LOCKDOWN HITS NHAI’S PLAN TO MONETISE ASSETS

MUMBAI: The countrywide lockdown has hit the National Highways Authority of India’s (NHAI) plans to monetize almost $1 billion of toll roads, as investors wait out the uncertainties of the virus crisis, said three people aware of the development, requesting anonymity. The delay could stretch NHAI’s balance sheet, given that it has suffered losses on toll revenue, with collections suspended till April 20 and dwindling traffic. On April 15, credit rating agency Icra had said that NHAI could lose as much as ₹1,181 crore in toll revenue due to the lockdown.