NHAI may raise Rs 40,000 crore in FY26, exceeding target of Rs 30,000 crore: ICRA

Rating Agency ICRA projects to make money on RS. If assets defined by the Indian National Highways Authority (NHAI) earn money in time, 35,000-40,000 Crore in 26 fiscal years. The report is based on the assumption that 0.62 floors seen in 10 TOT (paid transfer) bundles given in the last three years are at the top of the median valuation floors.

“This has earned money from RS 24,399 Crore in 25 financial years. In addition, this will exceed the target of making 30.000 RS for 26 financial years.” He said.

The NHAI detected a project pipeline reserved for earning money, which has already initiated proposals, which includes the completion of the estimation of five tot bundles. It also determined the transfer of project extensions to Invit (Infrastructure Investment Partnership) established by NHAI.
Vinay Kumar G, the Chairman of the sector, corporate ratings, ICRA, “NHAI, mainly two assets to make money -making mechanisms, ie Tot and Invit, FY 19. FY22’de introduced in the last two years, NHAI, about 1.170 km of 2,000 km was announced.

ICRA’s analysis shows that in the last three years, the valuation floor varies between 0.46 and 0.93 floors and the median floor is 0.62 times. The average concession period varies between 4 and 15 years for the basic assets (10 years of median) for basic assets.

Based on this multiple, the money to earn money, the Tot bundles and the assets defined in FY26 can potentially generate money of Rs. 26 In financial years, 35,000-40,000 Crore has been taking total money around RS since the beginning. 1.3 Lakh Crore. “National Money Money Pipeline (NMP), a total length of 8,894 km for FY2025, approximately 53,366 Crore, FY25 budget, RS’s lower figure RS. KM) and RS, RS and 19, RS and 19,073 km.