TRIL Roads Private Limited (TRPL) today said that it has signed an agreement with private equity investor, Actis, for a joint investment of USD 200 million in a private equity transaction.
TRIL will invest USD 122.5 million and Actis USD 77.5 million for roads and highway projects, a press release issued here stated.
TRPL is a 100 per cent subsidiary of Tata Realty and Infrastructure (TRIL) and holding company for roads and highway projects.
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Over the next few years, TRPL intends to execute and develop roads and highway projects aggregating around Rs 9,000 crore.
TRIL has a partnership with Atlantia, one of Europe’s largest toll road operators, to bid for concessions to upgrade, operate and toll existing Indian roads and highways.
Actis is investing in TRIL Roads, a subsidiary of Tata Realty and Infrastructure Limited, which, itself is a 100 per cent subsidiary of Tata Sons.
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TRIL’s Chairman, R K Krishna Kumar, said, “we are delighted to welcome Actis as a partner in our roads business...we will bring world—class quality and safety standards for the Indian roads sector and strive to improve the quality of life for the common man.”