L&T projects to Edelweiss fund for Rs 7000 crore

26 Jul 2022 CW Team

Alternative Asset Advisors was valued at their company at Rs 7,000 crore. The National Highways Authority of India (NHAI) and the Securities and Exchange Board of India (Sebi) must yet approve the transaction before it can be made public. One asset for power transmission is also included in the sale.

The sale is a component of L&T's asset-light strategy, which has already seen the corporation sell off a number of non-core assets. Concessions held by L&T Infrastructure Development Projects Ltd (L&T IDPL) were also included in that list. Sekura Roads and Sekura Energy are the two operating platforms for the Edelweiss infrastructure fund.

IndInfravit Trust, an infrastructure investment trust (InvIT) that L&T IDPL floated in 2018, attracted important unit holders Allianz Capital Partners, Canada Pension Plan Investment Board, and OMERS Infrastructure. Currently, IndInfravit owns a portfolio of 13 functioning road concessions in five states totaling around 5,000 lane kilometres.

Also read:
L&T Realty develop projects worth Rs 80 bn in Mumbai
L&T Realty signs three cooperative agreements in Mumbai

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..