NHAI raises record monetisation at ₹15,625 cr via InvIT
NHAI has adopted three modes for assets monetising which includes Infrastructure Investment Trust (InvITs), toll operate transfer (TOT), and project-based securitisation.
NHAI has adopted three modes for assets monetising which includes Infrastructure Investment Trust (InvITs), toll operate transfer (TOT), and project-based securitisation.
The contract elevates IRB Infra's asset base to around ₹77,000 crore, taking market share in TOT sector to 38%
The Infrastructure Investment Trust raised ₹5,225.82 crore from a slew of anchor investors including British Columbia Investment Management Corp (BCI) and Abu Dhabi's Mubadala.
The deal also envisages the setting up of an Infrastructure Investment Trust (InvIT).
The improvement in credit profile reflects the raft of policy decisions that have helped shore up the attractiveness of India's infra sector, says CRISIL.
The pandemic, ultimately, was unsuccessful in denting the country's capital raising confidence, as India Inc. raised over ₹1.88 lakh crore, beating the record of over ₹1.75 lakh crore raised in FY18.
India needs to develop professionals with advanced skills and enhance construction standards to ensure a robust real estate sector.