TRIL plans to buy 3 completed toll road projects
ROADS & HIGHWAYS

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.

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.

Next Story
Infrastructure Transport

Lucknow-Mumbai AC Sleeper Vande Bharat Route Finalised First Time

The first AC Sleeper Vande Bharat Express is scheduled to launch between Lucknow and Mumbai, promising a notable enhancement in rail travel by providing speed and comfort that exceed those of Rajdhani and Shatabdi trains. Railway officials have finalized the route, which includes stops at Hardoi, Shahjahanpur, Bareilly, Moradabad, Ghaziabad, Nizamuddin, and Agra, benefiting passengers from various districts in Uttar Pradesh.After conducting months of extensive surveys, the Railways finalized the route for the upcoming Sleeper Vande Bharat Express. The train will start from Lucknow and proceed ..

Next Story
Infrastructure Transport

Western Railway Clears 780 Sq M Encroachment Near Bandra Pipeline

Western Railway, in collaboration with several law enforcement agencies, conducted a significant operation today to reclaim public land on the south-east side of Bandra near the Tansa Pipeline. The large-scale encroachment removal drive involved over 225 personnel and resulted in the clearance of approximately 780 square meters of railway land that had been occupied by unauthorized structures. During the operation, 45 makeshift dwellings constructed from bamboo, tarpaulin, and plastic sheets were dismantled.Western Railway stated that the demolition drive was carried out under tight security, ..

Next Story
Infrastructure Transport

Shree Cement Partners with RITES to Enhance Rail Infrastructure

Shree Cement has entered into a five-year Memorandum of Understanding (MoU) with RITES, a public sector enterprise under the Ministry of Railways, to enhance the cement company's rail infrastructure network. This partnership aims to facilitate efficient and sustainable transportation of raw materials and finished products across Shree Cement’s manufacturing units.According to the agreement, RITES will offer comprehensive services from the initial concept stage through to commissioning, focusing on upgrading, renovating, and establishing new rail connectivity. The company also noted that 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?