For 1st time, EPFO invests in fund-raise by NHAI

NEW DELHI: In the largest monetisation transaction in the roads sector through InvIT so far, the NHAI raised Rs 18,380 crore in the fourth round, which also saw the first time investment by Employees’ Provident Fund Organisation (EPFO). The EPFO has invested Rs 2,350 crore and the round also saw investment from Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan Board and NaBFID. With this round, the total funds raised via InvIT have reached over Rs 46,000 crore since 2020.

The other domestic pension and provident funds that invested in the fourth round of InvIT included L&T Provident Fund, Rajasthan Rajya Vidyut Karamchari PF and the Indian Oil Corporation PF. While Rs 8,340 crore were raised in unit capital from domestic and international investors, Rs 10,040 crore was raised in debt from domestic lenders, NHAI said. These funds will be used for the acquisition of 11 national highway stretches at a concession value of Rs 17,738 crore.

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