- CEO
- Vinay Chandramouli Sekar
- Sector
- Miscellaneous
- Industry
- Investment trusts
- Address
- New Delhi India
- IPO Date
- Apr 19, 2023
- Business
- Cube Highways Trust is an India-based infrastructure investment trust engaged in the acquisition, ownership, operation, management, and maintenance of toll and annuity road and highway infrastructure assets across India. The Trust operates through a diversified portfolio of operational highway concessions established under public-private partnership frameworks with the National Highways Authority of India and state governments. Its core offerings and operational services include the operation and management of Build-Operate-Transfer toll highway concessions; the administration of Build-Operate-Transfer annuity and Hybrid Annuity Model road projects; electronic toll collection systems and multi-lane toll plaza operations integrated with FASTag; highway pavement preservation, periodic overlay, and roadway corridor lifecycle management; intelligent transportation systems and advanced traffic management systems, including closed-circuit television monitoring, dynamic message signage, and automated incident detection; round-the-clock route patrolling, vehicle towing, breakdown assistance, and emergency medical response services; and the development and leasing of wayside amenities, including traveler rest stops, fueling stations, and food courts. Geographically, the Trust manages highway corridors spanning thousands of lane kilometers across key transit routes in India, covering Andhra Pradesh, Bihar, Haryana, Karnataka, Kerala, Maharashtra, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal. Established in 2021 and registered with the Securities and Exchange Board of India in 2022, Cube Highways Trust is headquartered in New Delhi, India, sponsored by Cube Highways and Infrastructure V Pte. Ltd., backed by institutional investors including I Squared Capital, Abu Dhabi Investment Authority, British Columbia Investment Management Corporation, and Mubadala Investment Company, and managed by Cube Highways Fund Advisors Private Limited. In recent developments, the Trust expanded its investor base by listing its units for public trading on the National Stock Exchange of India and BSE Limited under the ticker CUBEINVIT; strengthened its revenue stability through the strategic acquisition of operational annuity and hybrid annuity road portfolios, including highway assets acquired from the National Investment and Infrastructure Fund; executed multi-tranche issuances of AAA-rated non-convertible debentures to refinance high-cost debt and lower its aggregate borrowing costs; and deployed AI-enabled road condition monitoring, drone-based corridor inspections, and centralized operational control centers across its national highway portfolio.