Kalpataru Projects Sells Vindhyachal Expressway to Actis for Rs 7.75 Bn

20 Jan 2026 CW Team

VEPL is a special purpose vehicle established to develop and operate an 89.30-km four-lane highway connecting Rewa to Hanumana on the Madhya Pradesh–Uttar Pradesh border along National Highway-7. The project was awarded by the Madhya Pradesh Road Development Corporation (MPRDC) under the design, build, finance, operate and transfer (DBFOT) model on a toll basis.

The concession agreement between VEPL and MPRDC was signed in January 2012, with toll operations commencing in February 2015. The expressway has since been a key connectivity corridor in the region, supporting passenger and freight movement between eastern Madhya Pradesh and adjoining parts of Uttar Pradesh.

KPIL said the divestment aligns with its strategy of unlocking value from operational infrastructure assets while sharpening its focus on core engineering, procurement and construction (EPC) activities. The company has previously divested transmission assets as part of a broader portfolio optimisation exercise.

Commenting on the transaction, Manish Mohnot, Managing Director and Chief Executive Officer, Kalpataru Projects International, said the sale marked a landmark moment for the company. “Manish Mohnot, MD & CEO, KPIL, said the transaction reflects the company’s proven capability to develop, operate and successfully divest long-term infrastructure assets,” the statement said. He added that the move was consistent with KPIL’s strategy to monetise non-core assets while reinvesting in its core EPC businesses to accelerate growth and improve returns.

Equirus Capital Private acted as transaction advisor to KPIL, while Khaitan & Co served as its legal advisor. Anangram Partners advised Actis on the transaction. KPIL is among India’s leading EPC companies, with operations spanning power transmission and distribution, buildings and factories, water and irrigation, railways, oil and gas pipelines, urban mobility, highways and airports.

News source: Money Rediff

Kalpataru Projects International (KPIL) has completed the sale of its 100 per cent equity stake in Vindhyachal Expressway (VEPL) to global infrastructure investor Actis for an enterprise value of Rs 7.75 billion. The company said definitive agreements for the transaction were executed on October 9, 2024, subject to customary closing adjustments.VEPL is a special purpose vehicle established to develop and operate an 89.30-km four-lane highway connecting Rewa to Hanumana on the Madhya Pradesh–Uttar Pradesh border along National Highway-7. The project was awarded by the Madhya Pradesh Road Development Corporation (MPRDC) under the design, build, finance, operate and transfer (DBFOT) model on a toll basis.The concession agreement between VEPL and MPRDC was signed in January 2012, with toll operations commencing in February 2015. The expressway has since been a key connectivity corridor in the region, supporting passenger and freight movement between eastern Madhya Pradesh and adjoining parts of Uttar Pradesh.KPIL said the divestment aligns with its strategy of unlocking value from operational infrastructure assets while sharpening its focus on core engineering, procurement and construction (EPC) activities. The company has previously divested transmission assets as part of a broader portfolio optimisation exercise.Commenting on the transaction, Manish Mohnot, Managing Director and Chief Executive Officer, Kalpataru Projects International, said the sale marked a landmark moment for the company. “Manish Mohnot, MD & CEO, KPIL, said the transaction reflects the company’s proven capability to develop, operate and successfully divest long-term infrastructure assets,” the statement said. He added that the move was consistent with KPIL’s strategy to monetise non-core assets while reinvesting in its core EPC businesses to accelerate growth and improve returns.Equirus Capital Private acted as transaction advisor to KPIL, while Khaitan & Co served as its legal advisor. Anangram Partners advised Actis on the transaction. KPIL is among India’s leading EPC companies, with operations spanning power transmission and distribution, buildings and factories, water and irrigation, railways, oil and gas pipelines, urban mobility, highways and airports.News source: Money Rediff

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Real Estate

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Real Estate

06 Apr 2026

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..