New Delhi: National Highways Authority of India (NHAI) has received prepaid loans worth Rs 56,000 crore during the current financial year, helping the state-owned agency save interest costs of around Rs 1,200 crore, a senior government official said on Sunday. told The official told PTI that NHAI’s total debt was pegged at Rs 3.35 lakh crore at the start of the current financial year, which was around Rs 2.76 lakh crore at the end of the third quarter of FY 2024-25.
About Rs 15,700 crore has been prepaid from InvIT monetization, while Rs 40,000 crore of loan prepayments to the National Small Savings Fund (Rs 30,000 crore) and State Bank of India (Rs 10,000 crore), he added. which charge higher interest rates.
“NHAI is successfully reducing its debt liability,” the official added.
Finance Minister Nirmala Sitharaman had maintained the NHAI allocation for 2024-25 at Rs 1.68 lakh crore in her last year’s budget.