NCC to sell select highway assets: Report

17 Apr 2014 Evaluate

In a bid to reduce its debt burden, infrastructure major NCC is reportedly planning to sell select highway assets. IDFC and two funds Squared Capital and Acropolis Capital are in the race for the two highway assets namely, the Meerut-Muzaffarnagar highway and the Bengaluru-elevated expressway.

The company is expecting to garner a combined enterprise value of around Rs 2000 crore for the said assets.

NCC is engaged in development of real estate. The company’s projects stand on credentials of its work in various sectors such as Housing, Transportation, Power, water, Metals and Oil and gas.

NCC Share Price

55.20 1.00 (1.85%)
Jul 01, 18:01 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 1569.55
Rail Vikas Nigam 30.00
KEC International 388.05
NCC 55.20
Ircon International 36.10
View more..