Directory
Who's who in InvITs and highways
Regulators, ministries, exchanges, lenders, rating agencies, InvITs and highway developers, with their official links.
Official websites only. Links open on the organisation's own site, which has its own privacy policy. No logos are copied; names are used only to identify each organisation.
Government and highway authorities
Policy, ownership and tolling of national highways.
Ministry of Road Transport and Highways (MoRTH)Highway policy, standards, model concession agreements and fee rules.morth.nic.in ↗MoRTH standard documentsCurrent model concession agreements and bid documents.morth.gov.in ↗National Highways Authority of India (NHAI)Develops and manages national highways; awards EPC, HAM, BOT and TOT contracts.nhai.gov.in ↗NHIDCLHighways in the North-East, border and strategic areas.nhidcl.com ↗IHMCLElectronic tolling: FASTag, annual pass and the Rajmarg Yatra app.ihmcl.co.in ↗NPCI: NETC FASTag statusCheck a FASTag's status on the national switch.www.npci.org.in ↗Indian Roads CongressTechnical codes for highway design and maintenance.irc.nic.in ↗Press Information BureauOfficial press releases from every ministry.www.pib.gov.in ↗
Markets regulators and exchanges
Rules for InvITs and where units trade.
Securities and Exchange Board of India (SEBI)InvIT Regulations, master circulars and investor charter.www.sebi.gov.in ↗SEBI InvIT Regulations, 2014The regulation text on SEBI's website.www.sebi.gov.in ↗Reserve Bank of IndiaBank lending rules, including the Project Finance Directions, 2025.www.rbi.org.in ↗National Stock Exchange (NSE)Quotes, announcements and distribution notices of listed InvITs.www.nseindia.com ↗BSEQuotes and corporate filings.www.bseindia.com ↗NISMSEBI's capacity-building institute; investor education on InvITs.www.nism.ac.in ↗
Tax, company law and professional bodies
Where to read the law and the standards.
Income Tax DepartmentIncome-tax Act, 2025, rules and TDS provisions.www.incometaxindia.gov.in ↗CBIC GSTGST acts, rate notifications and exemptions.cbic-gst.gov.in ↗Ministry of Corporate AffairsCompanies Act and notified Ind AS.www.mca.gov.in ↗India CodeOfficial text of central acts.www.indiacode.nic.in ↗ICAIInd AS guidance and educational material.www.icai.org ↗ICMAIInstitute of Cost Accountants of India.icmai.in ↗IBBIRegistered valuers (InvIT valuations use registered valuers).ibbi.gov.in ↗
Infrastructure lenders and rating agencies
Who funds and rates highway debt.
NaBFIDNational Bank for Financing Infrastructure and Development.nabfid.org ↗IIFCLIndia Infrastructure Finance Company: long-tenor and takeout finance.www.iifcl.in ↗Crisil RatingsRating methodologies for roads and InvITs.www.crisilratings.com ↗ICRAResearch on road monetisation and toll traffic.www.icra.in ↗CARE RatingsHAM and InvIT rating methodologies.www.careratings.com ↗India Ratings and ResearchInfrastructure ratings and outlooks.www.indiaratings.co.in ↗
Listed road InvITs and power InvITs
Official sites where known; otherwise the NSE quote page.
Cube Highways TrustRoad InvIT, publicly listed in 2026.www.cubehighwaystrust.com ↗IRB InvIT FundRoad InvIT sponsored by IRB Infrastructure (NSE: IRBINVIT).www.nseindia.com ↗Bharat Highways InvITRoad InvIT listed in March 2024 (NSE: BHINVIT).www.nseindia.com ↗Capital Infra TrustRoad InvIT listed in January 2025 (NSE: CAPINVIT).www.nseindia.com ↗PowerGrid Infrastructure Investment TrustTransmission InvIT, useful for comparison.www.pginvit.in ↗IndiGridPower transmission InvIT.www.indigrid.co.in ↗
Listed highway developers and EPC companies
Builders and developers of national highways.
Larsen & ToubroIndia's largest EPC company.www.larsentoubro.com ↗IRB Infrastructure DevelopersBOT and TOT developer; sponsor of two InvITs.www.irb.co.in ↗G R InfraprojectsRoad EPC and HAM developer.www.grinfra.com ↗Dilip BuildconRoad and infrastructure EPC.dilipbuildcon.com ↗PNC InfratechHighways EPC and HAM.www.pncinfratech.com ↗Ashoka BuildconRoad EPC and BOT.www.ashokabuildcon.com ↗H.G. Infra EngineeringRoad EPC and HAM.www.hginfra.com ↗KNR ConstructionsRoad and irrigation EPC (NSE: KNRCON).www.nseindia.com ↗