What we do Cube Highways Trust operates as an Indian Infrastructure Investment Trust, owning and managing 27 road assets across 12 states, focusing on road infrastructure investments. |
Founded in 2,021 |
Market share One of India’s leading InvITs in roads and highways sector with significant asset portfolio and institutional backing. |
Problem solved Addressing India’s infrastructure needs by investing in and maintaining road projects to improve connectivity and reduce lifecycle costs. |
Top clients or who we serve Serves institutional investors and partners with central and state governments under PPP to manage highway assets; B2B model. |
Key management - |
Our journey and innovations Established in 2021, listed in 2023; first in road sector to issue Sustainability-Linked Bond; continuous asset acquisitions expanding portfolio. |
Where we operate Operates across 12 Indian states with assets totaling over 2,000 kilometers; expanding presence through acquisitions. |
Top products or what we offer Ownership and management of toll-based road assets including expressways and highways under public-private partnerships. |
Top brands Portfolio includes Ghaziabad Aligarh Expressway, Salaipudhpur-Madurai Tollway, NAM Expressway among key assets. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Majority of revenue is recurring, derived from toll collections and asset management fees. |
Our industry position Strong position as a leading road InvIT with diversified asset base and robust investor support. |
Financial highlights FY2025 revenue Rs 3,307 crore with a minor net loss of Rs 36 crore; significant fund-raising through IPO and bonds. |
Geographical revenue split Revenue predominantly from toll collections across assets in multiple Indian states. |
Order book - |
Whats driving growth Growth driven by road asset acquisitions, infrastructure investments, and innovative financing like sustainability bonds. |
Our future plans Plans to expand portfolio through acquisitions and improve asset maintenance for enhanced returns. |
Our green promise Issued India's first sustainability-linked bond in road infrastructure, emphasizing ESG commitment. |
Our people and values Supported by institutional investors valuing governance, transparency, and sustainable infrastructure management. |
Key challenges ahead Managing operational costs, optimizing toll collections, and navigating regulatory landscape remain key challenges. |
Interesting facts First Indian road InvIT to issue sustainability-linked bonds; backed by global sovereign wealth funds. |
Risks and strategy Mitigation includes diversified portfolio, strategic partnerships, and maintaining compliance with SEBI regulations. |
