The National Highways Authority of India (NHAI) has planned big-ticket asset monetisation offerings in order to meet its 2025-26 monetisation target of raising Rs 400 billion.
It intends to provide investors with six toll-operate-transfer (TOT) bundles, starting with the fifth round of its infrastructure investment trust (InvIT-5) next month and followed by a public InvIT.
The public InvIT might be worth Rs 100-110 billion, while InvIT-5 could help NHAI raise around Rs 80-90 billion.
The financial bids for TOT 17 were opened last week. Bids have been solicited for TOT 18, 19, 20, 21, and 22. With a bid value of Rs 92.70 billion, IRB Infrastructure Developers has emerged as the highest bidder for TOT 17.
In order to guarantee a consistent flow of funds and reduce its dependency on conventional funding sources, NHAI released its first asset monetisation plan document in June 2025. For 2025-26, it has selected 24 road assets totalling 1,472 km for monetisation. In FY 2024-25, it had raised Rs 287.24 billion through monetisation.