New Delhi: NHAI monetisation drive has crossed ₹28,300 crore in FY 2025–26, bringing it close to the government’s ₹30,000 crore target.
The National Highways Authority of India achieved this through a mix of InvIT and Toll-Operate-Transfer (TOT) models.
NHAI monetisation gains momentum through InvIT and TOT
A major contribution came from InvIT Round-5. It covered over 310 km of national highways in Maharashtra and Andhra Pradesh.
NHIT Western Projects Private Limited secured the project for ₹6,366.98 crore. The concession period is 20 years.
The package includes key stretches such as the Amravati–Chikhali–Tarsod section of NH-53 and the Gundugolanu–Chinna Avutapalli section of NH-16.
NHAI also awarded TOT Bundle-18 for ₹3,087 crore. This project covers the Chandikhole–Bhadrak section of NH-16 in Odisha.
IRB Chandibhadra Tollway Private Limited will operate and maintain the stretch for 20 years and collect tolls under the agreement.
Strong investor response to highway assets
The NHAI-sponsored Raajmarg Infra Investment Trust was recently listed on the Bombay Stock Exchange.
The public issue was oversubscribed nearly 14 times, reflecting strong investor confidence.
The trust holds five highway assets across states such as Jharkhand, Tamil Nadu, Andhra Pradesh and Karnataka. These assets have a concession value of about ₹9,500 crore.
Target within reach
With bids for TOT Bundle-19 under evaluation, officials expect to meet the FY26 monetisation target.
The NHAI monetisation programme continues to unlock value from operational highway assets. It also helps fund new infrastructure development across India.
