Highways Infrastructure Trust (HIT), an infrastructure investment trust owned by KKR, has successfully acquired four road assets from Macquarie India in a significant deal valued at Rs 30 billion. The acquisition includes Gujarat Road & Infrastructure (GRICL) and Swarna Tollway (STPL), with each company holding ownership of two toll roads.
GRICL’s toll roads are located in Gujarat, featuring a 51.6-kilometer stretch from Ahmedabad to Mehsana on SH-41 and a 31.7-kilometer 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-kilometer 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.