NHAI Accepts ₹6,220 Crore NHIT Offer For 2 Highway Stretches

The National Highways Authority of India (NHAI) has accepted an offer worth ₹6,220 crore from the National Highways Infrastructure Trust (NHIT) to acquire two highway stretches. This will be NHIT’s fifth round of asset acquisition, strengthening NHAI’s ongoing highway monetisation programme.

Once the deal is completed, NHIT will receive the right to collect toll for 20 years on these assets. The transaction is expected to be finalised by March, subject to payment of ₹6,220 crore or more.

Which Highway Stretches Are Being Acquired?

The two road stretches are located in Maharashtra and Andhra Pradesh, with a combined length of 311 km.

The assets include:

• Amravati–Chikhali–Tarsod section (Maharashtra): 256.7 km
• Gundugolanu–Chinna Avutapalli–Vijayawada (Andhra Pradesh): 54.38 km

These stretches will now be part of NHIT’s toll-based portfolio.

How NHAI Plans To Raise Funds

Following the acceptance of the offer, NHAI’s board will begin raising funds through a mix of debt and equity. NHIT is expected to issue fresh units to:

• Sponsor NHAI
• Anchor investors
• Other institutional investors

Debt funding is likely to be raised from banks.

So far, NHIT has helped NHAI raise ₹43,638 crore by monetising 2,345 km of highway assets across four rounds. The latest round will add another ₹6,220 crore to this total.

Key Unitholders In NHIT

NHAI currently holds 11.07% in NHIT. The two largest unitholders remain Canadian pension funds:

• CPP Investment Board: 19.95%
• Ontario Teachers’ Pension Plan Board (via Ontario Ltd): 19.95%

Other investors include mutual funds, pension funds, and Nitro Asia Holdings, a Singapore-based SPV that acquired 12% units in December for ₹2,905 crore.

Bigger Monetisation Push Through RIIT And ToT

Along with NHIT, NHAI is also preparing the first public issue of Raajmarg Infra Investment Trust (RIIT). This InvIT is expected to raise ₹9,500 crore by monetising five highway stretches of 260 km.

Retail investors may contribute around ₹600–700 crore, accounting for 10% of total equity units. The IPO is expected later this month.

In addition, NHAI has raised ₹12,357 crore this financial year through two rounds of Toll Operate Transfer (ToT). It has also identified 24 road assets (1,472 km) for monetisation in 2025–26, targeting around ₹30,000 crore.

Read more: Bank Employees’ DA Hiked To 25% For Feb–Apr 2026: Check Details.

Conclusion

NHAI’s acceptance of NHIT’s ₹6,220 crore offer highlights its aggressive push to monetise highways and reduce debt. With NHIT’s fifth round, the upcoming RIIT IPO, and continued ToT bundles, highway monetisation is expected to remain a major funding route for India’s road development plans.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.