology among those recording gains. Regional markets in Asia were reported to be firm, with Japan’s Nikkei 225 rising by 0.75 per cent and Hong Kong’s Hang Seng increasing by 1.75 per cent, while United States indices closed higher on Monday with the Dow Jones and the S&P 500 among those rising. Observers noted that the strong subscription to the RIIT issue reflected investor appetite for infrastructure related cash flows despite an uncertain macro environment. The listing on the BSE was presented as an opening for increased monetisation of national highways through structured investment vehicles.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..