+
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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code