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Navayuga Quazigund Expressway has been sold to NIIF Limited

Navayuga Engineering Company has sold its equity stake in Navayuga Quazigund Expressway to National Investment and Infrastructure Fund Limited (NIIF).

Navayuga Quazigund Expressway Private Limited (NQEPL) is a four-lane 16.3 km expressway between Quazigund and Banihal, a section of NH-1A that includes a bi-directional 8.5 km continuous twin-tube tunnel stretch, one of the longest highway tunnels in India. The road provides a vital link between the two important cities in the region, Jammu and Srinagar, enabling seamless movement of traffic and goods, with enhanced inter-region connectivity. The road facilitates traffic movement in all weather conditions throughout the year and reduces significant travel time between the two cities.

NQEPL is one of the largest annuity projects awarded by the National Highways Authority of India (NHAI) on a BOT (build-operate-transfer) basis. This project receives fixed, semi-annual payments from NHAI, providing stable and predictable cash flows.

National Investment and Infrastructure Fund Limited is a collaborative investment platform for international and Indian investors, anchored by the Government of India, which manages funds with investments in different asset classes and diversified sectors that generate attractive risk-adjusted returns. NIIFL manages over US$4.3 billion of equity capital commitments across its three funds – Master Fund, Fund of Funds, and Strategic Opportunities Fund, each with a distinct investment strategy committed to supporting the country’s growth needs. Master Fund, managed by NIIFL, is one of India’s largest infrastructure funds, that aims to participate in the robust Indian infrastructure story. The fund invests in high-quality businesses and assets across core infrastructure sectors. With considerable experience in investing and operating infrastructure assets, the fund focuses on areas that are critical to India’s economic development and long-term growth prospects.

The Navayuga Group is a multi-dimensional corporate entity with an extremely diversified portfolio that includes mammoth public infrastructures in roads, bridges, metro rail, marine works, ports, power projects and huge steel units. It remains the Indian leader by far when it comes to piling, and is now taking its banner across the ocean into the Middle East. Its companies have already established a presence in most geographical areas.

Oaklins’ team in India acted as a sell-side advisor to Navayuga Engineering Company in the sale of its asset Navayuga Quazigund Expressway.

M&A sell-side

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 Sameer  Shetty

Sameer Shetty

Mumbai, India
Oaklins YES Securities

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