Shrem InvIT to monetise operational roads

05 Sep 2022 CW Team

Shrem InvIT is an infrastructure investment trust floated by Shrem Infrastructure, which will go for public listing in the next 18-24 months after achieving an asset under management (AUM) of $3 billion, or ₹240 billion. The Mumbai-based InvIT company invests in only hybrid annuity model (HAM) projects. It is currently in talks with potential sellers of highway developers for acquisition. Some of these are expected to be concluded before the end of the current fiscal. The Trust, which buys only fully completed projects, acquired 10 highway projects from infrastructure firm Dilip Buildcon in early 2022. Shrem InvIT plans to go for public listing in 1-2 years. They are privately listed on NSE as of now and will go for public listing when they have an AUM of $3 billion.

Also read:
Odisha develops new policy to link construction to water conservation
Reconstruction of 145-year-old Bailey bridge begins

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..