VINCI Highways, a subsidiary of VINCI Concessions, signed an agreement to acquire a 51% stake in the company “HKR Roadways Limited”, which holds a contract ending in 2041 with the Telangana state government for the concession to the SH1 highway.

VINCI Highways plans to invest approximately EUR 40 million (US$ 44.6 million) in equity for this transaction. The highway, commissioned in 2014, serves as a crucial link covering 206 km across Telangana, connecting Hyderabad to the northeastern part of the state. This acquisition is a collaboration with Global Infrastructure Partners (GIP), with VINCI Highways and GIP holding 51% and 49%, respectively, in the concession company. The acquisition is anticipated to be completed by the end of 2024, pending approval from the appropriate authorities.