Board approves availing credit facilities of up to INR 2,000 Crores

The Board of the Investment Manager of National Highways Infra Trust met on 09th October, 2026 and approved availing credit facilities of up to INR 2,000 Crores.

Fri 9 Oct 2026

Approved credit facilities

up to INR 2,000 Crores

Purpose of borrowing

financing/ part-financing, including Major Maintenance Expenditure, of the Round 1 to Round 5 projects

Facility types

rupee term loan facility(ies), working capital facility(ies) and/or non-fund based facility(ies)

What the Board approved

The Board of National Highways Infra Investment Managers Private Limited, acting as the Investment Manager of National Highways Infra Trust, met on 09th October, 2026 and approved availing credit facilities of an aggregate amount up to INR 2,000 Crores.

These facilities are to be sanctioned/ to be sanctioned by various banks and/or financial institutions. The update describes the forms they can take:

• rupee term loan facility(ies)
• working capital facility(ies)
• non-fund based facility(ies)

What the money is meant for

The approved borrowing is for financing/ part-financing of the Trust's projects, which the update sets out as:

• Round 1 Projects, Round 2 Projects and Round 3 Projects (termed Leap Projects)
• Round 4 Projects (termed Ascent Projects)
• Round 5 Projects and any other project(s) under future round(s) held or to be held by the Trust
• Major Maintenance Expenditure in relation to these projects

The approval also covers execution of the financing documents and creation of security in relation thereto.

Reading this simply

An InvIT like National Highways Infra Trust earns toll and annuity-type revenue from road assets and passes distributions to its unit holders. Funding road maintenance and project costs often needs external money, and this approval sets the outer limit the Investment Manager can borrow for that purpose.

The update says the facilities may be sanctioned or are still to be sanctioned — so the approval is of the borrowing plan and its limit, and the actual drawdown would follow as documents are executed with the lenders.

What a unit holder may watch

• The INR 2,000 Crores figure is an aggregate ceiling covering several facilities and several project rounds, not a single loan amount.
• The purpose stated is project funding and Major Maintenance Expenditure, which are costs connected to keeping the underlying road assets running and adding new ones.
• The update mentions creation of security in relation to the financing documents, which is how lenders typically secure such facilities.

Perception it can create

A financing approval of this size can be read as the Trust lining up funds for its maintenance and project pipeline. At the same time, borrowed money carries servicing obligations, the terms of which would come from the individual facility documents.

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