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Tata Realty and Infrastructure in talks with GIC to sell roads business

Monday, 22 Jul 2019
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Tata Realty and Infrastructure (TRIL), a wholly-owned unit of Tata Sons, is set to exit the roads business by selling four of its projects.

The company is in talks with Singaporean sovereign fund GIC Pte. Subsidiary TRIL Roads Pvt Ltd owns the four National Highways Authority of India (NHAI) toll road projects on offer.

Two of the assets are operational -- the Durg Bypass in Chhattisgarh and the 110 km Pune-Solapur Expressway on NH-65 in Maharashtra. The other two are under construction -- 120 km Hampi Expressway section of NH-13 in Karnataka, and Uchit Expressway of 93.5 km from Chittorgarh to Udaipur on NH-76.

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