IRB Infra gets NHAI nod for transferring project to InvIT
ROADS & HIGHWAYS

IRB Infra gets NHAI nod for transferring project to InvIT

IRB Infrastructure Developers Ltd said this week that it has received approval from the National Highways Authority of India (NHAI) to transfer its subsidiary Vadodara Kim Expressway Project to he IRB InvIT Fund, a publicly offered and listed infrastructure investment trust (InvIT) fund sponsored by the company.

IRB Infrastructure said having received the permission, it will now complete the transfer process and will also receive full consideration of Rs 3.42 billion.

The move will result in a consolidated debt reduction of Rs 9.55 billion. Last month, IRB Infra announced that it had executed a share purchase agreement and other ancillary agreements for the transfer of the Vadodara-Kim Expressway Project to the IRB InvIT Fund.

The Vadodara-Kim stretch, which is part of the Delhi-Mumbai Expressway, is 23.74 km long and has a project cost outlay of Rs 20.94 billion.

In June this year, the company mentioned that the Vadodara-Kim expressway project offered meaningful cashflow visibility of over 15 years to the public InvIT. The transaction will free cash for IRB to fund its future project pipeline.

See also:
IIFCL aims to sanction Rs 300 bn infra loans this fiscal
Karnataka floats tenders for Chandapura Lake clean-up


IRB Infrastructure Developers Ltd said this week that it has received approval from the National Highways Authority of India (NHAI) to transfer its subsidiary Vadodara Kim Expressway Project to he IRB InvIT Fund, a publicly offered and listed infrastructure investment trust (InvIT) fund sponsored by the company. IRB Infrastructure said having received the permission, it will now complete the transfer process and will also receive full consideration of Rs 3.42 billion. The move will result in a consolidated debt reduction of Rs 9.55 billion. Last month, IRB Infra announced that it had executed a share purchase agreement and other ancillary agreements for the transfer of the Vadodara-Kim Expressway Project to the IRB InvIT Fund. The Vadodara-Kim stretch, which is part of the Delhi-Mumbai Expressway, is 23.74 km long and has a project cost outlay of Rs 20.94 billion. In June this year, the company mentioned that the Vadodara-Kim expressway project offered meaningful cashflow visibility of over 15 years to the public InvIT. The transaction will free cash for IRB to fund its future project pipeline. See also: IIFCL aims to sanction Rs 300 bn infra loans this fiscal Karnataka floats tenders for Chandapura Lake clean-up

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?