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IVRCL sells highway projects in TN to TRIL Roads

IVRCL sells highway projects in TN to TRIL Roads

Hyderabad-based IVRCL has monetised three road tollways by selling stake to TRIL Roads, a Tata Group company. The deal, covering all the three projects in Tamil Nadu, is estimated at Rs 2,200 crore. This stake sale agreement is part of the Hyderabad-based infrastructure company IVRCLÂ’s Strategic Business Plan to monetise its build, operate and transfer (BOT) road assets.