NHAI in talks with LIC to raise Rs 25,000 crore

New Delhi: The national highways building authority is in talks with Life Insurance Corporation of India (LIC) to raise around Rs. 25,000 crores through sale of bonds this financial year, as part of its long-term funding arrangement with the insurer, a senior official said.

“We are in talks with LIC to raise around Rs 25,000 crores this financial year,” NHAI chairman NN Sinha told reporters on the sidelines of an event here on Friday.