Race for IVRCL-backed road project includes Adani arm and others `
ROADS & HIGHWAYS

Race for IVRCL-backed road project includes Adani arm and others `

Adani Road Transport, Silver Point Capital, Cube Highways, and Kotak Investments Advisors are vying for the special purpose vehicle (SPV) promoted by IVRCL that owns the IVRCL Chengapalli Tollways.

The bankruptcy court acknowledged the tollway's insolvency in April, and now insolvency proceedings are underway.

The other two applicants to submit expressions of interest were Global Infrastructure Partners (GIP) India and Highways Infrastructure Trust (HIT).

Global investment fund KKR developed the road infrastructure investment trust HIT, and the global infrastructure fund GIP. SPCL Luxembourg Advisors, a Silver Point affiliate, has made an expression of interest.

Also read:
IRF to conduct audit of Ahmedabad-Mumbai highway
Construction begins on Kompally NH extension


Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Adani Road Transport, Silver Point Capital, Cube Highways, and Kotak Investments Advisors are vying for the special purpose vehicle (SPV) promoted by IVRCL that owns the IVRCL Chengapalli Tollways. The bankruptcy court acknowledged the tollway's insolvency in April, and now insolvency proceedings are underway. The other two applicants to submit expressions of interest were Global Infrastructure Partners (GIP) India and Highways Infrastructure Trust (HIT). Global investment fund KKR developed the road infrastructure investment trust HIT, and the global infrastructure fund GIP. SPCL Luxembourg Advisors, a Silver Point affiliate, has made an expression of interest. Also read: IRF to conduct audit of Ahmedabad-Mumbai highwayConstruction begins on Kompally NH extension

Next Story
Infrastructure Urban

Osaka Expo 2025 to Feature World’s Largest Wooden Structure

Osaka Expo 2025 will showcase the world’s largest wooden structure—a spectacular canopy encircling the 155-hectare exhibition grounds. Designed by architect Sou Fujimoto, the structure combines cutting-edge technology with Japan’s thousand-year tradition of wooden construction to create a futuristic yet sustainable landmark.“This is the biggest wooden construction in the world, so we used the latest technology alongside Japan's ancient craftsmanship to achieve a futuristic design,” Mr Fujimoto said. Rigorous testing ensured the strength of the beams and joints for the immense structu..

Next Story
Infrastructure Energy

India ranks 6th globally with 127 Net-zero firms

India has secured the sixth position globally in corporate climate action, with 127 companies committing to net-zero targets under the Science- Based Targets initiative (SBTi), according to the latest report from ICRA ESG Ratings.Although India contributes approximately 7 per cent of global emissions, its corporate commitments reflect a growing awareness of climate concerns. However, high-emission sectors such as power, energy, and cement are lagging in adopting these goals.The report reveals that fewer than 10 per cent of firms in these high-emission sectors, which contribute to 55 per cent o..

Next Story
Infrastructure Energy

Power prices fall 31% amid renewable push

The average price of electricity traded on India’s power exchanges during October-November 2024 fell by 31 per cent year-on-year (YoY) to Rs.3.61 per unit in the Day-Ahead Market (DAM), down from Rs.5.23 per unit in the same period last year. Similarly, Real-Time Market (RTM) prices dropped by 29 per cent to Rs.3.59 per unit, compared to Rs.5.04 per unit a year ago, as per industry data. The price drop was driven by a surge in renewable energy generation, particularly hydro and wind power, supported by favourable monsoon conditions. Improved fuel availability and government-led ini..

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