Edelweiss arm EAAA Alternatives bags two NHAI toll roads for ₹2,259 crore

New Delhi: Epic Concessions 2 Pvt Ltd, a portfolio company of EAAA Alternatives’ Infrastructure Yield Strategy, has signed concession agreements with the National Highways Authority of India (NHAI) to take over two toll roads in Tamil Nadu. ₹2,259 crore. The two routes on NH-38 and NH-83 stretch for 170 km along Thanjavur-Trichy and Madurai-Tuticorin. They were rewarded under NHAI’s Toll, Operation, Transfer (TOT) scheme – specifically TOT package 19 – with a concession period of 20 years.

With these assets, the number of roads on EAAA’s infrastructure platform has increased to 26; That number includes more than 7,700 lane-miles of roads in 17 states, including roads with binding agreements in place.

Long term opportunities

Amit Agarwal, CEO, EAAA Alternatives, said: “India’s infrastructure sector continues to offer significant long-term opportunities to investors, supported by strong policy direction, growing economic activity and the need for high-quality transportation networks. Our participation in TOT Package 19 reflects EAAA Alternatives’ ongoing commitment to deploy patient capital across major infrastructure assets.”

“Strong interest from investors in recent public offerings “EAAA TransInfra’s InvIT CITIUS TransNet also demonstrates the platform’s capabilities and commitment to India’s Infrastructure,” he added.

Sreekumar Chatra, managing director-infrastructure funds, EAAA Alternatives, said: “The addition of these routes will take our portfolio to 26 routes across 17 states and further strengthen our presence across geographies. EAAA’s differentiated infrastructure investment thesis focuses on acquiring high-quality operating assets, creating value through active asset management, sustainable development and delivering superior risk-adjusted returns to investors.”

money making assets

NHAI monetises operational assets to finance new road infrastructure development across the country. Under the TOT model, private entities are given rights to operate and collect toll revenue from completed works. Highways have a fixed concession period, usually ranging from 15 to 30 years, in exchange for a one-time down payment.

EAAA, the alternatives arm of Edelweiss, is a multi-strategy asset management alternatives platform in India. With ₹With 72,706 crore in assets under management, the platform focuses on providing income and return solutions to its global and domestic investor base through business verticals including real assets and private loans.