+
L&T projects to Edelweiss fund for Rs 7000 crore
ROADS & HIGHWAYS

L&T projects to Edelweiss fund for Rs 7000 crore

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


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 MumbaiL&T Realty signs three cooperative agreements in Mumbai

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?