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ArisInfra Evaluates Entry into India’s ₹35,000+ Crore Asphalt Market

Arisinfra Solutions Limited (BSE: 544419 | NSE: ARISINFRA), a leading tech-enabled supply and services network for India’s construction and real estate sectors, has announced the signing of a strategic Memorandum of Understanding (MoU) with JS Infra Solutions to evaluate a collaboration in the asphalt and road infrastructure materials ecosystem.

India’s asphalt market, anchored by strong bitumen demand, is estimated at over ₹35,000 crore with annual consumption of approximately 9 million tonnes. Industry projections indicate that demand could scale to nearly 31 million tonnes in the coming years, supported by India’s 6.6-million-kilometre road network—the largest in the world—and sustained investments in highways, metro corridors, urban roads, and resurfacing projects.

While demand remains robust, value creation in the asphalt segment is increasingly driven by execution capabilities rather than supply alone. The sector continues to be fragmented, with limited operators capable of delivering consistent quality and scale across complex urban and inter-city infrastructure environments.

JS Infra Solutions operates within this execution layer and is among the top ten asphalt producers in the Mumbai region, with experience across arterial roads, metro-linked infrastructure, flyovers, and dense urban corridors, serving leading EPC contractors and infrastructure developers.

Under the MoU, ArisInfra and JS Infra will assess the feasibility of collaboration with an initial focus on the Mumbai region—one of India’s most demanding infrastructure markets. Any proposed model is intended to be scalable and replicable across other infrastructure-intensive regions, subject to feasibility and performance benchmarks.

The proposed framework aims to combine JS Infra’s on-ground execution expertise with ArisInfra’s operating infrastructure, sourcing capabilities, and technology-enabled coordination systems, adopting an asset-light, partnership-driven approach to the asphalt segment.

Commenting on the development, Ronak Morbia, Chairman & Managing Director of 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 execution of definitive agreements, board approvals, and applicable statutory and regulatory clearances. At this stage, there is no binding obligation or capital commitment by either party.
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