Section

NHAI prepays debt of Rs 15,700 crore; saves on Rs 1000 crore interest

By Economic Times - 4 months ago
The National Highways Authority of India (NHAI) has successfully prepaid a debt of Rs 15,700 crore from 2023-24 monetisation proceeds, resulting in an estimated interest savings of around Rs 1,000 crore. The NHAI plans to monetize projects worth Rs 15,000-20 crore through infrastructure investment trust (InvIT) in 2024-25, aiming to reduce its overall debt liability to around Rs 3,00,000 crore by the end of fiscal 2025.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.