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Led by its Chief Executive J Subramanian, IndInfravit has acquired nine operational road assets of Sadbhav Infrastructure Projects at a whopping Rs.66.10 billion.

2.L&T acquires power transmission assets

L&T Infrastructure Development Projects reportedly aims to expand its power transmission portfolio by bidding for new projects and acquiring brownfield assets.

3.L&T to raise Rs 2,500 cr for IDPL road portfolio

Engineering major Larsen & Toubro is exploring an option to raise between Rs 2,000 crore - Rs 2,500 crore by clubbing operational road projects of its infrastructure development arm L&T IDPL into a separate entity which could be listed overseas through a business trust model. This proposal was separately mooted by a European as well as a Japanese bank to the company. This new idea is based on the increasing popularity of the model amongst global financial investors who are scouting for high qual

4.Leading firms eye rail corridor project

Leading infrastructure companies such as L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra and CAF South Africa are eyeing the Rs 21,147 crore Mumbai elevated rail corridor project. The railways seeks to implement the the 60 km corridor project on the PPP model.

5.L&T achieves financial closure for its Maha road projects

For two of its road projects in Maharashtra, L&T Infrastructure Development Projects (L&T IDPL), a subsidiary of Larsen & Toubro Ltd, and one of the pioneers in infrastructure development in India, has achieved financial closure on November 30.

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