Actis acquires Rs 6,000 cr portfolio of six operating highway projects

Welspun Enterprises Limited (WEL), a subsidiary of the Welspun Group, has sold a Rs 6,000 crore portfolio of six operating highway toll road projects in India to Actis, a global investor based in the United Kingdom.

According to media reports, the portfolio benefits from a consistent mix of annuity and toll cash flows, with projects strategically situated across India, notably along the most renowned North-South highway corridor.

Actis' Long Life Infrastructure Fund (ALLIF), which seeks to invest in stabilised running assets across several infrastructure sectors that generate a significant cash yield for investors, will make its first road investment in India.

Five of the six toll roads have a Hybrid Annuity concession, which provides a set pay-out to the concessionaire in exchange for ensuring road availability.

The company revealed that the concessions for the five projects were given by the National Highways Authority of India (NHAI) and have a AAA local credit rating.

WEL is an Indian-based construction engineering company founded in 1976. The firm has done projects like the Delhi-Meerut Expressway (NH-24), Four-laning of Chutmulpur - Ganeshpur (NH-72A) & Roorkee - Gagalheri (NH-73), and many more.

Actis is a worldwide investment business specialising in the asset classes of private equity, energy, infrastructure, and real estate. It is a global leader in renewable energy infrastructure investment.

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