CCI Approves Infrastructure Deal Involving Maple Trust & CDPQ

26 Mar 2025 CW Team

The Competition Commission of India (CCI) has approved the proposed combination involving Maple Infrastructure Trust (MIT), CDPQ Infrastructures Asia III Inc. (CDPQ Asia), Maple Highways Pte. Ltd., 360 ONE Private Equity Fund, and specific road assets of the Ashoka Buildcon Group. This transaction represents a significant development in India’s road infrastructure sector.

The key entities involved are:

Maple Infrastructure Trust – Infrastructure investment trust CDPQ Asia – Subsidiary of global investment group CDPQ Maple Highways Pte. Ltd. – Road asset management firm 360 ONE Private Equity Fund – SEBI-registered investment fund

The Proposed Combination involves the acquisition of five special purpose vehicles (SPVs):

Ashoka Dhankuni Kharagpur Tollway Ltd (ADKTL) Ashoka Sambalpur Baragarh Tollway Ltd (ASBTL) Ashoka Belgaum Dharwad Tollway Ltd (ABDTL) Ashoka Highways (Bhandara) Ltd (AHBL) Ashoka Highways (Durg) Ltd (AHDL)

MIT, registered as an infrastructure investment trust with SEBI, owns and operates road assets in India. Maple Infra InvIT Investment Manager Pvt Ltd (Maple IM) serves as its investment manager.

CDPQ Asia, a subsidiary of Caisse de dépôt et placement du Québec (CDPQ), brings global expertise in infrastructure investment, while 360 ONE Private Equity Fund, a SEBI-registered Category II Alternative Investment Fund, contributes strategic capital for growth.

These SPVs, operating under National Highways Authority of India (NHAI) concessions, are integral to India’s transport infrastructure. With this approval, CCI reinforces its role in fostering competitive and sustainable infrastructure investments, ensuring long-term efficiency in the road sector.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..