To fund road construction, NHAI raises Rs 102,000 million

02 Feb 2023 CW Team

The government's funding for the construction of national highways has seen a significant decadal CAGR of 26 per cent from180,000 million in FY13 to 190,000 million anticipated for FY23BE. The NHAI has met approximately 90 per cent of its annual capex goal of 134,0000 million by December 2022 according to ICICI Securities.

The road ministry has constructed 5,337 kilometers of national highways (NHs) as of December 29, 2022, compared to the target of 12,200 kilometers for FY23. This results in a construction rate of approximately 34 kilometers per day for FY23. In FY15, the rate of highway construction was 12 km per day, whereas in FY22, it was 29 km per day with 10,457 km built annually. It's possible that raising money came about as a result of the government's plan to make assets in the public sector marketable. According to the statement, the National Highways Authority of India (NHAI) launched "InvIT" in the fiscal year 2022 to not only facilitate the monetisation of roads but also to attract institutional investors from both India and abroad to invest in the roads sector.

According to the survey, structural and financial reforms like the creation of Dedicated Financing Institutions (NaBFID), recapitalisation of other sectoral DFIs, the push to the PPP ecosystem through Model Concession Agreements by line ministries, and enabling social infrastructure development through the revamped Viability Gap Funding scheme complement the programmatic approach to infrastructure.

The Indian National Highway Authority (NHAI) raised more than 102,000 million according to the Economic Survey 2022-23. Indian and foreign institutional investors will play an important part in order to meet the ever-increasing budgetary support for constructing a nationwide road network. According to the Survey, the industry has seen an increase in the construction of national highways (NHs) and roads over time. In FY22, 10,457 km of roads were built, compared to 6,061 km in FY16. 4,060 kilometers of NHs and roads were constructed in FY23 (through October 2022), which represented approximately 91% of the achievement during the comparable period of the previous fiscal year. In the last four years, total budgetary support for sector investment has increased rapidly to approximately 1400 billion by the end of FY23 (on October 31, 2022), the survey stated. The government's funding for the construction of national highways has seen a significant decadal CAGR of 26 per cent from180,000 million in FY13 to 190,000 million anticipated for FY23BE. The NHAI has met approximately 90 per cent of its annual capex goal of 134,0000 million by December 2022 according to ICICI Securities. The road ministry has constructed 5,337 kilometers of national highways (NHs) as of December 29, 2022, compared to the target of 12,200 kilometers for FY23. This results in a construction rate of approximately 34 kilometers per day for FY23. In FY15, the rate of highway construction was 12 km per day, whereas in FY22, it was 29 km per day with 10,457 km built annually. It's possible that raising money came about as a result of the government's plan to make assets in the public sector marketable. According to the statement, the National Highways Authority of India (NHAI) launched InvIT in the fiscal year 2022 to not only facilitate the monetisation of roads but also to attract institutional investors from both India and abroad to invest in the roads sector. According to the survey, structural and financial reforms like the creation of Dedicated Financing Institutions (NaBFID), recapitalisation of other sectoral DFIs, the push to the PPP ecosystem through Model Concession Agreements by line ministries, and enabling social infrastructure development through the revamped Viability Gap Funding scheme complement the programmatic approach to infrastructure.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..