NHAI may raise Rs 40,000 crore in FY26, exceeding target of Rs 30,000 crore: ICRA
Sep 17, 2025
Rating agency ICRA projects road monetisation at Rs. 35,000-40,000 crore in FY26 if the assets identified by the National Highways Authority of India (NHAI) are monetised in a timely manner. The report based the assumption on the median valuation multiple of 0.62 times seen across the 10 awarded TOT (toll-operate-transfer) bundles over the last three years.