TRIL plans to buy 3 completed toll road projects

Though the biggest corporate developers of road projects, such as Anil Ambani- led Reliance Infrastructure, Madhucon Projects and GMR Infrastructure look to unload controlling stakes in select toll road projects, Tata Realty and Infrastructure (TRIL), the real estate arm of the $100 billion Tata group, is in talks with some of these developers to purchase three constructed toll road projects.

A top official of the Tata company said that the company has been approached by a number of developers with as many as 30-odd road projects in which the firms want to divest their stake. The company is in talks to acquire three road projects for an aggregate cost of around Rs 600 crore. TRIL is a wholly owned subsidiary of Tata Sons the principal holding company of the steel-to-trucks conglomerate.

Industry experts said the strategy of acquiring is already completed and operating toll road projects would help the company build a portfolio of road projects.