The National Highways Authority of India (NHAI) plans to mobilise around Rs 100 billion this month through two Infrastructure Investment Trusts (INVITs). This move aims to ease the NHAI’s debt burden and fund ongoing highway projects.
The first InvIT, National Highways Infra Trust 8 (NHIT 8), targets Rs 15.90 billion by monetising 614 km of operational highways across Uttar Pradesh, Himachal Pradesh, and Karnataka. It offers investors a stable 9.25 per cent yield, with ICICI Prudential and NIIF as sponsors.
The second, IRB InvIT Fund, seeks over Rs 80 billion from its third asset pool, featuring five toll roads totaling 711 km in Madhya Pradesh, Rajasthan, and Odisha. These assets generated Rs 11.80 billion in 2024-25 as revenue with an 8.45 per cent yield.