+
Cube Invit Buys Two Assets In J&K For Rs 41.84 Bn
ROADS & HIGHWAYS

Cube Invit Buys Two Assets In J&K For Rs 41.84 Bn

Cube Highways Trust has signed a share purchase agreement with National Investment and Infrastructure Fund to acquire two annuity road project for an enterprise value of Rs 41.84 billion, according to an exchange filing by Cube Highways Fund Advisors. 

The two annuity road projects being acquired are Quazigund Expressway and Athaang Jammu Udhampur Highway, both located in Jammu & Kashmir, with a combined length of 80 km. Quazigund is one of the longest bi-directional tunnels in the country while the other asset is an essential link between Jammu and Srinagar. 

The projects were started in 2010 with a concession period of 20 years and now have an outstanding life of around six-and-a-half years. With this acquisition Cube InvIT will have a portfolio of 27 diverse road assets located across the country. The acquisition is seen as complementing its existing portfolio of assets, fitting in with its strategy of deploying its debt capacity to acquire high quality assets. 

Established in 2022 Cube InvIT is one of the largest yield platforms in the infrastructure sector, with assets under management of Rs 314 billion at the end of December. 

Cube Highways Trust has signed a share purchase agreement with National Investment and Infrastructure Fund to acquire two annuity road project for an enterprise value of Rs 41.84 billion, according to an exchange filing by Cube Highways Fund Advisors. The two annuity road projects being acquired are Quazigund Expressway and Athaang Jammu Udhampur Highway, both located in Jammu & Kashmir, with a combined length of 80 km. Quazigund is one of the longest bi-directional tunnels in the country while the other asset is an essential link between Jammu and Srinagar. The projects were started in 2010 with a concession period of 20 years and now have an outstanding life of around six-and-a-half years. With this acquisition Cube InvIT will have a portfolio of 27 diverse road assets located across the country. The acquisition is seen as complementing its existing portfolio of assets, fitting in with its strategy of deploying its debt capacity to acquire high quality assets. Established in 2022 Cube InvIT is one of the largest yield platforms in the infrastructure sector, with assets under management of Rs 314 billion at the end of December. 

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?