KKR-Backed highways infrastructure trust acquires 12 road projects for Rs 90.05 billion

January 17, 2024

KKR-backed highways infrastructure trust (HIT) has acquired 12 road projects from PNC Infratech and PNC Infra Holdings.
The enterprise value stands at Rs 90.05 billion, making it one of the most substantial acquisitions in the road sector. The road portfolio comprises 11 hybrid annuity concessions from the NHAI and one toll road concession from the Uttar Pradesh State Highways Authority (UPSHA), covering approximately 3,800 lane km in Rajasthan, Uttar Pradesh, Madhya Pradesh, and Karnataka.
Of this, ten projects are operational, while the remaining two are under construction.