NHAI prepaid Rs 56,000 crore in loans, reducing its debt and saving on interest.

The National Highways Authority of India (NHAI) pre-paid loans worth Rs 56,000 crore during the current fiscal year, saving about Rs 1,200 crore in interest costs. NHAI’s total debt dropped from Rs 3.35 lakh crore at the start of the fiscal year to around Rs 2.76 lakh crore by the third quarter. Prepayment included Rs 15,700 crore from InvIT monetisation proceeds, Rs 30,000 crore to the National Small Savings Fund, and Rs 10,000 crore to the State Bank of India.

3 months ago
6 Articles