Raajmarg InvIT reports total assets of ₹9,736.88 crore in FY26
Raajmarg Infra Investment Trust reported total assets of ₹9,736.88 crore and total equity of ₹5,973.21 crore as of 31 March 2026. The Trust listed on 24 March 2026 and secured AAA ratings from CARE and India Ratings.

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Raajmarg Infra Investment Trust reported total assets of ₹9,736.88 crore and total equity of ₹5,973.21 crore as of 31 March 2026. The Trust, which listed its units on BSE and NSE on 24 March 2026, secured the highest domestic credit ratings of AAA with a Stable outlook from both CARE Ratings and India Ratings & Research.
During the financial year 2025-26, the Trust raised ₹6,000 crore through its public issue. The proceeds were utilized to acquire five operational toll road assets with an enterprise value of approximately ₹9,500 crore. The assets, located across Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, span approximately 260 km and form part of the Golden Quadrilateral network.
The Trust secured a term loan facility of ₹4,067.00 crore from Punjab National Bank, of which ₹3,733.07 crore was disbursed. The facility carries an interest rate of 6.75% per annum and is repayable in 52 quarterly instalments from 30 June 2026 to 31 March 2039.
Financial Highlights
| Metric | Amount (₹ crore) |
|---|---|
| Total Assets | 9,736.88 |
| Total Equity | 5,973.21 |
| Public Issue Proceeds | 6,000.00 |
| Term Loan Sanctioned | 4,067.00 |
| Term Loan Disbursed | 3,733.07 |
Asset Portfolio
The Trust’s initial portfolio comprises five toll road projects held through its wholly owned Project SPV, Raajmarg 1 Projects Private Limited. The projects were handed over on 1 April 2026 for a concession period of 15 years.
| Road Section | State | Length (km) |
|---|---|---|
| Gorhar to Barwa Adda | Jharkhand | 80.522 |
| Chilakaluripet–Vijayawada | Andhra Pradesh | 69.408 |
| Chennai Bypass | Tamil Nadu | 32.600 |
| Chennai–Tada | Tamil Nadu | 33.000 |
| Neelmangla–Tumkur | Karnataka | 44.668 |
Credit Ratings
CARE Ratings Limited and India Ratings & Research reaffirmed the Trust’s Issuer Rating and Long-Term Bank Facilities rating at ‘Care AAA/Stable’ and ‘IND AAA/Stable’ respectively.
Historical Stock Returns for Raajmarg Infra Investment Trust
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.02% | +1.67% | +4.87% | +8.91% | +8.91% | +8.91% |
What is the Trust's strategy for acquiring additional assets to diversify its portfolio beyond the initial five toll roads?
How will the Trust manage interest rate risk over the 13-year repayment period given the current fixed rate of 6.75%?
What are the projected traffic volume growth rates for the Golden Quadrilateral assets, and how might economic fluctuations impact toll revenue?

























