India: IVRCL to carve out two companies

India: IVRCL to carve out two companies

E. Sudhir Reddy, chairman, IVRCL. Photo: Mint

Infrastructure company IVRCL Ltd, which has been reeling under high debt woes, has decided to carve out two separate companies—segregating the Build Operate Transfer and Engineering Procurement Construction parts of the business. Through this move, the company hopes it will be easier to find equity investors for the EPC company, a business they have been traditionally good with.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter