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NHAI not facing financial crises, pre-paid Rs 15,700 cr bank loan: Gadkari

Business Standard LogoBusiness Standard11h ago

NHAI not facing financial crises, pre-paid Rs 15,700 cr bank loan: Gadkari - Business Standard

Quick Summary:

In a written reply to the Lok Sabha, Union Road Transport and Highways Minister Nitin Gadkari said, "NHAI is not facing any financial crises which is evident from the fact that NHAI has pre-paid bank loan to the tune of Rs 15,700 crore through InvIT monetisation proceeds - Rs 6,350 crore in the last financial year and Rs 9,350 crore in July 2024," he added.

The National Highway Authority of India (NHAI) is not facing any financial crises and has drawn up a plan to service its debt through improved inflows of toll revenue and asset monetisation, Parliament was informed on Thursday.

The minister also said that NHAI has drawn up a plan to service its debt through improved inflows of toll revenue and asset monetisation.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 16:23:22 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21771767

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