+
Welspun sells off six road projects to UK’s Actis PE
ROADS & HIGHWAYS

Welspun sells off six road projects to UK’s Actis PE

Welspun Enterprises has sold six operational road projects to Actis Private Equity for an enterprise value of Rs 60 billion, including liabilities, as it seeks to focus on the most competitive parts of its business portfolio.

Welspun’s deal with UK’s Actis covered two highway projects in Maharashtra, two in Uttar Pradesh linking to Uttarakhand, and two in Delhi. Five of the six toll roads have a hybrid annuity model, where the concessionaire gets a fixed pay-out from the National Highways Authority of India (NHAI).

The enterprise value of the six highway projects included a debt of Rs 36.27 billion and equity of Rs 23.73 billion. However, it did not include construction-linked milestone payments of Rs 30 billion received/receivable from NHAI and the Public Works Department (PWD) of Maharashtra. So, the six road projects sold by Welspun were valued at Rs 90 billion.

Including this deal, the Welspun Group, led by B K Goenka, has monetised assets worth Rs 190 billion in eight years. It is also evaluating the sale of its oil and gas business as part of its rejig strategy.

Welspun is left with two under-construction road projects, one in Tamil Nadu and the other in Bihar. Actis has the right of first refusal of these two assets as and when Welspun decides to sell them. The two projects entail a total cost of Rs 39 billion.

See also:
Mumbai Coastal Road Project is 67% done
Nitin Gadkari approves four-laning of NH-753L


Welspun Enterprises has sold six operational road projects to Actis Private Equity for an enterprise value of Rs 60 billion, including liabilities, as it seeks to focus on the most competitive parts of its business portfolio. Welspun’s deal with UK’s Actis covered two highway projects in Maharashtra, two in Uttar Pradesh linking to Uttarakhand, and two in Delhi. Five of the six toll roads have a hybrid annuity model, where the concessionaire gets a fixed pay-out from the National Highways Authority of India (NHAI). The enterprise value of the six highway projects included a debt of Rs 36.27 billion and equity of Rs 23.73 billion. However, it did not include construction-linked milestone payments of Rs 30 billion received/receivable from NHAI and the Public Works Department (PWD) of Maharashtra. So, the six road projects sold by Welspun were valued at Rs 90 billion. Including this deal, the Welspun Group, led by B K Goenka, has monetised assets worth Rs 190 billion in eight years. It is also evaluating the sale of its oil and gas business as part of its rejig strategy. Welspun is left with two under-construction road projects, one in Tamil Nadu and the other in Bihar. Actis has the right of first refusal of these two assets as and when Welspun decides to sell them. The two projects entail a total cost of Rs 39 billion. See also: Mumbai Coastal Road Project is 67% doneNitin Gadkari approves four-laning of NH-753L

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?