EAAA Alternatives wins two NHAI highway contracts worth ₹2,259 crore
AI Summary
EAAA Alternatives, part of Edelweiss, has secured two highway contracts in Tamil Nadu under NHAI's TOT Bundle 19 program, valued at ₹2,259 crore for a 20-year concession. This acquisition expands EAAA's infrastructure portfolio to 26 roads across 17 states, enhancing its position in India's operational road infrastructure sector.
EAAA Alternatives, Edelweiss’ alternatives investment platform, has won two highway contracts under the National Highways Authority of India’s (NHAI) Toll, Operate, Transfer (TOT) Bundle 19 programme. The contracts cover the Thanjavur–Trichy and Madurai–Tuticorin road stretches in Tamil Nadu, spanning around 170 km, with a concession value of ₹2,259 crore and a concession period of 20 years.
With the addition of these assets through its portfolio company, Epic Concessions 2 Pvt Ltd, EAAA’s infrastructure portfolio has expanded to 26 roads across 17 states, covering more than 7,700 lane km, including assets under binding agreements. The acquisition further strengthens the firm’s presence in India’s operational road infrastructure sector.
Original Article
Published on Hindu BusinessLine