Maple Infrastructure Trust To Expand India Portfolio

10 Jan 2025 CW Team

Acting through its investment manager, Maple Infra InvIT Investment Manager Private Limited, MIT aims to acquire Ashoka Dhankuni Kharagpur Tollway Limited (ADKTL), Ashoka Sambalpur Baragarh Tollway Limited (ASBTL), Ashoka Belgaum Dharwad Tollway Limited (ABDTL), Ashoka Highways (Bhandara) Limited (AHBL), and Ashoka Highways (Durg) Limited (AHDL).

This acquisition will strengthen MIT’s portfolio of road assets across key States, including West Bengal, Odisha, Karnataka, Maharashtra, and Chhattisgarh. These projects, developed under concession agreements with the National Highway Authority of India (NHAI), include six- and four-lane toll roads with a combined length of over 400 km. The move highlights MIT’s commitment to enhancing India’s road infrastructure and aligns with its growth strategy under the Securities and Exchange Board of India (SEBI) Infrastructure Investment Trusts framework.

The acquisition, referred to collectively as the “Proposed Transactions,” also includes inter-connected deals involving key stakeholders such as CDPQ Infrastructures Asia III Inc., the global investment arm of Québec’s pension funds; Maple Highways Pte. Ltd.; and 360 ONE Private Equity Fund. The latter is managed by 360 ONE Alternates Asset Management and specialises in diversified investments across India and global markets.

The transactions are unlikely to raise competition concerns due to MIT’s role as an infrastructure trust focused on operating and owning road assets in India. However, the Competition Commission of India (CCI) has been notified under the Combination Regulations 2024, with the ‘market for road assets’ suggested as the relevant market for evaluation.

This strategic consolidation by MIT comes at a crucial time when infrastructure development is seen as a critical driver of economic growth.

The acquisitions will not only enhance operational efficiencies but also strengthen MIT’s position as a key player in India’s toll road and highway segment, while paving the way for future investments in this sector.

Maple Infrastructure Trust (MIT), a leading player in India’s road infrastructure sector, has proposed the acquisition of five major toll road projects, signalling a significant expansion of its footprint in the country. Acting through its investment manager, Maple Infra InvIT Investment Manager Private Limited, MIT aims to acquire Ashoka Dhankuni Kharagpur Tollway Limited (ADKTL), Ashoka Sambalpur Baragarh Tollway Limited (ASBTL), Ashoka Belgaum Dharwad Tollway Limited (ABDTL), Ashoka Highways (Bhandara) Limited (AHBL), and Ashoka Highways (Durg) Limited (AHDL).This acquisition will strengthen MIT’s portfolio of road assets across key States, including West Bengal, Odisha, Karnataka, Maharashtra, and Chhattisgarh. These projects, developed under concession agreements with the National Highway Authority of India (NHAI), include six- and four-lane toll roads with a combined length of over 400 km. The move highlights MIT’s commitment to enhancing India’s road infrastructure and aligns with its growth strategy under the Securities and Exchange Board of India (SEBI) Infrastructure Investment Trusts framework.The acquisition, referred to collectively as the “Proposed Transactions,” also includes inter-connected deals involving key stakeholders such as CDPQ Infrastructures Asia III Inc., the global investment arm of Québec’s pension funds; Maple Highways Pte. Ltd.; and 360 ONE Private Equity Fund. The latter is managed by 360 ONE Alternates Asset Management and specialises in diversified investments across India and global markets.The transactions are unlikely to raise competition concerns due to MIT’s role as an infrastructure trust focused on operating and owning road assets in India. However, the Competition Commission of India (CCI) has been notified under the Combination Regulations 2024, with the ‘market for road assets’ suggested as the relevant market for evaluation.This strategic consolidation by MIT comes at a crucial time when infrastructure development is seen as a critical driver of economic growth. The acquisitions will not only enhance operational efficiencies but also strengthen MIT’s position as a key player in India’s toll road and highway segment, while paving the way for future investments in this sector.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..