IRB Infrastructure Offers Gandeva–Ena HAM Project to IRB InvIT Fund Under Delhi–Mumbai Expressway
The company’s Board has approved a preliminary non-binding proposal for the project transfer during its recent meeting. The IRB InvIT Fund, sponsored by IRB Infrastructure, is a publicly offered and listed Infrastructure Investment Trust.
The move aligns with IRB’s strategy of monetising completed and operational assets through its InvIT platform while continuing to build new projects across the national highways network.
Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, “This step aligns with our Bid–Execute–Stabilize–Transfer strategy to unlock capital and drive growth. Offering our second HAM asset on this expressway to the Public InvIT provides long-term cashflow visibility to the InvIT while releasing funds to support IRB’s future growth. We aim to close the transaction within this calendar year, creating a win-win for stakeholders of both IRB Infra and IRB InvIT Fund”
To re-iterate, the Gandeva Ena HAM Project had recently received a provisional completion certificate and is revenue generating operational asset that is currently part of Company’s portfolio. The project is an eight-laning of the Gandeva Ena stretch in the State of Gujarat under NHAI’s Package-VII of India’s ambitious ‘Bharatmala Pariyojana.
The project is being implemented by VM7 Expressway Private Limited, a wholly owned subsidiary of the Company, under a concession awarded by the National Highways Authority of India.
Published on:
21 November 2025
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