ArisInfra Solutions Limited (BSE: ARISINFRA | 544419 | INE0H9P01028), a leading tech‑enabled supply and services network for India’s construction and real estate sectors, has announced the signing of a Memorandum of Understanding (MoU) with JS Infra Solutions to explore collaboration in the asphalt and road infrastructure materials segment.
India’s asphalt market, anchored by bitumen demand, is valued at approximately USD 4.2 billion (₹35,000+ crore), with annual consumption of around 9 million tonnes. Industry estimates project demand to scale to nearly 31 million tonnes in the coming years, supported by India’s 6.6‑million‑kilometre road network—the largest globally— and sustained investments in highways, metro corridors, urban roads, and resurfacing cycles.
Despite strong demand, the sector remains fragmented, with value creation increasingly execution‑led rather than supply‑led. JS Infra Solutions, among the top ten asphalt producers in Mumbai, brings proven execution experience across arterial roads, metro‑linked infrastructure, flyovers, and dense urban corridors, serving leading EPC contractors and developers.
Under the MoU, the companies will initially focus on the Mumbai region, one of India’s most demanding infrastructure markets. The proposed model aims to combine JS Infra’s execution capabilities with ArisInfra’s operating infrastructure, sourcing scale, and technology‑enabled coordination systems, evaluating an asset‑light, partnership‑driven approach that could be replicated across other infrastructure‑intensive regions.
Ronak Morbia, Chairman & Managing Director, ArisInfra Solutions Limited, said: “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, JS Infra Solutions, added: “We have built strong execution capabilities in some of India’s most complex urban infrastructure environments. Exploring a collaboration with ArisInfra allows us to assess how operating systems, sourcing scale, and execution experience can come together in a structured and scalable manner.”
Any definitive arrangement, including a joint venture or partnership structure, will be subject to board approvals, statutory clearances, and execution of binding agreements. At this stage, there is no binding obligation or capital commitment on either party.
