NHAI completes largest monetisation of over Rs16,000 cr through InvIT
The Business Guardian|March 21, 2024
National Highways Infra Trust (NHIT) has successfully concluded fundraising for national highway stretches of aggregate length of 889 kilometers.
NIVEDITA MUKHERJEE
NHAI completes largest monetisation of over Rs16,000 cr through InvIT

The NHIT is the infrastructure investment trust (InvIT) by the National Highways Authority of India (NHAI) and serves like a mutual fund, which enables direct investment of money from individual and institutional investors in infrastructure projects to earn a portion of the income as return. The largest ever by NHAI monetisation of over Rs 16,000 crore has been caried out through Round 3 ’InvIT and is one of the largest transactions in the history of Indian road sector.

The Letter of Acceptance (LOA) to raise the highest ever concession value through 'InvIT Round-3' was issued last month in February 2024. Since November 2021, NHIT has cumulatively raised around Rs.12,000 crore through first two rounds of monetisation for acquisition of eight operating road assets with an aggregate length of 636 km from NHAI.

هذه القصة مأخوذة من طبعة March 21, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 21, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE BUSINESS GUARDIAN مشاهدة الكل
BJP's Purvanchali leader Anil Jha joins AAP
The Business Guardian

BJP's Purvanchali leader Anil Jha joins AAP

The BJP's Purvanchali leader and two-time former MLA from Kirari, Anil Jha, joined the Aam Aadmi Party (AAP) in the presence of party supremo Arvind Kejriwal on Sunday.

time-read
1 min  |
November 18, 2024
The Business Guardian

Two men arrested for cheating in fake currency exchange scheme

According to the officer, the duo would use genuine dollars initially to gain the victims' trust before handing over bundles of paper disguised as cash in exchange for money.

time-read
1 min  |
November 18, 2024
KAILASH GAHLOT RESIGNS AS DELHI TRANSPORT MINISTER, QUITS AAP
The Business Guardian

KAILASH GAHLOT RESIGNS AS DELHI TRANSPORT MINISTER, QUITS AAP

AAP leaders said Gahlot was facing ED probe and had no option but to join the BJP

time-read
2 mins  |
November 18, 2024
BJP forms 12-member committee for assembly polls manifesto
The Business Guardian

BJP forms 12-member committee for assembly polls manifesto

BJP has announced the formation of the election manifesto committee to prepare a vision document and list promises for the upcoming assembly elections in Delhi.

time-read
1 min  |
November 18, 2024
The Business Guardian

Pressure from ED, CBI forced Gahlot to quit: AAP

AAP's national chief spokesperson Priyanka Kakkar alleged that the ongoing investigations against Gahlot and his family had left him with no choice but to join the BJP

time-read
1 min  |
November 18, 2024
The Business Guardian

Crime Branch arrests sharpshooter of Neeraj Bawania gang

An alleged sharpshooter of the Neeraj Bawania gang who was involved in a double murder in Delhi's Subhash Place area in 2014, was arrested from Sonepat in Haryana, police said on Sunday.

time-read
2 mins  |
November 18, 2024
Delhi Assembly elections a ‘dharamyudh’ like Mahabharata, says Kejriwal
The Business Guardian

Delhi Assembly elections a ‘dharamyudh’ like Mahabharata, says Kejriwal

AAP national convener Arvind Kejriwal compared the upcoming Delhi Assembly elections to a 'dharamyudh'--a righteous battle akin to the one in the Mahabharata.

time-read
1 min  |
November 18, 2024
The Business Guardian

Kerala High Court: Assessing Authority Cannot Reassess Prior Years Without Inquiry While Determining Relevant Year's Assessment [Income Tax]

The Kerala High Court in the case Kings Infra Ventures Ltd. v. The Assistant Commissioner of Income Tax observed and has stated that while determining the assessment of relevant years assessing authority cannot determine the assessment for earlier years without enquiry.

time-read
1 min  |
November 18, 2024
The Business Guardian

Himachal Pradesh High Court Upholds Levy Of GST On Mining Royalty Payable Under Mining Concession Granted By State

The Himachal Pradesh High Court in the case M/s Lakhwinder Singh Stone Crusher v. Union of India & ors. observed and has dismissed a writ petition challenging notifications issued by the Central government for levy of GST on Royalty paid by a Mineral Concession Holder for mining concession granted by the State.

time-read
1 min  |
November 18, 2024
The Business Guardian

SC Issued Notice To Delhi Tree Authority And Officers: 'What Procedure Followed In Tree Felling?'

The Supreme Court in the case MC Mehta versus The Union Of India And Ors observed and has issued notice to the Tree Authority and the Tree Officers who are being appointed under the Delhi Preservation of Trees Act, 1994, in a petition filed seeking to prevent the Delhi government in order to permit tree felling under the Act without prior permission from the court.

time-read
2 mins  |
November 18, 2024