S&R Associates represents IRB Infra in expressway investment
ECONOMY & POLICY

S&R Associates represents IRB Infra in expressway investment

S&R Associates represented IRB Infrastructure Developers in the Rs 21.33 billion investment by IRB and an affiliate of GIC (Singapore’s sovereign wealth fund) in Meerut-Budaun Expressway Ltd (MBEL), which is the concessionaire for a portion of the six-lane Ganga Expressway toll-road project in Uttar Pradesh.

IRB and GIC have subscribed to equity shares aggregating to Rs 5.33 billion in the ratio of 51:49 in MBEL and will subscribe to non-convertible debentures issued by MBEL aggregating to Rs 15.99 billion in multiple tranches linked to certain milestones for funding the project.

The S&R team was led by partners Sandip Bhagat and Pratichi Mishra, and included associates Dhanush Dinesh, Samyak Jain and Oshika Nayak.

See also:
GIC to invest Rs 10 bn in IRB Infra's Ganga Expressway project
Urban highways in Tamil Nadu will be upgraded for Rs 22 billion


S&R Associates represented IRB Infrastructure Developers in the Rs 21.33 billion investment by IRB and an affiliate of GIC (Singapore’s sovereign wealth fund) in Meerut-Budaun Expressway Ltd (MBEL), which is the concessionaire for a portion of the six-lane Ganga Expressway toll-road project in Uttar Pradesh. IRB and GIC have subscribed to equity shares aggregating to Rs 5.33 billion in the ratio of 51:49 in MBEL and will subscribe to non-convertible debentures issued by MBEL aggregating to Rs 15.99 billion in multiple tranches linked to certain milestones for funding the project. The S&R team was led by partners Sandip Bhagat and Pratichi Mishra, and included associates Dhanush Dinesh, Samyak Jain and Oshika Nayak. See also: GIC to invest Rs 10 bn in IRB Infra's Ganga Expressway projectUrban highways in Tamil Nadu will be upgraded for Rs 22 billion

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000