The National Highways Authority of India (NHAI) was established in 1988 and is headquartered in New Delhi, India. Its primary purpose is to develop, maintain, and manage a network of national highways across the country, thus facilitating transportation and economic growth. NHAI is instrumental in implementing various projects, including the construction of expressways and the strengthening of existing roads. Key services include project management, toll collection, and traffic assessment, all aimed at enhancing India's road infrastructure.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
NHAI began issuing bonds in 1998 to fund its infrastructure projects. One notable issuance was in 2020, when NHAI raised ?15,000 crore (approximately $2 billion) through its long-term bonds, attracting significant investor interest due to its secure cash flows and strategic importance. Current yields on NHAI bonds are competitive within the public sector infrastructure domain, often lower than corporate bonds of similar tenure, reflecting investor confidence. Special features of their bond offerings include tax benefits for investors, making them appealing for retail participation.