Maple Infrastructure Trust To Expand India Portfolio
ROADS & HIGHWAYS

Maple Infrastructure Trust To Expand India Portfolio

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.    

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.    

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?