A 136-kilometer-long 4-lane toll road project between Salem and Ulundurpet on National Highway 68, developed under the Build, Operate and Transfer (BOT) model. The project is currently under the Corporate Insolvency Resolution Process (CIRP) and offers an opportunity for strategic investors to acquire a revenue-generating infrastructure asset with a long-term concession period.
Location & Project:
Salem–Ulundurpet section of NH 68 (Km 0.313 to Km 136.670), 4 Lane Toll Road.
Concession Agreement:
Signed on 15 January 2008 with a 25-year concession period, valid until January 2033.
Ownership & Governance:
Wholly owned subsidiary of a renowned public infrastructure company; currently under CIRP with lenders considering a substitution application.
Tolling & Revenue:
Active toll collection of approximately ₹14 crore per month from 3 toll plazas (Mettupatti, Nathakkarai, Veeracholapuram). Entire toll collection is currently allocated towards ongoing capex of approximately ₹50–60 crore.
Mode of Development:
Build, Operate and Transfer (BOT) under the National Highway Authority of India (NHAI).
Key Infrastructure:
136 km of 4-lane highway with three operational toll plazas.
This project presents an attractive investment opportunity for infrastructure developers, toll road operators, and private equity investors seeking:
– Entry or expansion in the Indian highway tolling sector.
– A long-term concession asset with steady toll collections.
– Potential value creation through completion of ongoing capex and operational improvements.
