NHAI Realises ₹28,300 Crore, On Track to Meet FY26 Monetisation Target

National Highways Authority of India (NHAI) has realised over ₹28,300 crore through asset monetisation initiatives in FY 2025–26, putting it on track to achieve the government’s ₹30,000 crore target for the current financial year.

The funds have been mobilised through a mix of Infrastructure Investment Trusts (InvITs) and the Toll-Operate-Transfer (TOT) model, including Bundles 17 and 18. With bids for TOT Bundle-19 currently under technical evaluation, the authority is well positioned to meet its annual goal.

A key contributor to this progress is InvIT Round-5 , under which NHAI monetised over 310 km of National Highways . The bundle was awarded to NHIT Western Projects Pvt Ltd for a concession fee of ₹6,366.98 crore for a period of 20 years. It includes major stretches such as the Amravati–Chikhali–Tarsod section of NH-53 in Maharashtra and the Gundugolanu–Chinna Avutapalli section of NH-16 in Andhra Pradesh , along with multiple toll plazas.

In addition, NHAI awarded TOT Bundle-18 for ₹3,087 crore , covering a 74.5 km stretch of NH-16 in Odisha . The project has been granted to IRB Chandibhadra Tollway Pvt Ltd for a 20-year concession period, during which the concessionaire will handle operation, maintenance, and toll collection as per prescribed rules.

Earlier this month, the NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) was listed on the Bombay Stock Exchange (BSE) , marking a significant milestone. The public issue was oversubscribed nearly 14 times , reflecting robust investor confidence. RIIT secured rights to five operational highway assets across multiple states, with a total concession value of around ₹9,500 crore .

These developments highlight NHAI’s continued emphasis on structured asset monetisation frameworks to unlock value from operational highways. The approach not only attracts private investment but also enables the government to reinvest capital into expanding and upgrading national highway infrastructure across the country.

The strong response from investors and steady pipeline of projects underline the growing confidence in India’s infrastructure sector and the long-term potential of highway assets.