IL&FS plans stake sale for three road assets amidst InvIT setback

26 Dec 2023 CW Team

In a strategic move prompted by the stumbling Infrastructure Investment Trust (InvIT) plan, Infrastructure Leasing and Financial Services (IL&FS) is set to divest stakes in three key road assets. The decision comes as the InvIT initiative faces challenges, pushing IL&FS to explore alternative avenues to raise funds and address financial concerns.

The three road assets targeted for stake sale are pivotal components of IL&FS's infrastructure portfolio. The company's shift in strategy reflects a commitment to financial resilience and adaptability in the face of unforeseen obstacles. By divesting stakes in these assets, IL&FS aims to infuse liquidity and streamline its financial position.

This move aligns with IL&FS's broader restructuring efforts and underscores the dynamic nature of the infrastructure sector. The decision to sell stakes in specific road assets showcases the company's strategic decision-making to navigate financial complexities and continue its mission as a key player in the infrastructure landscape. As IL&FS charts this new course, stakeholders and industry observers will closely watch the unfolding developments and their impact on the company's future trajectory.

Infrastructure Energy

16 Sep 2025

Udangudi Thermal Plant’s First Unit Synced to Grid

The first 660 MW unit of the Udangudi Supercritical Thermal Power Project in Tamil Nadu has finally been synchronised with the grid, marking a long-awaited milestone for the state’s power sector. The project, being developed at a cost of Rs 13,076 crore by Tamil Nadu Power Generation and Distribution Corporation Ltd (TNGPCL), was originally scheduled for commissioning in 2021 but faced repeated delays due to court disputes and the COVID-19 pandemic.The synchronisation took place at 7.56 pm on Thursday, when the unit produced 42 MW during its initial trial run. Officials noted that the plant ..

Kandla Port to Expand Operations Beyond Gujarat

In a strategic shift, Kandla Port, managed by the Deendayal Port Authority (DPA), is preparing to expand its operations beyond Gujarat for the first time. The authority has confirmed that it is exploring opportunities to manage both public and private terminals in Maharashtra and Karnataka.Kandla Port, located in Gujarat’s Kutch district, has traditionally been one of India’s busiest ports, handling more than 150 million tonnes of cargo in the last financial year. About 60 per cent of this was petroleum, oil, and lubricants, while the remainder included timber, food grains, chemicals, and ..

Mumbai Port Seeks Nod to Reclaim Sea at Jawahar Dweep

The Mumbai Port Authority (MbPA) has proposed reclaiming 4.14 hectares of sea at Jawahar Dweep, also known as Butcher Island, to build additional crude oil storage facilities. The proposal, which will be placed before the Maharashtra Coastal Zone Management Authority for clearance, aims to improve turnaround times for ships handling petroleum and chemical cargo.Officials argue that the move is essential, as liquid petroleum and chemicals account for nearly 70 per cent of the port’s cargo. Currently, oil unloaded at Mumbai Port is piped to refineries in Mahul, but limited storage capacity has..