NHAI Prepaids ₹56,000 Crore to Lenders, Saving ₹1,200 Crore in Interest Costs - PRESS AI WORLD
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NHAI Prepaids ₹56,000 Crore to Lenders, Saving ₹1,200 Crore in Interest Costs

share-iconSunday, January 05 comment-icon3 weeks ago 7 views
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indiatimesINDIATIMES
NHAI Prepaids ₹56,000 Crore to Lenders, Saving ₹1,200 Crore in Interest Costs

Credited from: INDIATIMES

  • The National Highways Authority of India (NHAI) has prepaid loans totaling ₹56,000 crore in the current fiscal.
  • This move is expected to save approximately ₹1,200 crore in interest costs.
  • NHAI's total debt was ₹3.35 lakh crore at the beginning of the fiscal year, reducing to ₹2.76 lakh crore by the end of Q3.
  • Of the prepayment, around ₹15,700 crore came from InvIT monetisation proceeds, with additional repayments to high-interest lenders.
  • This step demonstrates NHAI's commitment to debt reduction amidst a stable budget allocation of ₹1.68 lakh crore by the Finance Minister.

For more details, you can read the full article here.

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A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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