MoneyWorks4Me

IVRCL to sell stake in Chennai Water Desalination: Report

03 Apr 2013 Evaluate

IVRCL is reportedly planning to sell stake in its arm Chennai Water Desalination. The company will complete the stake sale in its subsidiary within six month. It holds 90% stake in the Chennai Water Desalination.

Recently, the company signed a Definitive Agreements with the TRIL Roads (TRPL) to divest its stake in Salem Tollways (STL), Kumarapalayam Tollways (KTL) and IVRCL Chengapally Tollways (ICTL) with the total project cost of Rs 2,200 crore.

Peers
Company Name CMP
Larsen & Toubro 3699.00
Kalpataru Projects 1456.60
NCC 126.90
Rail Vikas Nigam 196.00
KEC International 362.35
View more..