Vertis Raises Rs 9 billion via SLB, Sets InvIT Benchmark
ROADS & HIGHWAYS

Vertis Raises Rs 9 billion via SLB, Sets InvIT Benchmark

Vertis Infrastructure Trust (formerly Highways Infrastructure Trust), a SEBI-registered Infrastructure Investment Trust (InvIT), has raised Rs 9 billion through a Sustainability-Linked Bond (SLB), the largest such issuance by an Indian InvIT to date. The 10-year fixed-rate bond, priced at 7.40 per cent, was anchored by the International Finance Corporation (IFC) with an investment of Rs 4.5 billion. 

This landmark issuance underlines growing global confidence in India’s ESG-focused infrastructure financing landscape. The SLB features predefined sustainability performance targets, linking interest rates to ESG outcomes, in line with international best practices. 

Proceeds from the bond will fund TOT-16, a 252-km NH-44 highway corridor in Telangana aimed at enhancing regional connectivity. The bond also received domestic backing from India Infrastructure Finance Company Limited (IIFCL), signalling broader institutional support for sustainability-linked finance. 

“This issuance reflects our commitment to responsible growth,” said Gaurav Chandna, Executive Director and Joint CEO, Vertis Infrastructure Trust. “With IFC and IIFCL’s support, we are proud to channel ESG-linked capital into India’s infrastructure sector.” 

Abhishek Chhajer, CFO, added, “This long-tenor, fixed-rate SLB structure is a replicable model that diversifies our investor base while aligning with India’s climate goals.” 

Imad N. Fakhoury, Regional Director, South Asia, IFC, noted, “Our anchor investment helps establish roads as a credible asset class, advancing sustainable infrastructure and capital market development in India.” 

Vikram Kumar, Director & Regional Head, IFC, Asia Pacific, said, “This SLB links financing with measurable outcomes, fosters transparency, and supports greater inclusion in infrastructure operations.” 

 




Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Vertis Infrastructure Trust (formerly Highways Infrastructure Trust), a SEBI-registered Infrastructure Investment Trust (InvIT), has raised Rs 9 billion through a Sustainability-Linked Bond (SLB), the largest such issuance by an Indian InvIT to date. The 10-year fixed-rate bond, priced at 7.40 per cent, was anchored by the International Finance Corporation (IFC) with an investment of Rs 4.5 billion. This landmark issuance underlines growing global confidence in India’s ESG-focused infrastructure financing landscape. The SLB features predefined sustainability performance targets, linking interest rates to ESG outcomes, in line with international best practices. Proceeds from the bond will fund TOT-16, a 252-km NH-44 highway corridor in Telangana aimed at enhancing regional connectivity. The bond also received domestic backing from India Infrastructure Finance Company Limited (IIFCL), signalling broader institutional support for sustainability-linked finance. “This issuance reflects our commitment to responsible growth,” said Gaurav Chandna, Executive Director and Joint CEO, Vertis Infrastructure Trust. “With IFC and IIFCL’s support, we are proud to channel ESG-linked capital into India’s infrastructure sector.” Abhishek Chhajer, CFO, added, “This long-tenor, fixed-rate SLB structure is a replicable model that diversifies our investor base while aligning with India’s climate goals.” Imad N. Fakhoury, Regional Director, South Asia, IFC, noted, “Our anchor investment helps establish roads as a credible asset class, advancing sustainable infrastructure and capital market development in India.” Vikram Kumar, Director & Regional Head, IFC, Asia Pacific, said, “This SLB links financing with measurable outcomes, fosters transparency, and supports greater inclusion in infrastructure operations.”  

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?