L&T to sell 8 roads, transmission project to Edelweiss
ECONOMY & POLICY

L&T to sell 8 roads, transmission project to Edelweiss

Larsen & Toubro (L&T) is planning to sell eight operational road assets that the company built and operated to Edelweiss Infrastructure Yield Plus, an infrastructure fund managed by Edelweiss Alternative Asset Advisors. The total valuation is Rs 7,000 crore. The transaction was signed earlier this month and is awaiting regulatory approvals from the National Highways Authority of India (NHAI) and the Securities and Exchange Board of India (Sebi), they added. The transaction also includes one power transmission asset.

The divestment is part of L&T’s asset-light strategy, which has seen the company exit several non-core assets. The L&T Infrastructure Development Projects Ltd (L&T IDPL) concessions have also been part of that list. The Edelweiss infrastructure fund has two operating platforms -- Sekura Roads and Sekura Energy. Both are being used as vehicles for this buyout. The equity value of the road concessions and power transmission project stands at Rs 3,000 crore.

L&T’s road and power transmission assets are housed in 51:49% subsidiary L&T IDPL. Canadian pension fund Canada Pension Plan Investment Board (CPPIB) is the 49% partner in the arm.

Larsen & Toubro (L&T) is planning to sell eight operational road assets that the company built and operated to Edelweiss Infrastructure Yield Plus, an infrastructure fund managed by Edelweiss Alternative Asset Advisors. The total valuation is Rs 7,000 crore. The transaction was signed earlier this month and is awaiting regulatory approvals from the National Highways Authority of India (NHAI) and the Securities and Exchange Board of India (Sebi), they added. The transaction also includes one power transmission asset. The divestment is part of L&T’s asset-light strategy, which has seen the company exit several non-core assets. The L&T Infrastructure Development Projects Ltd (L&T IDPL) concessions have also been part of that list. The Edelweiss infrastructure fund has two operating platforms -- Sekura Roads and Sekura Energy. Both are being used as vehicles for this buyout. The equity value of the road concessions and power transmission project stands at Rs 3,000 crore. L&T’s road and power transmission assets are housed in 51:49% subsidiary L&T IDPL. Canadian pension fund Canada Pension Plan Investment Board (CPPIB) is the 49% partner in the arm.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?