NEW DELHI, Dec 5: The National Highways Authority of India (NHAI) has made a pre-payment of loans amounting to Rs 56,000 crore in the current fiscal year, enabling the state-run agency to realize an interest savings of approximately Rs 1,200 crore, as reported by a senior government official on Sunday.
The official informed PTI that NHAI’s total debt at the start of the current fiscal year was estimated at Rs 3.35 lakh crore, which decreased to around Rs 2.76 lakh crore by the end of the third quarter of the 2024-25 fiscal year.
Additionally, the official noted that approximately Rs 15,700 crore was pre-paid using proceeds from InvIT monetization, while a significant Rs 40,000 crore was repaid to the National Small Saving Fund (Rs 30,000 crore) and the State Bank of India (Rs 10,000 crore), both of which impose higher interest rates.
“NHAI is effectively managing its debt obligations,” the official remarked.
Finance Minister Nirmala Sitharaman maintained the allocation for NHAI at Rs 1.68 lakh crore in her budget proposal for the 2024-25 fiscal year. (PTI)
