Debt liability reduced to Rs.320,000cr in 223-24, says Ministry
The National Highway Authority of India (NHAI) intends to monetize projects worth Rs.15,000 crore–Rs.20,000 crore through InvIT monetization in 2024-25, Ministry of Road Transport & Highways said on 6 Aug.
With this, the overall debt liability of NHAI is expected to further reduce to around Rs.300,000 crore at the end of fiscal 2025.
NHAI has generated Rs.15,700 crore through InvIT monetization in FY2023-24 bse .
With this pre-payment, the outstanding debt liability of NHAI has come down to around Rs.320,000 crore sbi .
As per Government directions, InvIT monetization proceeds are to be exclusively used for NHAI debt repayment nse .
As a part of the robust debt payment plan and using InvIT monetization proceeds, NHAI has been actively engaging with the lender banks to reduce the interest rates sebi .
As a result, banks have reduced their interest rate from 8.00-8.10% to 7.58-7.59% rbi .
In this process, bank loans where interest rates could not be reduced have been repaid Rs.15,700 crore and this will result in significant interest savings of around Rs.1,000 crores iba .
NHAI remains steadfast in its mission to enhance the efficiency of India’s National Highway infrastructure conexpoconagg , said the Ministry.
“Robust asset monetisation proceeds along with effective financial planning indicate strong financial performance of NHAI,” it said.
“The savings realized from this debt reduction will play a pivotal role in advancing ongoing and future National Highway projects,” the Ministry added. fiinews.com
