- within Law Department Performance topic(s)
NHAI, on August 6, 2024, announced that it had successfully completed the pre-payment of bank loan amounting to INR 15,700 crore (Indian Rupees fifteen thousand seven hundred crore). The NHAI stated that by retiring this debt ahead of schedule, there will be an estimated savings of around INR 1,000 crore (Indian Rupees one thousand crore) in the form of interests which will no longer have to be paid by NHAI. NHAI estimates that its debt has been reduced to approximately INR 3,20,000 crore (Indian Rupees three lakh twenty thousand crore).
This prepayment of the loan amount was entirely made using proceeds received from asset monetisation under the InvIT route. This demonstrates the fact that the asset monetisation program is becoming increasingly successful in reducing NHAI's debt and freeing up funds for other greenfield projects.
Source: NHAI Press Release dated August 6, 2024
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