Macquarie to acquire BSCPL Aurang Tollway for Rs 16 billion

Macquarie Asset Management will acquire BSCPL Aurang Tollway Limi­ted, a 150 km road project in Chhattisgarh owned by BSCPL Infras­tru­ctu­re, at an enterprise value of Rs 16 billion (about $200 million). BSCPL Aurang is an SPV incorporated in September 2011 by BSCPL Infrastructure for managing a section of NH 6 between Aurang in Chhattisgarh and the Odisha border on a build-operate-transfer basis. The concession agreement, executed in January 2012, is for 28 years.