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 Energy

19 Mar 2026

Cabinet Clears Rs 25.85 Billion Small Hydro Scheme

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Small Hydro Power (SHP) Development Scheme for FY 2026–27 to FY 2030–31, with an outlay of Rs 25.85 billion to support installation of around 1,500 MW capacity.The scheme targets projects of 1–25 MW across states, with a focus on hilly and North Eastern regions. Central financial assistance of Rs 36 million per MW or 30 per cent of project cost (capped at Rs 300 million per project) will be provided for North Eastern and border districts. For other states, support will be Rs 24 million per MW or 20 per cent..

Products

19 Mar 2026

Panasonic Launches SIP Video Intercom System

Panasonic Life Solutions India has launched its VL-VQ Series SIP-based IP Video Intercom System, aimed at enhancing security and access management across modern residential developments. Designed for apartments, gated communities and large housing projects, the system offers a three-layered security framework integrating residences, building entrances and central security operations. It combines door stations, lobby display units, room monitors, guard stations and central management software into a unified platform, enabling real-time monitoring and communication. The system supports multipl..

Real Estate

19 Mar 2026

Mindspace REIT Tops Global Environmental Rankings

Mindspace Business Parks REIT has secured the No. 1 global rank for Environmental Performance in the 2025 S&P Global Corporate Sustainability Assessment (CSA) and has been recognised among the top 10 per cent of global performers in the S&P Global Sustainability Yearbook 2026. The REIT achieved the highest Environmental Dimension score of 84, ranking first among 379 global real estate companies. It has also been elevated from a Sustainability Yearbook Member to Industry Distinction 2026, reflecting its position among the top-performing global peers. Mindspace REIT recorded an overall..