KKR, Ontario Teachers Invest Rs 5,500 Crore in HIT
ROADS & HIGHWAYS

KKR, Ontario Teachers Invest Rs 5,500 Crore in HIT

Global private equity giant KKR and the Ontario Teachers' Pension Plan (Ontario Teachers') have committed a total of approximately Rs 5,500 crore (about $660 million) in the Highways Infrastructure Trust (HIT), an infrastructure trust that owns and operates highways across India. The announcement was made through a stock exchange filing.

Of the total investment, KKR's investment arm, Nebula Asia Holdings II Pte. Ltd., will contribute Rs 3,756 crore, while Ontario Teachers' will invest Rs 1,695 crore. KKR, which is the sponsor of HIT, and Ontario Teachers', a key shareholder, will channel this capital into supporting HIT's most recent acquisitions.

In a strategic move, HIT last year agreed to acquire 12 road assets from PNC Infratech and its subsidiary, PNC Infra Holdings, at an enterprise value of Rs 9,006 crore. This investment is set to further enhance HIT’s growing portfolio, which has already expanded to 15 assets, covering approximately 3,580 lane kilometres across nine states in India.

KKR’s involvement in India’s road sector began in 2021 when it acquired Highway Concessions One (HC1) and seven highway assets spanning 487 kilometers from Global Infrastructure Partners. It also acquired the Navayuga Udupi Tollway, a toll road located in Hyderabad, for an enterprise value of Rs 924 crore.

Since its establishment in 2022, HIT has been a key player in India’s highway infrastructure development. The trust continues to attract significant investments, further strengthening its position in the Indian infrastructure market. Meanwhile, Caisse de dépôt et placement du Québec (CDPQ), a Canadian pension fund, is in early discussions to raise capital for its own infrastructure trust, Maple Infrastructure Trust, which also targets India’s growing road sector.

Global private equity giant KKR and the Ontario Teachers' Pension Plan (Ontario Teachers') have committed a total of approximately Rs 5,500 crore (about $660 million) in the Highways Infrastructure Trust (HIT), an infrastructure trust that owns and operates highways across India. The announcement was made through a stock exchange filing. Of the total investment, KKR's investment arm, Nebula Asia Holdings II Pte. Ltd., will contribute Rs 3,756 crore, while Ontario Teachers' will invest Rs 1,695 crore. KKR, which is the sponsor of HIT, and Ontario Teachers', a key shareholder, will channel this capital into supporting HIT's most recent acquisitions. In a strategic move, HIT last year agreed to acquire 12 road assets from PNC Infratech and its subsidiary, PNC Infra Holdings, at an enterprise value of Rs 9,006 crore. This investment is set to further enhance HIT’s growing portfolio, which has already expanded to 15 assets, covering approximately 3,580 lane kilometres across nine states in India. KKR’s involvement in India’s road sector began in 2021 when it acquired Highway Concessions One (HC1) and seven highway assets spanning 487 kilometers from Global Infrastructure Partners. It also acquired the Navayuga Udupi Tollway, a toll road located in Hyderabad, for an enterprise value of Rs 924 crore. Since its establishment in 2022, HIT has been a key player in India’s highway infrastructure development. The trust continues to attract significant investments, further strengthening its position in the Indian infrastructure market. Meanwhile, Caisse de dépôt et placement du Québec (CDPQ), a Canadian pension fund, is in early discussions to raise capital for its own infrastructure trust, Maple Infrastructure Trust, which also targets India’s growing road sector.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code