KPIL sells stakes in Vindhyachal Expressway for Rs 775 crores
Global engineering and construction firm, Kalpataru Projects International Ltd (KPIL), has sold its 100% stakes in in its arm Vindhyachal Expressway Private Ltd (VEPL). The stakes are sold to an infrastructure firm, Actis, for Rs 775 crores.
This arm was formed for the development of a four-laning road project connecting Rewa and Hanumana, spanning 89.30 KMs. The project is under concession from Madhya Pradesh Road Development Corporation (MPRDC) on design, build, finance, operate and transfer (DBFOT) - Toll basis.
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