The Cabinet Committee on Economic Affairs has amended its earlier approval dated May 13, 2015, for permitting 100 per cent equity divestment after two years of construction completion for all BOT projects, irrespective of year of award.
The approval will allow the concessionaire(s)/promoter(s) to use proceeds from the sale for use in incomplete NHAI projects, any other highway projects, power sector projects and to retire debt in other infrastructure projects.
However, the National Highways Builders Federation (NHBF) said developers with highly leveraged balance sheets should be allowed to utilise the funds to reduce existing corporate debt or invest in new infrastructure projects that need not be highways projects only.
FlashNews:
Small is Beautiful: IFFCO Reports Record Profit for Third Consecutive Year as Nano Fertiliser Sales Surge
Operation Sindoor: Airspace Restrictions in the Age of Cross-Border Tensions
REC Profit at ₹15,713 crore for FY25
Shri Jitendra Srivastava assumes charge as CMD, REC Limited
India’s Aerotropolis Plans Get Further Boost with Hisar Airport
REC Limited Signs MoU with MMRDA for ₹1 Lakh Crore Investment in Mumbai Metropolitan Region (MMR)
NBCC CMD K.P. Mahadevaswamy Assumes Chairmanship of SCOPE
Hindalco to be a force for good with engineered solutions transformation: Kumarmangalam Birla
HSR Needs Fast Tracking
RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private Limited
RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited
Showcasing India’s Supply Chain Revolution
Highlighting the Future of Smart, Sustainable Infra
Driving Sustainability Through Innovation
REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
IIFCL Launches its Gender Equality and Social Inclusion (GESI) Cell on the occasion of International Women’s Day 2025.
IIFCL and CBI Sign Expression of Interest to promote Sustainable Infrastructure Financing in India
CCI India presents 1st edition of CEO Round Table Conference on Agriculture
Jayesh Ranjan & Cement Expo Forum Leaders converge in Hyderabad
Home » 100% stake sale cleared in BOT projects
100% stake sale cleared in BOT projects
Roads & Highways
September 1, 2015September 1, 2015

Leave a Reply
You must be logged in to post a comment.