In a bid to augment working capital requirements and infuse capital into new projects, IVRCL is reportedly planning to raise around Rs 1,200 crore. The company has enlisted the services of SBI Caps to facilitate fund-raising.
Moreover, the company, which has already divested stakes in three road projects to Tata Realty and Infrastructure (TRIL), looks to divest stake in its Chennai desalination project and Jalandhar highway project.
Recently, the company received approvals for divestment in three road projects to TRIL from the National Highways Authority of India and nod from the Income Tax Department.
IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.
Moreover, the company, which has already divested stakes in three road projects to Tata Realty and Infrastructure (TRIL), looks to divest stake in its Chennai desalination project and Jalandhar highway project.
Recently, the company received approvals for divestment in three road projects to TRIL from the National Highways Authority of India and nod from the Income Tax Department.
IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.
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