1 For projects awarded post 2008, the toll rate hike is applicable at 3% fixed hike plus 40% WPI. For projects awarded prior to 2008, the toll rate hike is 100% linked with WPI.
2 CRISIL Research estimate
3 Advanced estimate for fiscal 2023
4 For detailed insights on roads sector InvITs, please refer to CRISIL Ratings press release - https://www.crisilratings.com/en/home/newsroom/press-releases/2022/12/road-invits-improve-the-credit-quality-of-rs-46000-crore-debt.html
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