NHAI to raise ₹1,000 cr via green bonds
Financial Express Delhi|December 06, 2024
THE NATIONAL HIGHWAYS Authority of India (NHAI) special purpose vehicle for financing Delhi-Mumbai Expressway will raise ₹1,000 crore through its maiden green bond issue that will hit the markets in the second week of December.
FE BUREAU

"To be held under a closed bidding system, the aggregate total size of the issue will be up to ₹1,000 crore with a base issue size of ₹500 crore. There will be a green-shoe option to retain oversubscription up to ₹500 crore," a statement said.

The funds that will be raised by the Delhi Mumbai Expressway Development, will be used for building animal underpasses and overpasses in the forest areas, finance tree cover along the road stretch, street lights on solar energy, natural stormwater drainage, recycling of construction waste and flyash, rainwater harvesting and digging ponds.

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