HIT, owned by KKR, acquires 4 Road Assets from Macquarie India

04 Aug 2023 CW Team

KKR's infrastructure investment trust, the Highways Infrastructure Trust (HIT), has successfully completed the acquisition of four road assets from Macquarie India in a deal valued at Rs 30 billion. The purchase includes Gujarat Road and Infrastructure (GRICL) and Swarna Tollway (STPL), both of which possess two toll roads each. Previously, Adani Road Transport had intended to acquire these road assets for Rs 31 billion, but the deal was cancelled last month due to unsatisfactory conditions.

GRICL's toll roads are located in Gujarat, specifically the 51.6 km stretch from Ahmedabad to Mehsana on SH-41 and the 31.7 km stretch from Vadodara to Halol on SH-87, which forms part of the Delhi-Mumbai Industrial Corridor. In contrast, STPL's assets are situated in Andhra Pradesh and include a 110-km stretch from Tada to Nellore on NH-16, connecting major ports like Chennai and Krishnapatnam, as well as the 48-km Nandigama-Ibrahimpatnam-Vijayawada stretch on NH-65, which serves as a feeder traffic route to NH-16.

As of March 31, 2023, KKR holds an 89.99 per cent stake in HIT, while Canada's Ontario Teachers' Pension Plan possesses 7.51 per cent, with the remainder being owned by various institutional and non-institutional shareholders.

In addition to this acquisition, HIT is expected to emerge as the winner of a 316-km-long highway asset through the ToT 12 auction conducted by the National Highways Authority of India. HIT submitted the highest bid of Rs 41.81 billion for this auction, which covers a single road stretch from Lalitpur to Lakhnadon on NH26 in Madhya Pradesh. This particular stretch is included in the 12th bundle of roads offered under the toll-operate-transfer deal.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..