NHIT : APPROVES CREDIT FACILITIES UP TO RS 2,000 CR

• Board of National Highways Infra Investment Managers (Investment Manager of NHIT) approved availing credit facilities up to ₹2,000 Cr • Facilities may include rupee term loan, working capital and/or non-fund based facilities from banks and/or financial institutions • Proceeds to finance or part-finance major maintenance expenditure for Round 1-5 projects and future projects held or to be held by NHIT • Board also approved execution of financing documents and creation of security in relation thereto • NHIT is the Trust; the Investment Manager acts on its behalf Impact: Neutral (Adds up to ₹2,000 Cr debt capacity for project maintenance; supports asset upkeep but increases leverage)

National Highways Infra Trust

Open attachment

← Back to feed