NHAI prepaid a Rs 15,700 crore loan, saving Rs 1,000 crore in interest and reducing outstanding debt to Rs 3,20,000 crore.

The National Highways Authority of India (NHAI) prepaid a Rs 15,700 crore loan, saving approximately Rs 1,000 crore in interest, reducing its outstanding debt liability to around Rs 3,20,000 crore. NHAI plans to monetize projects worth Rs 15,000-20,000 crore through Infrastructure Investment Trusts (InvIT) in FY24-25, further reducing debt to Rs 3,00,000 crore by FY25. Savings from debt reduction will support ongoing and future National Highway projects.

August 06, 2024
4 Articles