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Actis consolidates India roads portfolio under NXT-Infra Trust, creating a scaled-up and diversified roads platform spanning over 3,000 lane km
25 September 2026 3 Min Read
LONDON, 25 September 2026: Actis, a leading growth market investor in sustainable infrastructure, today announced the consolidation of its Indian road portfolios into a single new platform – NXT-Infra Trust – consisting of 11 road assets spanning over 3,000 lane km.
This platform brings together assets held by Actis Long Life Infrastructure Fund 1 (held under the privately listed investment trust, NXT-Infra) and Actis Long Life Infrastructure Fund 2. As part of this consolidation process, the NXT-Infra Trust successfully completed the acquisition of road assets held by Actis Long Life Infrastructure Fund 2. As part of the transaction, NXT-Infra and the Sponsors raised INR 11,875 million which witnessed strong participation from leading domestic institutional investors. Following these transactions, Actis funds collectively own c.71% of NXT-Infra.
The consolidated platform creates a scaled-up and diversified operational roads business present in high growth corridors across 10 states in India, with approximately 55% of revenue from Hybrid Annuity Model (HAM) projects and approximately 45% from toll road projects. Assets include the HAM projects Delhi-Meerut Expressway, Chutmalpur-Ganeshpur, Gagalheri-Saharanpur, Chikhali-Tarsod, Amravati, Darah Jhalawar Highways, Vadodara Kim Expressway, Calicut Expressway, and toll road projects Mukarba Chowk-Panipat, Second Vivekananda Bridge Tollway and Vindhyachal Expressway.
Adrian Mucalov, Head of Long Life Infrastructure at Actis, commented: "India's roads carry one of the fastest-growing major economies in the world, and the quality of that network matters – for trade, for communities, for growth. Bringing our long life infrastructure road assets together under a single platform and management team is the logical next step in what we set out to do when we first invested in NXT-Infra: build a platform of genuine scale that can be actively managed, continuously improved, and structured with the aim of delivering long-term, stable returns to our investors."
Sumit Sen, Managing Director, Asia, Long Life Infrastructure at Actis, said: “We’ve built NXT-Infra into one of the largest privately-owned HAM and toll road platforms in India and we believe bringing new assets into the platform in a combined InvIT can help bring strong operational and financial synergies. In our view, a larger, more diversified platform mitigates concentration risk, strengthens the revenue mix and allows our management team to apply established operational, safety and sustainability improvements across a broader portfolio from day one.”
NXT-Infra Trust represents just the latest in a series of transactions in the Indian market by Actis. Last year, the firm acquired a 100% stake of Stride’s 371MW (414MWp) operating solar PV portfolio and launched a strategic joint venture, Bharat Grid Private Limited, with EDF India to support the advancement of smart metering in the country.
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Disclaimer
The statements contained herein, including those made by Adrian Mucalov and Sumit Sen, are as of 25 September 2026 and represent the views of Actis which is not research and should not be treated as research. Historic market trends are not reliable indicators of actual future market behaviour or future performance of any particular investment which may differ materially and should not be relied upon as such. Past performance is not a guarantee, projection or prediction and is not indicative of future results. Nothing herein constitutes a guarantee, projection or prediction. Case studies, figures and other selected transactions herein are presented for informational purposes only and were selected to demonstrate the type of investments that Actis will seek to make. There can be no guarantee that transactions with similar characteristics will be available to Actis. Nothing herein should be considered a recommendation of any Actis fund, portfolio company or transaction. The strategies described herein may not be suitable for all investment goals. All investments carry a risk of loss.