NHAI grants approval for transfer of Padra-Vadodara Expressway Project from IRB Infrastructure to IRB InvIT Fund

The National Highways Authority of India (NHAI) has granted approval for the transfer of the Padra-Vadodara Expressway Project (Vadodara-Mum­bai Expressway Project), which is part of the Delhi-Mumbai Expressway, from VK1 Expressway Private Limited, a wholly owned subsidiary of IRB Infrastructure Developers Private Limited, to the IRB InvIT fund. Following the completion of the transfer process, IRB Infrastructure will receive full consideration of Rs 3,420 million.