Unsecured loan: NHAI to raise Rs 25k crore from SBI

Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.