NHAI may raise Rs 40,000 crore in FY26, exceeding target of Rs 30,000 crore: ICRA

ICRA projects road monetisation of ₹35,000–40,000 crore in FY26, up from ₹24,399 crore in FY25, if NHAI assets are sold on time. The target surpasses the ₹30,000 crore budget estimate. NHAI has raised ₹92,633 crore since FY19 through TOT and InvIT. With 3,750 km yet to be monetised, total proceeds could reach ₹1.3 lakh crore.