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GVK Power mulling to sell stake in road assets: Report

27 Jan 2014 Evaluate

GVK Power & Infrastructure is reportedly mulling to sell stake in its road assets. In this regard, the company has hired bankers to evaluate valuation of road assets. PE players including Macquarie and SBI have expressed interest to buy stake in the company’s road projects.

The company will sell stake in two of its road projects Jaipur-Kishangarh project in Rajasthan and Bagodara-Vasad Project in Gujarat. With sale of these two road projects, the company may raise upto Rs 12,000 crore.

GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.

Peers
Company Name CMP
NTPC 314.10
Tata Power 349.30
Adani Power 196.30
Power Grid Corpn. 250.00
Adani Energy Solut. 1352.70
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