Deals2 Feb 2026, 04:52 pm
IRB Infrastructure Completes Transfer of Gandeva Ena HAM Project, Receives Rs.513Crs Consideration
AI Summary
IRB Infrastructure Developers Ltd., India's leading toll concessionaire, has successfully completed the transfer of its Gandeva Ena HAM project to IRB InvIT Fund. The transaction has resulted in a cash consideration of Rs.513Crs towards the equity in the VM7 Project SPV. The consolidated debt of the company will be reduced by approximately Rs.700Crs, thereby strengthening overall liquidity. The Gandeva Ena HAM Project is an eight-laning revenue generating stretch on the upcoming New Delhi Mumbai Greenfield Expressway Project in the State of Gujarat under NHAI's Package-VII of India’s ambitious ‘Bharatmala Pariyojana’.
Key Highlights
- IRB Infrastructure has completed the transfer of its Gandeva Ena HAM project to IRB InvIT Fund.
- The transaction has resulted in a cash consideration of Rs.513Crs towards the equity in the VM7 Project SPV.
- The consolidated debt of the company will be reduced by approximately Rs.700Crs.
- The Gandeva Ena HAM Project is an eight-laning revenue generating stretch on the upcoming New Delhi Mumbai Greenfield Expressway Project.
- The project is being managed by VM7 Expressway Private Limited, a wholly owned subsidiary of the Company, under a concession awarded by the National Highways Authority of India.