StockWatch
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Civil Construction
Divestment4 Nov 2026, 04:42 pm

IRCON International Plans to Sell Four Road Assets

AI Summary

IRCON International Limited has announced an asset monetisation plan to strategically sell its 100% stake in four completed road assets: Ircon Shivpuri Guna Tollway, Ircon PB Tollway, Ircon Davanagere Haveri Highway, and Ircon Vadodara Kim Expressway. This divestment will be conducted in accordance with the guidelines set by the Department of Investment and Public Asset Management (DIPAM). The move is part of the company's strategy to unlock value from its completed infrastructure projects.

Key Highlights

  • IRCON International to divest 100% stake in four road assets.
  • The sale aligns with DIPAM guidelines for asset monetisation.
  • This is a strategic move to unlock value from completed projects.
  • The four assets include tollways and highways.
  • The company aims to streamline its portfolio through this divestment.