The Economic Times

Ircon to monetise 4 highway assets; PSU plans to unlock 3,000cr value as part of GoI's infra monetisation

Ircon International has placed four highway assets for sale in a government-led monetisation programme. These assets include toll-road and hybrid annuity model projects located in Madhya Pradesh, Rajasthan, Karnataka, and Gujarat. The enterprise value of the assets is estimated to be around 3,000 crore, as advised by Axis Capital. Currently, Ircon is a Navratna company primarily earning from its railway segment.