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NHAI plans to pare debt to below Rs 2 lakh crore by March 2026

State-owned NHAI plans to reduce its debt to below Rs 2 lakh crore in the current financial year ending in March, a senior government official said on Sunday.

NHAI’s debt liability peaked at Rs 3.5 lakh crore in 2021-22. As of December 31, 2025, the debt stands at 2,35,947 billion rupees.

“As per government policy, NHAI has not borrowed since 2023 and its debt liability has reduced by around 32 per cent since then,” the official said on condition of anonymity.

He also said that to reduce its overall debt, NHAI has prepaid debt of Rs 86,000 crore, of which Rs 50,000 crore is NSSF loan.

“No specific target has been set for the current year but the debt liability is planned to be reduced below Rs 2,00,000 crore,” the official said. he said.


Settlement of this debt ahead of schedule led to a massive reduction in NHAI debt.
Through proactive negotiations with banks, NHAI has managed to reduce the interest burden by re-fixing interest rates around 80 basis points lower in the last two years, resulting in savings of over Rs 3,500 billion.

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