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Ircon Sells Highway Assets for ₹3000 Crore
14 Oct
Summary
- Four highway assets are up for sale by Ircon International.
- The assets are valued at approximately ₹3,000 crore.
- These include toll-road and hybrid annuity model projects.
Ircon International has initiated the sale of four highway assets as part of a broader government infrastructure monetisation initiative. The total enterprise value for these assets is estimated to be around ₹3,000 crore, with Axis Capital managing the sale.
The portfolio includes two build-operate-transfer toll-road projects: the 97-km Ircon Shivpuri Guna Tollway in Madhya Pradesh and the 159-km Ircon PB Tollway in Rajasthan. It also features two hybrid annuity model projects: the 79-km Ircon Davanagere Haveri Highway in Karnataka and the 32-km Ircon Vadodara Kim Expressway in Gujarat.
Ircon International, a Navratna company, primarily generates revenue from its railway segment, which contributed about 82% of its annual operating income in FY26. Highway operations contributed 14% in FY26, a decrease from the previous year. The government holds a 65% stake in Ircon.
