Firms in race for Reliance Infra's 8 road projects

11 Oct 2023 CW Team

Reliance Infrastructure is in advanced discussions to divest its entire road portfolio, comprising eight strategic road projects spanning across various states with a combined length of approximately 658 kilometers. The enterprise valuation of these assets is estimated at Rs 6,000 crore, according to information provided by a banker familiar with the matter. The finalization of this transaction is expected to be completed by the end of the current month, and it is poised to have a substantial impact on Reliance Infrastructure's financial standing.

The consolidation of this sale is projected to reduce the company's consolidated debt by over 40%, decreasing it from the March figure of Rs 14,500 crore to an estimated Rs 8,500 crore. The portfolio of road projects marked for divestment includes several significant assets, such as the 88.27-kilometer Trichy-Dindigul road, the 136.36-kilometer Salem-Ulundurpet road, the 66.185-kilometer Gurgaon-Faridabad road, the 79.95-kilometer Trichy-Karur road, the 53.325-kilometer Dindigul-Samayanallur road, the 59.87-kilometer Hosur-Krishnagiri road, the 140.35-kilometer four-lane road project connecting Pune and Satara, and the 33.48-kilometer Namakkal-Karur highway project.

This strategic move is expected to significantly reshape Reliance Infrastructure's financial landscape and streamline its focus on core business activities.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..