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SP Jammu Udhampur is the developer for the Jammu Udhampur Freeway undertaking beneath concession from Nationwide Highways Authority of India on a Construct-Function-Switch (Annuity) foundation.
The 64.5 km lengthy 4-lane Jammu Udhampur Freeway is of strategic nationwide curiosity in India and enhances connectivity to Shri Mata Vaishno Devi Shrine.
Nationwide Funding and Infrastructure Fund (NIIF) is a collaborative funding platform for worldwide and Indian traders, anchored by the Authorities of India, which manages funds with investments in several asset lessons and diversified sectors.
“The Jammu Udhampur divestment is one other milestone in SP Group’s persevering with journey of efficiently growing, worth engineering and monetizing strategic tasks. This transaction additionally leads to an efficient discount of Rs 1,850 crore of consolidated Group debt in addition to unlocking fairness,” mentioned Jai Mavani, Group Govt Director (Company Finance and M&A).
Shapoorji Pallonji Infrastructure Capital is a number one infrastructure growth firm, primarily centered on the facility, roads, and port sectors. Headquartered in Mumbai, SP Infrastructure is a gaggle firm of Shapoorji Pallonji And Firm.
