IVRCL sells Rs. 2,200 cr highway projects to Tata firm

Infrastructure construction company IVRCL has monetised three highway projects in Tamil Nadu by selling stake to TRIL Roads Private Ltd (TRPL), a Tata group company.
 
This stake sale is part of IVRCL’s strategic business plan to monetise its build, operate and transfer (BOT) road assets. It has signed the definitive agreements with TRPL to divest stake in these three projects. The deal envisages divesting its stake in Salem Tollways Ltd, Kumarapalayam Tollways Ltd and IVRCL Chengapally Tollways Ltd.

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