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NHAI needs to get its maths right to woo investors for its InvIT

It is essential that NHAI leaves enough on the table to give a decent yield to investors

September 18, 2019 / 10:42 AM IST
NHAI needs to get its maths right to woo investors for its InvIT

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Shishir Asthana That the National Highways Authority of India (NHAI) has borrowed too much is now an open secret. A recent letter from the Prime Minister’s Office all but asked NHAI to stop building roads and instead stress on reorganising its portfolio, check the commercial viability of projects and monetise assets. No wonder, reports now say the highway authority is looking at alternative ways of raising funds and contemplating using the Infrastructure Investment Trust (InvIT) route for it. It’s one way...

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