+
Cube Highways Expands with a Rs 7.17 Bn Infra Move
ROADS & HIGHWAYS

Cube Highways Expands with a Rs 7.17 Bn Infra Move

In a significant expansion drive, Cube Highways Trust has completed the 100% acquisition of N.A.M. Expressway Limited for Rs 7.17 billion, following the Share Purchase Agreement signed on June 4, 2024. This acquisition reinforces Cube Highways' dominance in India's roads and highways sector. 

Company Overview 
Cube Highways Trust is a SEBI-registered Infrastructure Investment Trust (InvIT), specialising in road infrastructure projects. It is one of India’s largest InvITs, managing 25 road assets across 12 states. 

Business Operations & Revenue Model 
The company operates a total road length of 1,940 km with 8,450 lane km and 27 toll plazas. Revenue sources include: 
  • Toll collections: 79% 
  • Annuity-based payments: 21% 
Cube Highways continues to expand through strategic acquisitions, with the N.A.M. Expressway deal marking another milestone in its growth trajectory. 

Expanding Road Asset Portfolio 
Cube Highways’ extensive Build-Operate-Transfer (BOT) projects include: 
  • Jaipur Mahua Tollway 
  • Western UP Tollway 
  • Nelamangala Devihalli Expressway 

Additionally, its annuity-based assets feature: 
  • Andhra Pradesh Expressway 
  • Mangalwedha Solapur Highways 

Global Backing & Investment Strategy 
The company is backed by renowned global investors, including: 
  • I Squared Capital 
  • Abu Dhabi Investment Authority (ADIA) 
  • British Columbia Investment Management Corporation 
  • Mubadala Investment Company 
                                  

In a significant expansion drive, Cube Highways Trust has completed the 100% acquisition of N.A.M. Expressway Limited for Rs 7.17 billion, following the Share Purchase Agreement signed on June 4, 2024. This acquisition reinforces Cube Highways' dominance in India's roads and highways sector. Company Overview Cube Highways Trust is a SEBI-registered Infrastructure Investment Trust (InvIT), specialising in road infrastructure projects. It is one of India’s largest InvITs, managing 25 road assets across 12 states. Business Operations & Revenue Model The company operates a total road length of 1,940 km with 8,450 lane km and 27 toll plazas. Revenue sources include: Toll collections: 79% Annuity-based payments: 21% Cube Highways continues to expand through strategic acquisitions, with the N.A.M. Expressway deal marking another milestone in its growth trajectory. Expanding Road Asset Portfolio Cube Highways’ extensive Build-Operate-Transfer (BOT) projects include: Jaipur Mahua Tollway Western UP Tollway Nelamangala Devihalli Expressway Additionally, its annuity-based assets feature: Andhra Pradesh Expressway Mangalwedha Solapur Highways Global Backing & Investment Strategy The company is backed by renowned global investors, including: I Squared Capital Abu Dhabi Investment Authority (ADIA) British Columbia Investment Management Corporation Mubadala Investment Company                                   

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?