IDFC PE to acquire two road projects from GR Infraprojects Limited

IDFC Project Equity Company Limited plans to acquire two road projects from GR Infraprojects Limited. The first project is the Shillong Bypass two-laning road project, which involves the development of a two-lane bypass from km 61.8 of National Highway (NH)-40 to km 34.85 of NH-44 in Meghalaya, under Phase A of the Special Accelerated Road Development Programme in North East, at an estimated cost of Rs 2.5 billion. The second project is the Reengus-Sikar four-laning highway project (NH-11), which involves four-laning of the Reengus-Sikar stretch from km 298.07 near Madhopura junction to km 341.04 section of NH-11, under Phase III of the National Highways Development Programme, at an estimated cost of Rs 3.33 billion.