IRB Infra to Sell Gandeva Ena Project for Rs 513 Crore, Reveals Debt Ratio Boost and Expressway Deal
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News18 English•01/12/2025
IRB Infra to Sell Gandeva Ena Project for Rs 513 Crore, Reveals Debt Ratio Boost and Expressway Deal
- •IRB Infra to sell Gandeva Ena project for Rs 513 crore.
- •Sale part of Delhi Mumbai Greenfield Expressway Project.
- •IRB to receive Rs 513 crore as equity consideration.
- •Project debt will also be transferred to IRB InvIT Fund.
- •IRB's net debt-to-equity ratio to improve significantly.
Why it matters: This impacts infrastructure investment and could improve IRB's financial stability.
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