NCC to sell BOT assets to bring down debts

Hyderabad-based NCC (NCCL) is planning to sell some of its build, operate and transfer (BOT) assets and other properties, including land parcels, in order to reduce company’s debts. These BOT assets consist of five road projects, which have commenced commercial operations. With this initiative, it aims to garner around Rs 2,225 crore of funds.

Further, the infrastructure development company is in talks with potential buyers for the sale of two toll projects located in western Uttar Pradesh and Karnataka and expecting the sale proceeds to be Rs 200-250 crore. It has also reportedly decided to exit from the two joint venture power projects.