EAAA Alternatives Acquires Two NHAI Toll Road Assets Under TOT
ROADS & HIGHWAYS

EAAA Alternatives Acquires Two NHAI Toll Road Assets Under TOT

EAAA Alternatives-managed Infrastructure Yield Strategy, through its portfolio company Epic Concessions 2 Pvt Ltd, has signed concession agreements with the National Highways Authority of India for an aggregate consideration of Rs 22,590 mn for two toll road stretches in Tamil Nadu under TOT Bundle 19. The agreements carry a concession period of 20 years and were secured under the toll, operate, transfer programme. The transaction expands the platform's exposure to operational highway assets and forms part of NHAI's ongoing asset monetisation drive.

The assets cover the Thanjavur–Trichy and Madurai–Tuticorin stretches on NH-38 and NH-83 respectively, spanning 170 kilometres (km). With these additions the infrastructure platform increases to 26 road assets, comprising over 7,700 lane km across 17 states, including assets for which binding agreements are in place. The two stretches serve important regional corridors that support passenger movements and freight connectivity in the southern state, and are positioned to provide stable toll cash flows over the concession period.

EAAA's senior leadership characterised the deal as a continuation of its strategy to deploy patient capital into large infrastructure assets and noted that strong investor interest in the recent public listing of EAAA TransInfra's InvIT, CITIUS TransNet underscored the platform's capabilities. The firm outlined a focus on acquiring high-quality operating assets and on value creation through active asset management and sustainable development while seeking superior risk-adjusted returns for investors. The structure was implemented by Epic Concessions 2 Pvt Ltd acting as the portfolio vehicle for the Infrastructure Yield Strategy.

NHAI has been monetising operational assets to fund new road infrastructure development and under the TOT programme private entities receive rights to operate and collect toll revenue from completed highways for a fixed concession period, commonly between 15 and 30 years, in return for a one-time upfront payment. EAAA is the alternatives arm of financial services conglomerate Edelweiss and the group reports assets under management of Rs 727,060 mn. In April, an EAAA India Alternatives-backed vehicle, CITIUS TransNet Investment Trust, launched an initial public offering to raise Rs 11,050 mn, reflecting ongoing market activity around infrastructure investments and the broader policy support for transport networks.

EAAA Alternatives-managed Infrastructure Yield Strategy, through its portfolio company Epic Concessions 2 Pvt Ltd, has signed concession agreements with the National Highways Authority of India for an aggregate consideration of Rs 22,590 mn for two toll road stretches in Tamil Nadu under TOT Bundle 19. The agreements carry a concession period of 20 years and were secured under the toll, operate, transfer programme. The transaction expands the platform's exposure to operational highway assets and forms part of NHAI's ongoing asset monetisation drive. The assets cover the Thanjavur–Trichy and Madurai–Tuticorin stretches on NH-38 and NH-83 respectively, spanning 170 kilometres (km). With these additions the infrastructure platform increases to 26 road assets, comprising over 7,700 lane km across 17 states, including assets for which binding agreements are in place. The two stretches serve important regional corridors that support passenger movements and freight connectivity in the southern state, and are positioned to provide stable toll cash flows over the concession period. EAAA's senior leadership characterised the deal as a continuation of its strategy to deploy patient capital into large infrastructure assets and noted that strong investor interest in the recent public listing of EAAA TransInfra's InvIT, CITIUS TransNet underscored the platform's capabilities. The firm outlined a focus on acquiring high-quality operating assets and on value creation through active asset management and sustainable development while seeking superior risk-adjusted returns for investors. The structure was implemented by Epic Concessions 2 Pvt Ltd acting as the portfolio vehicle for the Infrastructure Yield Strategy. NHAI has been monetising operational assets to fund new road infrastructure development and under the TOT programme private entities receive rights to operate and collect toll revenue from completed highways for a fixed concession period, commonly between 15 and 30 years, in return for a one-time upfront payment. EAAA is the alternatives arm of financial services conglomerate Edelweiss and the group reports assets under management of Rs 727,060 mn. In April, an EAAA India Alternatives-backed vehicle, CITIUS TransNet Investment Trust, launched an initial public offering to raise Rs 11,050 mn, reflecting ongoing market activity around infrastructure investments and the broader policy support for transport networks.

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