Maple Infra Trust acquires 5 Toll Road Highway Assets from Ashoka Concessions

Maple Infrastructure Trust, a SEBI-registered infrastructure concern trust, said 5 operational road projects from Ashoka Concessions Ltd. and different associated entities, including ACL radical companies had been successfully transferred to itself.

These projects, comprising implicit 2,100 lane kilometres of operational NHAI toll roads, are located on cardinal economical arteries of India, including the Golden Quadrilateral and the East–West Corridor, spanning West Bengal, Karnataka, Maharashtra, Chhattisgarh, and Odisha. 

Following the acquisition, Maple’s portfolio volition summation from 2 existing assets with a combined magnitude of 1,212 lane kilometres to 7 assets with combined magnitude of 3,328 lane kilometres, representing a leap of implicit 1.7 times. 

Anup Vikal, CEO, Maple Infrastructure Trust successful a connection said, “This acquisition strengthens our strategical and geographic diversification portion reinforcing our absorption connected high-growth corridors and stable, semipermanent distributions for our investors.”

“With our technology-enabled, ESG-driven operating model, we stay a reliable partner, committed to India’s imaginativeness of a much integrated and connected federation by delivering resilient, future-ready roadworthy infrastructure crossed the country,” helium added.