Arisinfra Solutions is exploring opportunities to enter India's substantial asphalt market, which is valued at over ₹35,000 crores. This potential market entry represents a significant business development for the company as it considers expansion into the infrastructure materials sector.

Market Opportunity Assessment

The company's interest in the asphalt market comes at a time when India's infrastructure sector continues to experience robust growth. The asphalt market, valued at over ₹35,000 crores, presents substantial opportunities for companies looking to establish or expand their presence in construction materials.

Strategic Business Development

Arisinfra Solutions' exploration of this market segment indicates the company's strategic approach to identifying growth opportunities in India's expanding infrastructure landscape. The asphalt market serves as a critical component of road construction and maintenance projects across the country.

Infrastructure Sector Alignment

The potential entry into the asphalt market aligns with India's ongoing infrastructure development initiatives and the continuous demand for road construction materials. This market exploration demonstrates Arisinfra Solutions' focus on sectors that support the country's infrastructure growth trajectory.

Aris Infra Solutions Limited has announced signing a strategic Memorandum of Understanding (MoU) with JS Infra Solutions to explore collaboration opportunities in India's asphalt and road infrastructure materials ecosystem. The announcement was made through a press release, filed under Regulation 30 of SEBI listing requirements.

Market Opportunity and Scale

India's asphalt market presents significant growth potential, anchored by substantial bitumen demand and one of the world's largest road networks. The market fundamentals demonstrate strong underlying demand drivers.

This growth trajectory is supported by sustained investments in highways, metro corridors, urban roads, and periodic resurfacing cycles across India's extensive infrastructure network.

Strategic Partnership Framework

The MoU establishes a framework for assessing collaboration feasibility, with initial focus on the Mumbai region—one of India's most demanding infrastructure markets. The partnership model is designed to be replicable across other infrastructure-intensive regions, subject to feasibility and performance validation.

The proposed collaboration combines complementary strengths:

• JS Infra Solutions: On-ground execution capability and regional market presence
• Aris Infra Solutions: Operating infrastructure, sourcing capabilities, and technology-enabled coordination systems
• Strategic Approach: Asset-light, partnership-driven model for the asphalt segment

Partner Profile and Capabilities

JS Infra Solutions operates as one of the top ten asphalt producers in the Mumbai region, bringing substantial execution experience across complex infrastructure projects. The company's operational expertise spans arterial roads, metro-linked infrastructure, flyovers, and dense urban corridors, serving leading EPC contractors and infrastructure developers.

Management Commentary

Ronak Morbia, Chairman & Managing Director of Aris Infra Solutions Limited, commented on the strategic rationale: "Road infrastructure in India is entering a phase where execution quality and operating discipline matter as much as material supply. This MoU allows us to evaluate the asphalt segment through a partnership-led, asset-light approach, aligned with how we build scalable and profitable execution ecosystems."

Pinal Kothari, Owner of JS Infra Solutions, highlighted the collaboration potential: "We have built strong execution capabilities in some of India's most complex urban infrastructure environments. Exploring a collaboration with Aris Infra allows us to assess how operating systems, sourcing scale, and execution experience can come together in a structured and scalable manner."

Implementation and Regulatory Framework

The MoU represents an initial assessment phase, with any definitive arrangements subject to comprehensive approval processes. Future developments will require execution of definitive agreements, Board of Directors approval, and receipt of applicable statutory and regulatory approvals. Currently, there is no binding obligation or capital commitment on either party at this evaluation stage.

The strategic initiative reflects Aris Infra Solutions' approach to expanding its construction materials supply and services network through partnership-driven models, targeting scalable entry into high-potential market segments within India's infrastructure ecosystem.