Investment in Infrastructure Group with USD 1 Bn Revenue Highway Project in India

Group Overview

Founded in 1975, the group is a leading player in India's civil infrastructure sector, with a diverse portfolio spanning across the construction of Roads & Highways, Bridges, Airports, Water Irrigation systems and more.The group operates through various models such as Engineering, Procurement, and Construction (EPC), Public-Private Partnership (PPP), Toll-Operate-Transfer (TOT), Build-Operate-Transfer (BOT), and Hybrid Annuity Model (HAM), delivering large-scale infrastructure projects across the country.

Key Highlights:

• Group Revenue - US$ 185 Mn
• Projects Completed - 100+
• Order Book - US$ 365 Mn
• Credit Rating - BB (Stable)

TOT Project Overview

As a part of the National Monetization Pipeline (NMP), the company successfully secured a project to construct and maintain a road network spanning 105.90 km in Gujarat.

Under this scheme, the group will be responsible for the maintenance and upkeep of these roads and highways for 20 years, while the ownership will remain with the government. These high-traffic routes are crucial links to Kandla, India’s largest government-operated port, and Mundra, the country’s largest private-sector port.

Project Highlights:

• Location - Gujarat
• Length - 105.90 KM
• Concession Period - 20 years
• Estimated Revenue - US$ 1 Bn
• EBITDA - US$ 750 Mn

Transaction

The group is looking to raise funds against the TOT project and offers flexible investment options, including:

• 100% Divestment of the Project

• Equity divestment combined with debt refinancing 

• Debt replacement

In case of full divestment, the group will provide full support with the upkeep and technical maintenance of the project.