NHAI clocks ₹28,307 crore asset monetisation in FY26, moves closer to ₹30,000 crore target

The National Highways Authority of India (NHAI) has made significant progress in its asset monetisation programme during FY2025-26, realising ₹28,307 crore through multiple financing routes, including Public Infrastructure Investment Trust (InvIT), Private InvIT and Toll-Operate-Transfer (TOT) models. The latest achievement places the authority within touching distance of the Government of India’s budgeted asset monetisation target of ₹30,000 crore for the current financial year.

The strong performance reflects the growing investor confidence in India’s operational road assets and the government’s continued push to unlock capital from existing infrastructure projects. With bids already received for TOT Bundle-19 and currently under technical evaluation, NHAI is well positioned to cross the target in the coming weeks.

A key contributor to the monetisation figure has been InvIT Round-5, under which NHAI monetised more than 310 km of national highways. The project has been awarded to NHIT Western Projects Private Limited for a concession fee of ₹6,366.98 crore for a 20-year period. The package includes the 255.9 km Amravati–Chikhali–Tarsod stretch of NH-53 in Maharashtra and the 54.3 km Gundugolanu–Chinna Avutapalli section of NH-16 in Andhra Pradesh.

In addition, NHAI realised ₹3,087 crore through TOT Bundle-18, which covers the 74.5 km Chandikhole–Bhadrak stretch of NH-16 in Odisha. The concession has been awarded to IRB Chandibhadra Tollway Private Limited for 20 years.

Adding further momentum, the NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) recently made its stock market debut on the Bombay Stock Exchange. The maiden public issue was oversubscribed nearly 14 times, highlighting strong market appetite for infrastructure-backed investment instruments.

This robust monetisation drive is expected to support fresh investments in highway expansion, expressway development and logistics infrastructure across India, strengthening the country’s road network and boosting economic growth.