To sell 74 per cent stake in GMR Jadcherla Expressways, GMR Highways has signed an agreement with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust. This GMR Group operates the GJEL Farukhnagar-Jadcherla highway in Andhra Pradesh, under a concession agreement signed with NHAI.
Tag: GMR Highways
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Macquarie SBI buys 74% stake in GMR road project in AP
To sell 74 per cent stake in GMR Jadcherla Expressways, GMR Highways has signed an agreement with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust. This GMR Group operates the GJEL Farukhnagar-Jadcherla highway in Andhra Pradesh, under a concession agreement signed with NHAI.
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Negative VGF: A new angle in confidence?
Roads Minister CP Joshi recently remarked that the success of NVGF bids reaffirms the confidence of developers in the efforts taken by the government in the highways sector, and that investors see prospects in the road sector.