Road Assets

Earlier, during its annual general meeting on September 28, 2024, the company had approved the sale of 12 road assets

The company will also acquire the remaining 34 per cent stake in its unit ACL at an aggregate consideration of Rs 1,526 crore, to make it a wholly owned subsidiary

In May 2021, the highway authority had introduced these provisions for projects where project reports were in progress and land for toll plazas was yet to be acquired

The acquisition of road assets is set to be concluded in the fourth quarter

To retire debt of seven road projects that it will acquire

Two entities of Adani Enterprises Ltd -- Adani Road GRICL Limited (ARGL) and Adani Road Stpl Ltd (ARSL) - will together raise upto Rs 800 crore through non-convertible debentures (NCDs)

The Infrastructure Investment Trust (InvIT) is planning to raise Rs 2,000 crore from investors to acquire two to three road assests from its parent firm

CRISIL expects revenue of road EPC players to grow 10-12 per cent and margin to remain range bound at 13.5-14 per cent

The success of the Centre's recently announced national monetisation pipeline (NMP) plan hinges critically on road assets, rating agency Crisil said on Monday.

The Uttarakhand High Court urged central government to hold a meeting of the Chief Secretaries of Uttarakhand and Uttar Pradesh on September 15

Now the government plans to raise nearly Rs 40,000 crore each year from roads

IL&FS has duly received Rs 1,035 crore (or $141.3 million) in Singapore as part of this stake sale transaction

Senior officials told Business Standard the projects being offered under InvIT would mainly be ones constructed on government-funded or in engineering-procurement-construction mode

IL&FS group companies have been classified between Amber, Red and Green, depending on its cash crunch

The bankrupt Infrastructure Leasing & Financial Services (IL&FS) Tuesday has received 14 binding financial bids worth around Rs 13,000 crore for 10 of its road assets in the country. The 14 bids were opened on September 9, and the board and the advisor are evaluating them, the company said in a statement Tuesday. These 10 road assets account for debt of over Rs 17,700 crore, which is nearly 19 percent of total group debt. IL&FS Group entities continue to hold rights to receive claims with gross value exceeding Rs 1,900 crore, filed with various concession authorities in respect of these assets, it said. These road assets include Jharkhand Infrastructure Implementation Company, Jharkhand Road Projects Implementation Company, Moradabad-Bareily Expressway, Chenani-Nashri Tunnelway, Hazaribagh-Ranchi Expressway and the Jorabat- Shillong Expressway. The others are the Baleshwar-Kharagppur Expressway, Pune-Sholapur Road Development Company, Road Infrastructure ...

Jharkhand Infrastructure Implementation Company is the only green asset that has received a binding bid

Road projects offer steady and, to a large extent, predictable cash flows over a long period