Actis Secures Road Assets Acquisition Worth ₹1500 Crore

Actis, a global investor in sustainable infrastructure, is making strides in Asia by acquiring a portfolio of Indian Hybrid Annuity Model (HAM) road assets from Patel Infrastructure Ltd (PIL). The deal, valued at up to ₹1,500 crore according to sources, marks Actis' commitment to bolstering its presence in the region. Currently, the company has completed the acquisition of two assets and is in the process of acquiring an additional two assets upon completion.

The assets, awarded by the National Highways Authority of India (NHAI), are deemed highly attractive due to their availability-based fixed revenues with interest rate indexation features, as highlighted by Actis.

Moreover, Actis sees the road sector as a pivotal component of its investment strategy in India, with several other transactions in the pipeline. Adrian Mucalov, Partner and Head of Long-Life Infrastructure at Actis, emphasized the significance of the acquisition in the context of India's infrastructure landscape.

"The acquisition of these NHAI HAM concessions expands our footprint in India, a market where we see huge potential in both the energy and infrastructure sectors. We invest in critical infrastructure in growth markets where governments look to foreign investment to meet that infrastructure demand. Investing in transport systems such as toll roads can lead to more efficient road usage, improved road safety, reduced car idling and pollution, and lead to quicker journeys with lower emissions while increasing connectivity and growth potential," Mucalov stated.

HBL