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Odisha toll road project: Canadian fund signs agreement with Bharat Road Network Limited


Canadian institutional fund manager Caisse de dépôt et placement du Québec (CDPQ) through its infrastructure investment trust India Highway Concession Trust has signed an agreement with Bharat Road Network Limited to acquire a 67-kilometre toll road project from Bhubaneswar to Chandikhole, in Odisha.
The enterprise value of the SPV Shree Jagannath Expressway Private Limited is estimated in the range of Rs 1800-2000 crore, people familiar with the development said. The SPV is in charge of the development, operations and maintenance of the project which began in December 2011 with an initial concession period of 26 years.
BRNL is the largest shareholder with a 40 per cent stake. The company is looking to reduce debt and to use the proceeds for organic and inorganic growth. BRNL’s borrowings were at Rs 260 crore as in September 2020. ....

Emmanuel Jaclot , Bajrang Kumar Choudhary , Shree Jagannath Expressway Private , India Highway Concession Trust , Bharat Road Network Limited , Shree Jagannath Expressway Private Limited , பஜ்ரங் குமார் சவுத்ரி , ஸ்ரீ ஜெகந்நாத் அதிவேக நெடுஞ்சாலை ப்ரைவேட் , இந்தியா நெடுஞ்சாலை சலுகை நம்பிக்கை , பாரத் சாலை வலைப்பின்னல் வரையறுக்கப்பட்டவை , ஸ்ரீ ஜெகந்நாத் அதிவேக நெடுஞ்சாலை ப்ரைவேட் வரையறுக்கப்பட்டவை ,

BRNL inks deal to sell Odisha road project, valued at around Rs 2000 cr


Bharat Road Network Limited (BRNL) has signed an agreement with India Highway Concession Trust, an infrastructure investment trust set up by Caisse de dépôt et placement du Québec (CDPQ), a global investor, for the sale of a BOT (build-operate-transfer) road project in the state of Odisha.
BRNL is the largest shareholder, with a 40 per cent stake in the project. The share purchase agreement provides for the complete transfer of ownership of Shree Jagannath Expressway Private Limited, the special purpose vehicle (SPV) for developing a 67-kilometre toll road project from Bhubaneswar to Chandikhole, in Odisha. Project operations started in December 2011, with an initial concession period of 26 years. ....

Bajrang Kumar Choudhary , Network Limited , Shree Jagannath Expressway Private , Bharat Road Network Limited , India Highway Concession Trust , Shree Jagannath Expressway Private Limited , Shree Jagannath Expressway , Brnl Road Project , Highway Project , Bot Sale , Odisha Highways , Global Fund Manager , பஜ்ரங் குமார் சவுத்ரி , வலைப்பின்னல் வரையறுக்கப்பட்டவை , ஸ்ரீ ஜெகந்நாத் அதிவேக நெடுஞ்சாலை ப்ரைவேட் , பாரத் சாலை வலைப்பின்னல் வரையறுக்கப்பட்டவை , இந்தியா நெடுஞ்சாலை சலுகை நம்பிக்கை , ஸ்ரீ ஜெகந்நாத் அதிவேக நெடுஞ்சாலை ப்ரைவேட் வரையறுக்கப்பட்டவை , ஸ்ரீ ஜெகந்நாத் அதிவேக நெடுஞ்சாலை , நெடுஞ்சாலை ப்ராஜெக்ட் , போட் விற்பனை , ஓடிஷா நெடுஞ்சாலைகள் , உலகளாவிய நிதி மேலாளர் ,

Canadian fund manager buys BRNL highway project in Odisha for Rs 2,000 crore


Canadian fund manager buys BRNL highway project in Odisha for Rs 2,000 crore
The BRNL highway project taken over by CDPQ is a 67 kilometre toll road project from Bhubaneswar to Chandikhole in Odisha. Sources close to the development told BusinessToday.In that the deal is valued between Rs 1,800 crore and Rs 2,000 crore
Ashutosh Kumar | January 21, 2021 | Updated 16:54 IST
Bhubaneswar to Chandikhole toll project started in December 2011 with a concession period of 26 years
Canadian institutional fund manager, Caisse de depot et placement du Quebec (CDPQ), has bought a highway project in Odisha from highway developer Bharat Road Network Limited (BRNL) in a deal valued at about Rs 2,000 crore. ....

Emmanuel Jaclot , Bajrang Kumar Choudhary , Network Limited , Shree Jagannath Expressway Private , National Stock Exchange , Bharat Road Network Limited , India Highway Concession Trust , Share Purchase Agreement , Kumar Choudhary , Managing Director , Executive Vice President , Shree Jagannath , National Stock , Cdpq News , Cdpq News India , Cdpq National Highway , Odisha News , Odisha News India , Odisha National Highwa , Brnal News , பஜ்ரங் குமார் சவுத்ரி , வலைப்பின்னல் வரையறுக்கப்பட்டவை , ஸ்ரீ ஜெகந்நாத் அதிவேக நெடுஞ்சாலை ப்ரைவேட் , தேசிய ஸ்டாக் பரிமாற்றம் , பாரத் சாலை வலைப்பின்னல் வரையறுக்கப்பட்டவை , இந்தியா நெடுஞ்சாலை சலுகை நம்பிக்கை ,

When Truth Is Stranger than Fiction, Rumours Are Easily Believed


When Truth Is Stranger than Fiction, Rumours Are Easily Believed
 6
On 14th December, a hitherto unknown website, called scamsbreaking .com, stirred up a social media storm with stunning allegations about the Kolkata-headquartered SREI group that has a large footprint in infrastructure and finance. The allegation that made people sit up was that Axis Bank (mainly) had lent a stunning Rs44,000 crore to the group without adequate due diligence. 
 
The report made waves because the SREI group is already under scrutiny with the Reserve Bank of India (RBI) having ordered a special forensic audit of SREI Infrastructure Finance and its subsidiary SREI Equipment Finance on 22nd November.  ....

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