IRB Infra Transfers Gandeva Ena HAM Project to InvIT, Cuts Debt by ₹700 Crore

• IRB Infrastructure Developers Ltd transferred its Gandeva Ena (VM7) HAM project to IRB InvIT Fund, receiving ₹513 crore for its equity.
• The transaction reduces consolidated debt by approximately ₹700 crore, enhancing liquidity and balance sheet flexibility.
• Chairman Virendra D. Mhaiskar highlighted the 'Bid–Execute–Stabilise–Transfer' strategy and capital recycling.
• Proceeds will fund future growth opportunities, optimize portfolio, and create long-term stakeholder value.
• The Gandeva Ena HAM project is an eight-laning stretch on the New Delhi–Mumbai Greenfield Expressway in Gujarat, part of Bharatmala Pariyojana.

Why It Matters: IRB Infra's strategic asset transfer to InvIT significantly reduces debt and strengthens its financial position.