The National Highways Authority of India has submitted the draft papers with the market regulator the Securities and Exchange Board of India to raise around INR 10,000 Crore through bonds for financial support to various projects.

The company has submitted the papers for “public issue of taxable, secured redeemable non-convertible bonds in the nature of debentures up to INR 10,000 Cr.”

The proceeds will be utilized towards the financing of various projects including Bharatmala Pariyojana and other operational, financial and administrative purposes, as per the draft papers filed with the market regulator Sebi.

The government plans to build around 50 new national corridors & connect up to 550 district zones with national highways under the Bharatmala Pariyojana scheme.