NHAI sets record with Rs 156.24 bn concession value in InvIT Round-3
13 Feb 2024
1 Min Read
CW Team
NHAI has achieved a record concession value of Rs 156.24 billion through 'InvIT Round-3', marking the highest ever. This milestone was reached by monetising 10 stretches, totalling approximately 890 km. Impressively, the Letter of Acceptance (LOA) was issued within two hours of the bid opening.
NHAI employs three monetisation modes: Toll Operate Transfer (TOT), InvIT, and Securitisation. In the current financial year, NHAI has already awarded four TOT Bundles, resulting in a monetised value of Rs 159.68 billion. The success rate in the TOT mode for FY24 stands at 100%, with LOAs issued within one day of the financial bid opening.
Previously, under the TOT Mode, NHAI successfully monetised six rounds covering 1614 km, generating Rs 263.66 billion, and two rounds of InvIT (635 km), bringing in Rs 102 billion. Additionally, through Securitisation, NHAI has raised about Rs 370 billion thus far, with an anticipated Rs 50 billion by the end of FY24.
As a result, the Total Asset Monetisation Program of MoRTH and NHAI has surpassed Rs 1 trillion, comprising Rs 423.34 billion through TOT, Rs 261.25 billion through InvIT, and Rs 420 billion through Securitisation. This achievement aligns with the Government of India's vision outlined in the National Monetisation Plan and reinforces the fulfilment of budgetary announcements by the government of India.
NHAI has achieved a record concession value of Rs 156.24 billion through 'InvIT Round-3', marking the highest ever. This milestone was reached by monetising 10 stretches, totalling approximately 890 km. Impressively, the Letter of Acceptance (LOA) was issued within two hours of the bid opening.
NHAI employs three monetisation modes: Toll Operate Transfer (TOT), InvIT, and Securitisation. In the current financial year, NHAI has already awarded four TOT Bundles, resulting in a monetised value of Rs 159.68 billion. The success rate in the TOT mode for FY24 stands at 100%, with LOAs issued within one day of the financial bid opening.
Previously, under the TOT Mode, NHAI successfully monetised six rounds covering 1614 km, generating Rs 263.66 billion, and two rounds of InvIT (635 km), bringing in Rs 102 billion. Additionally, through Securitisation, NHAI has raised about Rs 370 billion thus far, with an anticipated Rs 50 billion by the end of FY24.
As a result, the Total Asset Monetisation Program of MoRTH and NHAI has surpassed Rs 1 trillion, comprising Rs 423.34 billion through TOT, Rs 261.25 billion through InvIT, and Rs 420 billion through Securitisation. This achievement aligns with the Government of India's vision outlined in the National Monetisation Plan and reinforces the fulfilment of budgetary announcements by the government of India.
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..
Next Story
INDEA Lays Foundation for India鈥檚 First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..
