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 Urban

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