EAAA Alternatives' Infrastructure Yield Strategy, through its portfolio company Epic Concessions 2 Pvt Ltd, has signed concession agreements with the National Highways Authority of India (NHAI) to operate two toll road projects in Tamil Nadu for a concession period of 20 years.The projects, located on NH-38 and NH-83, were awarded under NHAI's Toll, Operate and Transfer (TOT) programme, the company said on Monday.The concession agreements are for Thanjavur-Trichy and Madurai-Tuticorin stretches, spanning 170 km in Tamil Nadu, for an aggregate value of ₹2,259 crore. With these assets, the number of roads in EAAA’s infrastructure platform has increased to 26 roads, comprising over 7,700 lane km across 17 states, including those for which binding agreements are in place, it said.Amit Agarwal, Chief Executive Officer, EAAA Alternatives said, “Our participation in TOT Bundle 19 reflects EAAA Alternatives’ continued commitment to deploying patient capital into large infrastructure assets. The strong investor interest in the recent public listing of EAAA TransInfra’s InvIT, CITIUS TransNet, also demonstrates the platform’s capabilities and commitment to India’s Infrastructure.”Sreekumar Chatra, Managing Director – Infrastructure Funds, EAAA Alternatives said, “EAAA’s differentiated infrastructure investment thesis focuses on acquiring high-quality operating assets, value creation through active asset management, sustainable development, and delivering superior risk-adjusted returns to investors.”NHAI has been monetizing operational assets to fund new road infrastructure development across the country. Under the TOT model, private entities are granted the rights to operate and collect toll revenue from completed highways for a fixed concession period, usually ranging from 15 to 30 years, in exchange for a one-time upfront payment.
Edelweiss arm wins NHAI's TOT 19 roads bundle for ₹2,259 crore
EAAA Alternatives has won the rights to operate two NHAI toll road projects in Tamil Nadu for 20 years under the Toll, Operate and Transfer (TOT) programme. The 170-km Thanjavur-Trichy and Madurai-Tuticorin stretches were acquired for ₹2,259 crore.







