INDINFRAVIT (the “Trust”) is an irrevocable trust set up under the Indian Trusts Act, 1882 and registered with the Securities and Exchange Board of India as an infrastructure investment trust under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (Registration Number: IN/InvIT/17-18/0007).
The Sponsor of the Trust is L&T Infrastructure Development Projects Limited, one of India’s largest road developers as measured by lane kilometres under Concession Agreements signed with the Central and State Government authorities. Further, LTIDPL IndvIT Services Limited has been appointed as the Investment Manager and L&T Infrastructure Development Projects Limited and Sadbhav Infrastructure Project Limited has been appointed as the Project Manager to INDINFRAVIT.
INDINFRAVIT Trust has a portfolio of 13 BOT/ Annity Road Assets across 6 states and a network of approx. 4400 Lane km. The Trust has a consolidated revenue under Management of approx. Rs 1500 cr in FY 20-21 and is employing about 400 personnel across its project locations and offices.
The Trust’s initial portfolio of assets comprised of five toll road projects in the Indian states of Rajasthan, Karnataka, Tamil Nadu and Telangana. Subsequently, the Trust added another eight road assets in the states of Rajasthan, Karnataka, Telangana and Maharashtra. Out of these eight projects, six are NHAI projects and two are state projects. These toll roads are operated and maintained pursuant to the concessions granted by the NHAI / State authorities.