NHAI to raise Rs55,000 crore via bonds in FY17

NHAI plans to raise Rs5,000 crore through capital gains bonds and Rs50,000 crore through taxable bonds or other similar instruments

PTI
Published2 May 2016, 04:30 PM IST
The government has permitted borrowing of `59,279 crore by NHAI during 2016-17. <br />Photo: Pradeep Gaur/Mint<br />
The government has permitted borrowing of `59,279 crore by NHAI during 2016-17. Photo: Pradeep Gaur/Mint

New Delhi: To finance its various projects, the National Highways Authority of India (NHAI) plans to raise 55,000 crore through bonds this fiscal.

“NHAI plans to raise 5,000 crore through capital gains bonds and 50,000 crore through taxable bonds or other similar instruments,” minister of state for road transport and highways Pon Radhakrishnan told Rajya Sabha in a written reply on Monday.

The government has permitted borrowing of 59,279 crore by NHAI during 2016-17.

“Ministry and the NHAI propose to construct maximum possible number of kilometers of National Highways in the year 2016-17,” Radhakrishnan said in a separate reply. He said borrowed funds would be utilised towards part financing of various projects being implemented by NHAI under the National Highways Development Project (NHDP) and other national highways projects. “Emphasis will be on the ongoing projects and also various special projects,” he said.

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News in Numbers

Numbers that help you understand news better
₹68,885 Cr

3.15L

48%

₹6.7 T

$240.5 M

$459 M

$3 B

₹588.25 Cr

₹20,000 Cr

7.93 Cr

₹8,943 Cr

10%

20 Yrs

First Published:2 May 2016, 04:30 PM IST
HomeMarketStock-market-newsNHAI to raise Rs55,000 crore via bonds in FY17

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