NHAI offers three additional roads to its InvIT totalling 247 km
News: NHAI has said that as part of the government's monetisation strategy, it has offered additional three roads aggregating 247 km to its InvIT. Initially, the InvIT had a portfolio of five operating toll roads with an aggregate length of 390 km. These roads are located across Gujarat, Karnataka, Rajasthan and Telangana. Additionally, NHAI said its InvIT has announced a distribution of Rs 0.79 paisa /unit to its unit holders for FY22.
Views: NHAI is aiming to monetize Rs 20,000 crore of assets during FY23 amid ongoing economic uncertainties and geo-political instability. Thus, it is offering additional road assets to InvIT and payouts to unitholders are likely to reinforce confidence on the product and likely to aid its overall monetisation plan.
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