Highways Infrastructure Trust (HIT) has secured Rs 8,250 crore in debt financing, marking one of the largest such arrangements by an Infrastructure Investment Trust (InvIT) in India. The funding is expected to support HIT’s long-term growth and operational stability.
The financing has been structured as a Rupee Term Loan with a tenure of up to 17 years. Seven leading financial institutions participated in the arrangement, including Axis Bank, HDFC Bank, ICICI Bank, India Infrastructure Finance Company (IIFCL), IndusInd Bank, Punjab National Bank (PNB), and State Bank of India (SBI).
The funds will be allocated to finance TOT Bundle 16 and a portfolio of 12 road assets acquired from PNC Infratech.
Gaurav Chandna, Executive Director and Joint CEO of Highways Infrastructure Trust, stated, “Securing this Rs 8,250 crore financing reflects the confidence of our lending partners in our business model and growth strategy. The strong response from both existing and new financial institutions underscores the trust in our operational capabilities and long-term vision.”
Abhishek Chhajer, CFO of Highways Infrastructure Trust, added, “This is among the largest debt financings by an InvIT in India, secured at competitive pricing. The facility, linked to external benchmark rates, enhances our financial flexibility and reinforces our commitment to long-term value creation.”
The successful debt arrangement strengthens HIT’s ability to pursue strategic opportunities, expand its infrastructure portfolio, and ensure sustainable growth. The continued support from financial institutions positions the trust for long-term stability and expansion in India’s infrastructure sector.
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By Ravi Kumar
