Kalpataru Projects Sells Vindhyachal Expressway to Actis for Rs 775 Crore

Kalpataru Projects International has divested its entire stake in Vindhyachal Expressway to Actis for Rs 775 crore, including selling the project as a strategic move to focus on its core EPC business. This transaction marks a significant milestone as it optimizes value from non-core assets.

Kalpataru Projects International announced on Friday the sale of its full equity stake in Vindhyachal Expressway to Actis for Rs 775 crore, marking a significant strategic divestment to optimize their portfolio.

The sale involved Vindhyachal Expressway Private Ltd (VEPL), a special purpose vehicle formed to execute a major road project, linking Rewa and Hanumana over National Highway-7 under a DBFOT toll agreement.

KPIL's Managing Director and CEO, Manish Mohnot, emphasized that this divestment aligns with the company's ongoing strategy to streamline assets and focus on core business operations within the EPC sector for accelerated growth.

(With inputs from agencies.)