Edelweiss’ alternatives arm, EAAA, has officially strengthened its infrastructure assets by securing two major toll roads in Tamil Nadu. The 20-year concession agreements for stretches on NH-38 and NH-83 were signed by its portfolio company, Epic Concessions 2 Pvt Ltd, marking a significant win under the National Highways Authority of India’s (NHAI) Toll, Operate, Transfer (TOT) programme.
The concession agreements are for Thanjavur-Trichy and Madurai-Tuticorin stretches, spanning ~170 km in Tamil Nadu, for an aggregate value of INR 2,259 crore. With these assets, the number of roads in EAAA’s infrastructure platform has increased to 26 roads, comprising over 7,700 lane km across 17 states, including those for which binding agreements are in place.
Amit Agarwal, Chief Executive Officer, EAAA Alternatives said, “India’s infrastructure sector continues to offer significant long-term opportunities for investors, supported by strong policy direction, growing economic activity and the need for high-quality transport networks. Our participation in TOT Bundle 19 reflects EAAA Alternatives’ continued commitment to deploying patient capital into large infrastructure assets. The strong investor interest in the recent public listing of EAAA TransInfra’s InvIT, CITIUS TransNet, also demonstrates the platform’s capabilities and commitment to India’s Infrastructure.”
Sreekumar Chatra, Managing Director – Infrastructure Funds, EAAA Alternatives said, “We are proud to be a part of NHAI’s TOT programme, which is helping unlock capital for the country’s next phase of infrastructure development. The addition of these roads will expand our portfolio to 26 roads across 17 states, further strengthening our presence across geographies. EAAA’s differentiated infrastructure investment thesis focuses on acquiring high-quality operating assets, value creation through active asset management, sustainable development, and delivering superior risk-adjusted returns to investors.”
NHAI has been monetizing operational assets to fund new road infrastructure development across the country. Under the TOT model, private entities are granted the rights to operate and collect toll revenue from completed highways for a fixed concession period, usually ranging from 15 to 30 years, in exchange for a one-time upfront payment.
About EAAA Alternatives:
EAAA, the alternatives arm of Edelweiss, is one of the leading, multi-strategy asset management alternatives platforms in India, in terms of assets under management (Source: CARE Report) with more than 15 years of experience of managing long term patient capital. With an AUM of INR 72,706 crore the platform focuses on providing income and yield solutions to its diverse global and domestic investor base through its key business verticals, including Real Assets and Private Credit.
EAAA Alternatives has offices in Mumbai, New Delhi, GIFT City and Singapore and on ground coverage through partners and relationship managers covering North America, Europe, Middle East, Japan, Australia and South Korea.
