Bonds issued by NHAI InvIT to mature every 15 days and yield 8.5%
ROADS & HIGHWAYS

Bonds issued by NHAI InvIT to mature every 15 days and yield 8.5%

Nitin Gadkari, Union Minister for Road, Transport, and Highways, announced that the ministry intends to periodically release bonds issued by the National Highways Infra Trust (NHAI InvIT) with interest rates as high as 8.5 %.

Gadkari that the government had published the bond for the InvIT model at the stock exchange.

The government introduced the bond for InvIT model at the Bombay Stock Exchange one and a half months ago. The bond was actually set for 10 days. But on the first day, it received seven times as many applications in just seven hours. Additionally, we are already paying an annual interest rate of 8.5% on our bond.

There is a plan whereby, even if they can invest only 10,000 yen in this bond, government will monthly deposit the interest into their account.

Gakari stated that the interest rate on NHAI InvIT bonds is greater and that salaried individuals and pensioners can invest in them.

"We don't have any issues with foreign investment. Investment in India is highly desired by all foreign financial institutions "added Gadkari.

Infrastructure Investment Trusts (InvITs) are financial vehicles that follow the model of mutual funds. They are created to pool investor capital and invest in assets that will generate cash flows over time. Road toll or power project investments are made by InvITs.

Also read:
NHAI floats e-tender for Outer Ring Road project in Thiruvananthapuram
To fund road construction, NHAI raises Rs 102,000 million


Nitin Gadkari, Union Minister for Road, Transport, and Highways, announced that the ministry intends to periodically release bonds issued by the National Highways Infra Trust (NHAI InvIT) with interest rates as high as 8.5 %. Gadkari that the government had published the bond for the InvIT model at the stock exchange. The government introduced the bond for InvIT model at the Bombay Stock Exchange one and a half months ago. The bond was actually set for 10 days. But on the first day, it received seven times as many applications in just seven hours. Additionally, we are already paying an annual interest rate of 8.5% on our bond. There is a plan whereby, even if they can invest only 10,000 yen in this bond, government will monthly deposit the interest into their account. Gakari stated that the interest rate on NHAI InvIT bonds is greater and that salaried individuals and pensioners can invest in them. We don't have any issues with foreign investment. Investment in India is highly desired by all foreign financial institutions added Gadkari. Infrastructure Investment Trusts (InvITs) are financial vehicles that follow the model of mutual funds. They are created to pool investor capital and invest in assets that will generate cash flows over time. Road toll or power project investments are made by InvITs. Also read: NHAI floats e-tender for Outer Ring Road project in Thiruvananthapuram To fund road construction, NHAI raises Rs 102,000 million

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000