Infrastructure Asset Lifecycle Event
Interise Trust Announces Conclusion of Concession Period for Igatpuri Highway Project
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Interise Trust announced the conclusion of the concession period for its road project SPV, Igatpuri Highway Private Limited, with the project scheduled to be handed over to NHAI as per concession agreement terms.
PRICE-SENSITIVE TRIGGER
Event: Concession Period Completion
Type: Infrastructure Asset Lifecycle Event
Impact: Neutral
Immediate Effect: Project asset to be transferred back to NHAI under BOT concession agreement terms
What Happened ?
Interise Trust informed exchanges that the concession period for Igatpuri Highway Private Limited, one of its project SPVs, concluded on May 6, 2026, and the project will now be handed over to the National Highways Authority of India (NHAI).
key highlights
Project & Concession Details:
- SPV Name:
- Igatpuri Highway Private Limited
- Project Type:
- BOT road project under NHDP Phase III
- Location:
- Maharashtra
- Stretch:
- Vadape to Gonde section on NH-3
- Road Type:
- 4-lane highway
- Length:
- From km 440.000 to km 539.500
- Concession period concluded on:
- May 6, 2026
- Project to be transferred to:
- National Highways Authority of India (NHAI)
Note:
- This represents a standard lifecycle closure event for BOT road concession assets
Risk Analysis
Key Risks
- Loss of concession revenue from completed project
- Dependence on replacement assets/projects for continued yield generation
- Potential reduction in operational asset base
Worst Case Scenario
- If not offset by new projects, completed concession assets may reduce long-term distributable cash flows
Risk Level: Low
Company Commentary
- Concession period completed as per agreement
- Asset handover to NHAI to occur in due course
- Project executed under BOT model and NHDP Phase III
Official Exchange Filing: Interise Trust