IndInfravit holds a portfolio of 13 operational road concessions across five states including Karnataka, Maharashtra, Rajasthan, Tamil Nadu and Telangana.
Scott Lawrence, managing director and head of Infrastructure, CPP Investments said: “Sound infrastructure is vital to supporting growth in the Indian economy. Furthering our commitment to IndInfravit reflects our ongoing commitment to investment in India, as well as our ability to support IndInfravit’s future growth opportunities and enhances our ability to deliver solid long-term risk-adjusted returns to CPP contributors and beneficiaries.”
SIPL is a developer and operator of roads and other infrastructure projects. L&T IDPL is one of the largest Infrastructure development companies
in the country and operates a private toll road concession portfolio and an electricity transmission project.
L&T IDPL will continue to act as a sponsor and its subsidiary will remain as the investment manager for IndInfravit. L&T IDPL and SIPL will continue as project managers for the portfolio.
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