Currently, L&T IDPL has 10 operational road assets and the Kudgi Transmission Project in its portfolio. In addition, it continues to manage the 5 operational road assets transferred to Indinfravit Trust, an InvIT that L&TIDPL sponsored and launched in May 2018 as the first privately placed InvIT in India, with 77% holding from international pension funds and insurance investors. The projects connect some of the most economically significant regions of the country and serve 450,000 road users every day. The company operates a state of the art toll system architecture and process almost 80% of transactions electronically (under the FASTag program of NHAI/MORTH).
L&TIDPL has successfully monetised and exited from minority investments in few road projects, large Ports, Water treatment Plants, Metro, Airport, etc. The company has also seen the full cycle in the life of an Infrastructure asset by completing the Concession period in few road projects and then transferring them back to Authority.
Two decades of extensive experience of working with governments, multi-lateral agencies, international and domestic financial institutions and corporate entities has helped the business to develop proven competencies in viability Assessment, Financial Closure, Project Management, Operations & Maintenance and Portfolio Management of Infrastructure Assets across various sectors.
The Canada Pension Plan Investment Board (CPPIB) made substantial financial investments in L&T IDPL in two investment tranches, in December 2014 and December 2015, respectively. This is the first direct private investment by the largest Canadian pension fund into an Indian Infrastructure Development company. Effective March 2020, L&T is a 51% equity shareholder and CPPIB is a 49% equity shareholder in L&T IDPL.
The Company strives to be the benchmark in asset development and management and as a testimony have been consistently receiving the National Highways Excellence Awards from the Ministry of Road Transport & Highways (MORTH), Government of India instituted to recognize the country’s best performing road assets and toll plazas (5 assets in FY 19 and 6 assets in FY 20). There is continuous focus on CSR under the SOWO brand and in FY 20, SPVs of the Company were able to reach out to almost 50,000 beneficiaries.