NHAI's InvIT completes largest road-sector monetisation of over ₹18,000 crore
National Highways Infra Trust, the InvIT set up by NHAI, completed its fourth round of fund-raising at an enterprise value of about ₹18,380 crore, the largest monetisation in India's road sector, the Road Transport Ministry said on 26 March 2025.
Summary
National Highways Infra Trust (NHIT), the Infrastructure Investment Trust set up by NHAI in 2020, concluded its fourth round of fund-raising at an enterprise value of about ₹18,380 crore, the largest monetisation transaction in India's road sector, the ministry said on 26 March 2025. It raised about ₹8,340 crore in unit capital and ₹10,040 crore in debt, taking total realised value over four rounds above ₹46,000 crore. The money will buy highway stretches in Andhra Pradesh, Uttar Pradesh and Uttarakhand, Gujarat (Gandhidham–Mundra) and Chhattisgarh (Raipur–Bilaspur) at a concession value of ₹17,738 crore. Units were issued at ₹133.50, above the 31 December 2024 NAV of ₹131.94.
Key facts
- Announced
- 26 March 2025
- InvIT
- National Highways Infra Trust, set up by NHAI in 2020
- Round
- Fourth
- Enterprise value
- About ₹18,380 crore (largest in road sector)
- Funding
- ₹8,340 crore units + ₹10,040 crore debt
- Total over four rounds
- Over ₹46,000 crore
- Unit price
- ₹133.50 (NAV ₹131.94)
Practice MCQs 3 questions
National Highways Infra Trust (NHIT), which completed a record fund-raising round announced on 26 March 2025, is an InvIT set up by:
Show answer
Correct answer: C — NHAI
NHIT is the Infrastructure Investment Trust set up by NHAI in 2020 to support the government's monetisation programme.
What was the approximate enterprise value of NHIT's fourth fund-raising round, announced on 26 March 2025?
Show answer
Correct answer: D — ₹18,380 crore
The fourth round was at an enterprise value of about ₹18,380 crore; ₹46,000 crore is the total across four rounds.
Which of the following highway stretches is among those to be acquired with funds from NHIT's fourth round, announced on 26 March 2025?
Show answer
Correct answer: A — Gandhidham–Mundra
The stretches include Gandhidham–Mundra (Gujarat) and Raipur–Bilaspur (Chhattisgarh), along with stretches in Andhra Pradesh and UP/Uttarakhand.