NHAI set to net around Rs 40,000 crore from TOTs, Invits this fiscal

MUMBAI: The National Highways Authority (NHAI) is on course to cross the monetisation targets for this by a wide margin, netting Rs 35,000-40,000 crore this fiscal, as against the budgeted Rs 30,000 crore from bidding out toll-operate-transfer (TOTs) and infrastructure investment trusts (Invits).

Icra Ratings sees the realization from road monetisation crossing the budgeted Rs 30,000 crore this fiscal and touching Rs 35,000-40,000 crore if the assets identified by the highways authority are monetised in a timely manner. This projection is based on the median valuation multiple of 0.62 times seen across the 10 awarded TOT bundles over the past three years, the agency said.