InvITs and TOT model drive asset monetisation as highways authority focuses on debt reduction.

NHAI Set to Achieve ₹30,000-Crore Monetisation Target in FY26

The National Highways Authority of India (NHAI) is on track to meet its asset monetisation goal of ₹30,000 crore for FY26, using tools like Toll-Operate-Transfer (TOT) and Infrastructure Investment Trusts (InvITs). According to NHAI, it has already realised ₹28,307 crore in this financial year through a combination of public and private InvITs and TOT projects. With bids currently under technical evaluation for TOT Bundle-19, the authority states it is well placed to reach the Government of India’s planned monetisation target for FY26. This effort supports the National Monetisation Pipeline announced by Nirmala Sitharaman in 2021, which saw nearly 90% of its earlier goal achieved. Under the updated National Monetisation Pipeline 2.0, assets worth ₹16.72 lakh crore are planned for monetisation between FY26 and FY30, including notable highway assets. Recently, NHAI launched its first public InvIT, Raajmarg Infra Investment Trust, listed on the Bombay Stock Exchange on 24 March 2026. The authority aims to fund future road projects, reduce dependence on borrowings, and control debt levels.