Ontario Teachers to infuse $175 mn in KKR's India road platform
ROADS & HIGHWAYS

Ontario Teachers to infuse $175 mn in KKR's India road platform

Canada's Ontario Teachers’ Pension Plan Board will invest up to $175 million in global investment firm KKR's road platform in India.

Among the 12 road assets, Ontario Teachers is supposed to acquire six definitive agreements that have been inked. This includes a diversified mix of toll and annuity roads, with a total length of more than 910 kilometres across 11 states, including Gujarat, Chhattisgarh, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Meghalayan, Tamil Nadu, Telangana, and West Bengal.

Ontario Teachers Asia-Pacific Infra, MD Bruce Crane, told the media that the company is delighted to further our investments in high-quality Indian infrastructure and to partner with KKR on developing greater connectivity, and increased opportunities, for the country through improved roads network.

As the roads sector is a core area for KKR in India, the transaction follows the firm’s recent infrastructure investments in India, including the acquisition of Virescent Infrastructure, Highway Concessions One, and the setting up of India Grid Trust and Virescent Renewable Energy Trust.

KKR's Head of India Infrastructure, Hardik Shah, told the media that the company is delighted to extend our relationship with Ontario Teachers and work together to capture the strong investment interest in the sector and contribute to the development of the transport infrastructure of India.

With this, Ontario Teachers marks its third investment in India's infrastructure. It picked up a 25% stake in the National Highways Infra Trust late in 2021 and is an anchor investor in the National Investment and Infrastructure Fund. The transaction is expected to be finished in Q3 2022.

Image Source

Also read: KKR-backed Virescent sets up India's first renewable energy trust

Canada's Ontario Teachers’ Pension Plan Board will invest up to $175 million in global investment firm KKR's road platform in India. Among the 12 road assets, Ontario Teachers is supposed to acquire six definitive agreements that have been inked. This includes a diversified mix of toll and annuity roads, with a total length of more than 910 kilometres across 11 states, including Gujarat, Chhattisgarh, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Meghalayan, Tamil Nadu, Telangana, and West Bengal. Ontario Teachers Asia-Pacific Infra, MD Bruce Crane, told the media that the company is delighted to further our investments in high-quality Indian infrastructure and to partner with KKR on developing greater connectivity, and increased opportunities, for the country through improved roads network. As the roads sector is a core area for KKR in India, the transaction follows the firm’s recent infrastructure investments in India, including the acquisition of Virescent Infrastructure, Highway Concessions One, and the setting up of India Grid Trust and Virescent Renewable Energy Trust. KKR's Head of India Infrastructure, Hardik Shah, told the media that the company is delighted to extend our relationship with Ontario Teachers and work together to capture the strong investment interest in the sector and contribute to the development of the transport infrastructure of India. With this, Ontario Teachers marks its third investment in India's infrastructure. It picked up a 25% stake in the National Highways Infra Trust late in 2021 and is an anchor investor in the National Investment and Infrastructure Fund. The transaction is expected to be finished in Q3 2022. Image Source Also read: KKR-backed Virescent sets up India's first renewable energy trust

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?