R-Infra to sell road projects to cut its debt

17 Oct 2013 Editorial Team

To cut down its debt burdern of about Rs 21,976 .18 crore, Reliance Infrastructure (R-Infra) is mulling to sell either all or most of its 11 road projects. R-Infra is a part of the Anil Ambani-led Reliance Group. R-Infra has appointed consulting firm EY or Ernst and Young, to oversee the sale. The road projects, with a total length of 968 km and on which R-Infra has spent around Rs 11,700 crore, are being offered for sale to potential buyers and is yet to finalise their sale. The company's plan comes at a time when nearly 50 roads projects are up for sale in the country as infrastructure companies building them struggle with problems including delayed government approvals, land acquisition hassles and a funding crunch in the face of high borrowing costs.

Real Estate

20 May 2025

Shivansh Heights Enhances Security with Hikvision Video Door Phones

Tucked in the middle of 鈥楥ity of Waterfalls鈥� Ranchi, the 鈥楽hivansh Heights鈥� is one of the most prestigious residential projects in the town. A luxurious landmark with an iconic architectural design stands out as a premium property. A project with luxuriously lined interiors within each of the 70 exclusive apartments and 5 duplex apartments. The core team of developers thoughtfully added the dimension of premium security to this heavenly abode. The innovative apartment security solution was designed with the help of Hikvision鈥檚 solution team based on the wish list. The bespoke se..

Infrastructure Urban

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Real Estate

20 May 2025

Q1 2025 Index Shows Cautious Sentiment in Real Estate: Report

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