NHAI prepays debt of Rs 15,700 crore; saves on Rs 1000 crore interest

The National Highways Authority of India (NHAI) has successfully prepaid a debt of Rs 15,700 crore from 2023-24 monetisation proceeds, resulting in an estimated interest savings of around Rs 1,000 crore. The NHAI plans to monetize projects worth Rs 15,000-20 crore through infrastructure investment trust (InvIT) in 2024-25, aiming to reduce its overall debt liability to around Rs 3,00,000 crore by the end of fiscal 2025.