IVRCL, construction and EPC major is planning to churn its income-generating assets portfolio, including toll ways, to trim down its debt, which stands at Rs 2,400 crore at present. Earlier company had announced the plans to restructure its business.
The company is going to sell stake in some of the road assets, including toll ways, exiting some large water treatment projects or even inducting strategic investors. Several investors and construction companies have evinced interest in partnering the company.
In Chennai company has five major revenue generating projects three of them toll ways, a large water treatment project and a self-funded golf course project. All of them are income-generating, barring the Golf project, where a Kotak arm is a strategic partner. By divesting stake, company will be able to bring down the debt burden by about a third.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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