The Ministry of Road Transport and Highways is preparing to open the National Highways Infra Trust NHAI InvIT every 15 days with interests of up to 8.50 per cent, said Nitin Gadkari, Union Minister for Road Transport and Highways, at the BT Budget Roundtable 2023 in a conversation with Business Today TV Managing Editor Siddharth Zarabi.
The bond for the InvIT model was launched at the stock exchange, according to the minister.
He said one and a half months ago, we launched the bond for InvIT model on the Mumbai Stock Exchange. The bond was prescribed for 10 days. It was seven times oversubscribed on the first day. We are giving 8.50 per cent interest per year on our bond. The union minister stated that salaried-class individuals, middle-class persons, and pensioners can invest in NHAI InvIT because it offers much higher interest rates compared to fixed deposits. He added that global financial forms are keen to invest in India's highways sector.
He stated, My request to all of you, particularly salaried people, is that they can get good returns. They can get a maximum of 5 per cent to 5.50 per cent on their deposits. NHAI is rated as a AAA rating and you can get a return of 8.50 per cent. The NHAI InvIT is an infrastructure investment trust sponsored by the National Highway Authority of India NHAI to support the Centre's National Monetisation Pipeline NMP When asked about the NHAI s financial standing, the minister said that the highways authority's debt is reducing with time and its foundation is very strong. He said the government expects the NHAI toll collection to cross Rs 1.40 lakh crore.