IVRCL is planning to sell stake in three road projects and Chennai desalination plant, all located in Tamil Nadu by end of this fiscal. This will enable the company to bring down its debt by about Rs 2,500 crore and free up Rs 600-800 crore equity.
IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.