NHAI to mop up Rs 15,000 cr via monetisation this fiscal

The National Highways Authority of India (NHAI) has set a target to raise around Rs 15,000 crore through monetisation of its operating assets through toll-operate-transfer (TOT) and Infrastructure Investment Trust (InvIT) routes in the current fiscal.

Sources said the authority’s maiden InvIT, through which NHAI plans to raise around Rs 5,100 crore and for which market regulator SEBI has given clearance, is expected to be launched in a month or so. The units are proposed to be listed in the NSE. Proceeds from the listing will be utilised for infusion of debt or equity into the SPV concerned —National Highways Infra Projects Pvt Ltd (NHIPPL). The SPV will collect tolls on the stretches under it for 30 years.