India

The National Highway Authority of India is aiming to raise over $1bn through the privatisation of two bundles of roads.

Nishith Desai Associates’ Ruchir Sinha and Shreyas Bhushan walk us through the structure of InvITs and explain why the trusts play an even bigger role in India’s infrastructure story.

Should Andhra Pradesh - a state at the forefront of the renewables sector in the country - succeed in slashing tariffs, projects with a capacity of more than 2.5GW are at risk of defaulting.

The public agency should consider launching a new BOT model to speed up privatisation and tackle its $24bn in debt, ratings agency ICRA says.

The asset manager will target core assets in developing countries and core-plus deals in developed markets.

The state of Andhra Pradesh is expected to fail in its attempt to renegotiate PPAs, but market sources fear a drawn-out court battle could still prove damaging.

The arrival of OTPP and AusSuper to the government-backed fund is another milestone in India’s evolution into an institutional-friendly infrastructure market.

Indian developer IRB will transfer nine operational and under-construction assets spanning 1,200km to an investment infrastructure trust.

The commitments from the Canadian pension and Australian superannuation fund bring NIIF’s Master Fund to its third close on more than $1.8bn.

The assets, valued at $3.6bn, will be acquired through an infrastructure investment trust set up by owner Reliance Industries.