NHAI to monetise assets worth Rs 150 to Rs 200 billion
ROADS & HIGHWAYS

NHAI to monetise assets worth Rs 150 to Rs 200 billion

Through the National Highways Infra Trust (NHIT), an infrastructure investment trust, the National Highways Authority of India (NHAI) will generate revenue from road assets valued between Rs 150 and Rs 200 billion in the current fiscal year. In three rounds of monetisation, NHIT, which was established in October 2020 to assist the government's national monetisation pipeline, has raised a total of Rs 261 billion so far. In accordance with the NHAI statement, NHIT's non-convertible debentures are held by about 12,000 retail bond holders and 190 investors. It manages a varied network of fifteen toll roads across nine states?Assam, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, Uttar Pradesh, and West Bengal?with a combined length of over 1,525 km. In November 2021, units of NHIT were historically offered for Rs 101 each and listed on the National Stock Exchange in addition to the Bombay Stock Exchange. As of March 31, 2024, each unit in NHIT has a net asset value of Rs 124.75. In the meantime, NHAI revealed a new corporate logo for NHIT that represents advancement and nimbleness. "NHAI stated that the new corporate identity will assist NHIT in becoming a prominent player in the InvIT space and will be crucial in directing financial resources towards the continued expansion of the nation's highway network." The new logo, unveiled by NHAI chairman Santosh Kumar Yadav, intends to improve NHIT brand awareness among different stakeholders and harmonise its representation with its fundamental principles of responsibility, adaptability, ongoing education, quality, honesty, and cooperation, it continued.

Through the National Highways Infra Trust (NHIT), an infrastructure investment trust, the National Highways Authority of India (NHAI) will generate revenue from road assets valued between Rs 150 and Rs 200 billion in the current fiscal year. In three rounds of monetisation, NHIT, which was established in October 2020 to assist the government's national monetisation pipeline, has raised a total of Rs 261 billion so far. In accordance with the NHAI statement, NHIT's non-convertible debentures are held by about 12,000 retail bond holders and 190 investors. It manages a varied network of fifteen toll roads across nine states?Assam, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, Uttar Pradesh, and West Bengal?with a combined length of over 1,525 km. In November 2021, units of NHIT were historically offered for Rs 101 each and listed on the National Stock Exchange in addition to the Bombay Stock Exchange. As of March 31, 2024, each unit in NHIT has a net asset value of Rs 124.75. In the meantime, NHAI revealed a new corporate logo for NHIT that represents advancement and nimbleness. NHAI stated that the new corporate identity will assist NHIT in becoming a prominent player in the InvIT space and will be crucial in directing financial resources towards the continued expansion of the nation's highway network. The new logo, unveiled by NHAI chairman Santosh Kumar Yadav, intends to improve NHIT brand awareness among different stakeholders and harmonise its representation with its fundamental principles of responsibility, adaptability, ongoing education, quality, honesty, and cooperation, it continued.

Next Story
Infrastructure Urban

Our urban initiatives set a benchmark for projects across India

The Nagpur Smart and Sustainable City Development Corporation (NSSCDCL) has bagged an excellence award for being a leader in creating healthy streets in Indian cities. Soumya Sharma Chandak, Chief Executive Officer (CEO), tells R SRINIVASAN what led to this achievement and elaborates upon other successes and plans. Excerpts from the conversation:What key factors contributed to NSSCDCL winning the excellence award for creating healthy streets in India?We won this award for our efforts to suggest juncti..

Next Story
Infrastructure Urban

Construction Sector Results

The Indian construction sector demonstrated both growth opportunities and notable challenges in the first half of FY2024-25, driven by a mix of economic, operational and policy factors. The sector’s total consolidated operating revenue across all segments (Ultra Large, Large, Medium, and small construction companies) reached approximately Rs.70,871 crore in H1 FY25, compared to Rs.67,126 crore in H1 FY24, reflecting a year-on-year growth of about 5.6 per cent. When including Larsen & Toubro (L&T), the largest player in  the sector,..

Next Story
Infrastructure Transport

India must focus on building resilient road infrastructure

Vadodara-based firm Zydex Industries has developed a silane nanotechnology-based product for road construction that can resist cracking under heavy traffic loads and cyclic weather. The company is using nano-polymer and silane to make roads free of potholes and cracks, thanks to their anti-strip property and enhanced resistance to moisture damage. The company has also developed a technology to make aggregates waterproof, thus forming a skin-like layer that is water-resistant and prevents the formation of potholes. Himanshu Agarwal, Chief Operating Officer, Zydex Industries, speaks about g..

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