NHAI eyes ₹20,000 cr via two InvITs this year

The National Highways Authority of India (NHAI) aims to raise ₹20,000 crore via two offerings from its own infrastructure investment trust (InvIT) this fiscal, two people aware of the plans said.

- Subhash Narayan

NEW DELHI: It also plans to offer completed highway stretches to private InvITs for the first time, as part of an effort to raise up to ₹60,000 crore during the year, they said.

NHAI bundles stretches of operational highways into InvITs and offers its units to investors, who get a regular share of road tolls. Ever since the highway InvIT programme was launched in 2020, the authority has had a single offering every year through its own InvIT-National Highways Infra Trust (NHIT). So far, it has raised ₹43,638 crore through InvITs.