Road Assets

The acquisition of these three road assets increases the average life span of IRB InvITs asset portfolio from 14 years to 17 years

Road developers set to gain from NHAI’s asset monetisation push

Monetising road assets through TOT and the rising FASTag collections could help garner funds for NHAI’s new projects

PNC Infratech sells 12 road assets to Highways Infrastructure Trust for over Rs 9,000 crore

Yogesh Jain, MD, PNC Infratech Limited, described it as one of the most substantial transactions in terms of value within the Indian roads sector.

Monetising of HAM road assets gains visibility

With interest rates moving up, valuations of HAM assets are turning more attractive

IL&FS transfers two more road assets worth Rs 976 crore to Roadstar Invit

The infrastructure sector finance firm which went under insolvency in September 2018 still has four more road special purpose vehicles (SPVs) with an aggregate enterprise value of Rs 5,274 crore.

L&T aims to sign agreement to divest stake in road assets arm by December: CFO R Shankar Raman

As part of its five-year strategic plan ‘Lakshya 26’ the company is looking to divest its investment in few non-core areas, which includes road concessions and power business as well as capital restructuring and minimizing its stake in Hyderabad Metro.

L&T optimistic about meeting 15% growth guidance for revenue and order inflow in FY23

The company’s management said the October quarter saw high order execution and robust order inflow which resulted in its highest-ever order book at Rs 372,381 crore in October end.

Silver Point, partner Acre declared highest bidder for IVRCL Chengapalli Tollways loans

The partners offered Rs 624 crore for loans of Rs 804 crore. In addition, the successful bidder must pay Rs 315 crore in deferred premium to the National Highways Authority of India

Welspun exploring investment from Canadian investment fund in road projects: Report

Welspun Enterprises has been scouting for investors for its existing road projects while looking to acquire projects struggling due to funding and other issues.

20 road developers exit projects worth Rs 12,327 crore in 2 years

Sponsors in around 20 road assets involving a total cost of Rs 12,327 crore have monetised their assets as against around Rs 7,000 crore in the preceding 50 months, says a report by domestic agency Icra.

Gayatri Projects to conclude BOT assets' demerger by FY17 end

The company recently concluded the construction of a 1320-MW thermal power plant in Andhra Pradesh and its overall power portfolio now aggregates 2,640 MW.

Reliance Infra likely to divest its road assets: Sources

Reliance Infra has made clarification to the exchanges that it cannot disclose the names of the bidders involved but is in advanced stages to sell off its road assets.

Gayatri Projects considering selling entire road portfolio

Gayatri Projects has decided to sell its entire road business, and is in talks with interested players, though nothing has concluded yet, the company's MD, TV Sandeep Reddy, told CNBC-TV18.

To be debt free by Mar'17; cement biz sale by Dec:Rel Infra

Lalit Jalan says Reliance Infrastructre will focus on defence, and expects the company to be debt free by March 2017. The company will also look for opportunities in the EPC space, Jalan says.

GMR may sell road assets to Malaysia's Khazanah: Sources

GMR Infra is keen to monetise assets at the right time to not only clean the balance sheet but to also re-deploy funds in ongoing projects.

GMR Infra in talks to sell $200 mn in road assets

GMR Infrastructure is in talks to sell USD 200 million in road assets, reports CNBC-TV18, quoting Reuters.