NHAI Breaks Records with Rs. 18,380 Crore Infrastructure Investment Trust Monetization

NHAI Achieves Landmark Infrastructure Monetization of Rs. 18,380 Crore

The National Highways Infra Trust (NHIT) has successfully completed its most significant monetization round to date, raising Rs. 18,380 crore in a groundbreaking infrastructure investment transaction. This milestone represents the largest monetization in the Indian roads sector's history.

Funding Breakdown

The fourth round of fundraising comprised:

• Unit Capital Raised: Rs. 8,340 crore
• Debt from Domestic Lenders: Rs. 10,040 crore
• Total Realized Value Across Four Rounds: Over Rs. 46,000 crore

Investor Participation

The issue attracted a diverse range of prestigious investors, including:

• Pension and Provident Funds:
  • EPFO (First-ever InvIT investment)
  • L&T PF
  • Rajasthan Rajya Vidyut Karamchari PF
  • Indian Oil Corporation PF
• Insurance Companies: Axis Max Life Insurance
• Banks and Financial Institutions:
  • NaBFID
  • Axis Bank
  • IndusInd Bank
• Mutual and Investment Funds:
  • Nippon India
  • Baroda BNP Paribas
  • Nuvama
  • White Oak Capital

Investment Details

Key investment specifics include:

• Unit Price: Rs. 133.50 per unit (Premium over Dec 31, 2024 NAV)
• EPFO Investment: Rs. 2,035 crore
• NHAI Subscription: Approximately 15% of units

Highway Portfolio Expansion

The funds will be used to acquire national highway stretches across multiple states, including:

• Andhra Pradesh
• Uttar Pradesh
• Uttarakhand
• Gujarat
• Chhattisgarh

Cumulative Portfolio

After this round, NHIT now manages:

• 26 Operating Toll Roads
• 41 Toll Plazas
• Aggregate Length: 2,345 km
• Concession Periods: 20-30 years

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Categories: highway investment, infrastructure monetization, NHAI InvIT