Mar 27, 2025 07:08 AM IST
With this, NHIT will hold a diversified portfolio of 26 operating toll roads (41 toll plazas) with an aggregate length of 2,345 km, spread across 12 states, and concession periods ranging from 20 to 30 years.
The National Highways Infra Trust (NHIT), the investment trust of the National Highways Authority of India on Wednesday announced the completion of India’s largest-ever monetisation bid of ₹18,380 crore in the roads sector. This is the trust’s fourth round of fund-raising after its launch in 2020.
With this, NHIT will hold a diversified portfolio of 26 operating toll roads (41 toll plazas) with an aggregate length of 2,345 km, spread across 12 states, and concession periods ranging from 20 to 30 years.
In the budget presented by finance minister Nirmala Sitharaman in February, the government set a target of raising ₹30,000 crore through monetisation of road assets. In this round, NHIT raised approximately Rs. 8,340 crore in capital from domestic and international investors, along with Rs. 10,040 crore in debt from domestic lenders. These funds will be used for the acquisition of several National Highway stretches at a concession value of Rs. 17,738 crore (including premium of Rs. 97 crore).
The issue was subscribed by public sector fund houses, including pension funds, and also private sector and foreign investors. A press release from the government said the investment by the Employees’ Provident Fund Organisation (EPFO) of Rs. 2,035 crore in NHIT was its first in an investment trust.