NHAI’s SPV for Delhi-Mumbai Expressway raises about Rs 10,000 crore in FY21
The National Highways Authority of India’s special purpose vehicle formed to finance the Delhi-Mumbai Expressway has raised almost Rs 10,000 crore in FY21, its first financial year of operations.
DME Developers Ltd, the fully owned SPV formed in August 2020, raised Rs 9,731 crore in debt funding this year, a government official told ET. An amount of Rs 5,000 crore came from the State Bank of India and the remainder from Punjab National Bank NSE 0.97 %, Bank of Maharashtra NSE 0.48 % and Axis Bank.
