NHAI Prepays Rs 56,000 Cr Loan, Saves Rs 1,200 Cr Interest
By Rediff Money Desk, New Delhi Jan 05, 2025 14:19
NHAI prepays Rs 56,000 crore in loans during FY25, reducing its debt liability and saving Rs 1,200 crore in interest costs. The prepayment includes funds from InvIT monetization and loans from National Small Savings Fund and SBI.
New Delhi, Dec 5 (PTI) National Highways Authority of India (NHAI) has pre-paid loans of worth Rs 56,000 crore during the current fiscal, helping the state-owned agency to save interest cost of around Rs 1,200 crore, a senior government official said on Sunday.
The official told PTI that NHAI's total debt at the beginning of the current fiscal year was pegged at Rs 3.35 lakh crore, which stood at about Rs 2.76 lakh crore at the end of third quarter of 2024-25 fiscal year.
He further said that around Rs 15,700 crore has been pre-paid from the InvIT monetisation proceeds, while Rs 40,000 crore prepayment of loan has been made to National Small Saving Fund (Rs 30,000 crore) and State Bank of India (Rs 10,000 crore), which charge high interest rates.
"NHAI is successfully reducing its debt liability," the official added.
Finance Minister Nirmala Sitharaman in her last year's budget had retained the allocation to NHAI at Rs 1.68 lakh crore for 2024-25.
The official told PTI that NHAI's total debt at the beginning of the current fiscal year was pegged at Rs 3.35 lakh crore, which stood at about Rs 2.76 lakh crore at the end of third quarter of 2024-25 fiscal year.
He further said that around Rs 15,700 crore has been pre-paid from the InvIT monetisation proceeds, while Rs 40,000 crore prepayment of loan has been made to National Small Saving Fund (Rs 30,000 crore) and State Bank of India (Rs 10,000 crore), which charge high interest rates.
"NHAI is successfully reducing its debt liability," the official added.
Finance Minister Nirmala Sitharaman in her last year's budget had retained the allocation to NHAI at Rs 1.68 lakh crore for 2024-25.
Source: PTI
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