+
IL&FS to Sell Road Assets Amid InvIT Transfer Hurdles
ROADS & HIGHWAYS

IL&FS to Sell Road Assets Amid InvIT Transfer Hurdles

Infrastructure Leasing & Financial Services (IL&FS) is considering the sale of some of its road assets as its planned transfer to Infrastructure Investment Trust (InvIT) faces hurdles. The company is looking to offload its road projects to tackle financial difficulties.

IL&FS had announced a plan to transfer nine operational road assets to InvITs, in an effort to stave off bankruptcy. However, the transfer process has been delayed due to regulatory approvals and procedural challenges faced by the company.

The company is now considering selling some of its road assets to generate funds and address its mounting debt. This move is seen as an alternative to the InvIT transfer, which has hit roadblocks.

IL&FS' plan to sell road assets comes as the company aims to streamline its operations and overcome its financial crisis. The company has been grappling with a mounting debt of over INR 90,000 crore ($12.6 billion), which has led to a default in payments and a downgrade in its credit ratings.

The sale of road assets would provide IL&FS with an immediate infusion of funds, enabling it to meet its debt obligations. This would be a critical step in the company's efforts to stabilize its financial position and regain investor confidence.

IL&FS has a significant portfolio of road projects across India, including several major highways and expressways. The potential sale of these assets is expected to attract interest from infrastructure developers and investors looking to expand their presence in the Indian market.

However, the sale of road assets might not be a straightforward process, as IL&FS will need to navigate various challenges. These challenges include regulatory hurdles, legal complexities, and pricing negotiations, among others.

IL&FS is in discussions with potential buyers for its road assets, including domestic and international investors. The company aims to strike deals that would provide the best value and maximize the recovery of funds.

The sale of road assets is part of IL&FS' broader plans to restructure its operations and repay its outstanding debts. The company is also exploring other options, including asset monetization, debt restructuring, and equity infusion.

As IL&FS continues its efforts to overcome its financial crisis, the sale of road assets could prove to be a crucial step towards its recovery. The company needs to address its debt burden and restore confidence in its operations to regain stability in the market.

Infrastructure Leasing & Financial Services (IL&FS) is considering the sale of some of its road assets as its planned transfer to Infrastructure Investment Trust (InvIT) faces hurdles. The company is looking to offload its road projects to tackle financial difficulties. IL&FS had announced a plan to transfer nine operational road assets to InvITs, in an effort to stave off bankruptcy. However, the transfer process has been delayed due to regulatory approvals and procedural challenges faced by the company. The company is now considering selling some of its road assets to generate funds and address its mounting debt. This move is seen as an alternative to the InvIT transfer, which has hit roadblocks. IL&FS' plan to sell road assets comes as the company aims to streamline its operations and overcome its financial crisis. The company has been grappling with a mounting debt of over INR 90,000 crore ($12.6 billion), which has led to a default in payments and a downgrade in its credit ratings. The sale of road assets would provide IL&FS with an immediate infusion of funds, enabling it to meet its debt obligations. This would be a critical step in the company's efforts to stabilize its financial position and regain investor confidence. IL&FS has a significant portfolio of road projects across India, including several major highways and expressways. The potential sale of these assets is expected to attract interest from infrastructure developers and investors looking to expand their presence in the Indian market. However, the sale of road assets might not be a straightforward process, as IL&FS will need to navigate various challenges. These challenges include regulatory hurdles, legal complexities, and pricing negotiations, among others. IL&FS is in discussions with potential buyers for its road assets, including domestic and international investors. The company aims to strike deals that would provide the best value and maximize the recovery of funds. The sale of road assets is part of IL&FS' broader plans to restructure its operations and repay its outstanding debts. The company is also exploring other options, including asset monetization, debt restructuring, and equity infusion. As IL&FS continues its efforts to overcome its financial crisis, the sale of road assets could prove to be a crucial step towards its recovery. The company needs to address its debt burden and restore confidence in its operations to regain stability in the market.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?