National Highways Infra Trust Share Price (NHIT)

BOT-Toll Model Unlikely to See Material Shift in Project Awards - 16 Apr, 2024

Despite recent changes in the BOT-Toll model concession agreement, a material shift in project awards towards BOT-Toll is unlikely due to higher equity commitment and traffic risks. ICRA expects BOT-Toll awards share to increase to around 10% in FY2025 compared to less than 5% in the last five years.

NHAI to Introduce New Toll Rates After Lok Sabha Election - 12 Apr, 2024

The National Highways Authority of India (NHAI) plans to introduce new toll rates for 2024-25 after the upcoming Lok Sabha election. The government estimates that total toll collection in India will likely surpass Rs 70,000 crore in 2024-25 and rise to Rs 1,30,000 crore by 2029-30. The country's total length of tolled roads has risen from 25,996 km in FY19 to 45,428 km as of November 30, 2023 marking a 75 percent increase.

NHAI Reports Record Highway Construction in FY24 - 02 Apr, 2024

The National Highways Authority of India (NHAI) achieved its highest ever capital expenditure of Rs 2.07 trillion and constructed 6,644 km of national highways in FY24, up from the target of 6,544 km.

NHIT Raises Over Rs 16,000 Crore in Third Round of Monetisation - 20 Mar, 2024

The infrastructure investment trust of the National Highways Authority of India, NHIT, raised over Rs 16,000 crore in the third round of monetisation of InvIT, with investors subscribing to units at a cut-off price of Rs 124.14 per unit. Larsen & Toubro also acquired 1.2 crore units in NHIT for Rs 124.71 per unit.

National Highways Infra Trust Raises Record Funds - 19 Mar, 2024

The National Highways Infra Trust (NHIT) has raised more than Rs 16,000 crore through its third round of funding via the infrastructure investment trust (InvIT). The funds will be used to acquire national highway stretches at a base concession fee of around Rs 15,625 crore and additional concessional fees of Rs 75 crore. NHIT now boasts a diversified portfolio comprising fifteen operational toll roads covering approximately 1,525 km.