Highways Infrastructure Trust (HIT), an infrastructure investment trust (InvIT) owned by KKR, has successfully acquired four road assets valued at Rs 30 billion from Macquarie.
The acquisition includes Gujarat Road and Infrastructure (GRICL) and Swarna Tollway (STPL), with each company holding ownership of two toll roads.GRICL’s toll roads are in Gujarat, featuring a 51.6 km stretch from Ahmedabad to Mehsana on SH-41 and a 31.7 km road from Vadodara to Halol on SH-87, situated within the Delhi-Mumbai Industrial Corridor.
STPL’s assets are situated in Andhra Pradesh, encompassing a 110 km section from Tada to Nellore on NH-16, connecting prominent ports like Chennai and Krishnapatnam. Additionally, STPL owns the 48-kilometer Nandigama-Ibrahimpatnam-Vijayawada stretch on NH-65, serving as a feeder traffic route to NH-16.
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