New Delhi, June 13 -- The National Highways Authority of India (NHAI) aims to raise Rs.20,000 crore via two offerings from its own infrastructure investment trust (InvIT) this fiscal, two people aware of the plans said. It also plans to offer completed highway stretches to private InvITs for the first time, as part of an effort to raise up to Rs.60,000 crore during the year, they said.

NHAI bundles stretches of operational highways into InvITs and offers its units to investors, who get a regular share of road tolls. Ever since the highway InvIT programme was launched in 2020, the authority has had a single offering every year through its own InvIT-National Highways Infra Trust (NHIT). So far, it has raised Rs.43,638 crore through InvITs....