Reliance Infrastructure Limited has decided to refer his Pune Satara Toll Road (PSTR) project to focus on the main area of its operation.
Cube Highway and Infrastructure III PTE Ltd. (Cube Highway), a Singapore -based company, PS Toll Road agrees to get a 100% stake in private. Ltd., Special Objective Vehicle (SPV) that operates the project.
A company official said that the transaction represents an important milestone to mudl non-core assets, increase financial flexibility and focus on long-term value building in the ongoing strategy of the transaction Reliance Infrastructure.
The official said that the enterprise price for PS toll road transactions is 2,000 crores.
As part of the transaction, Reliance Infrastructure is expected to realize an equity income of 600 crores.
The official said that funds will be deployed towards future development initiative in main commercial areas.
In addition to the value of the price, the resulting as a result of the transaction decrease in consolidated loan is a decrease of off 1,400 crores, which further strengthens the balance sheet of the company, said the official said.
PS Toll Road Pvt. Ltd. was established to develop, operate, operate and maintain a 140 km six -lane expressway between Pune and Satara in Maharashtra with the National Highway NH -4 (now NH -48).
Developed under the build-operate-transfer (toll) model, the project creates an important section of Golden quadrilateral, increasing connectivity between Mumbai and Bangalore. Toll collection on the corridor began in October 2010.
The transaction is expected to be completed by the end of this month, subject to the required regulatory approval.
The transaction marks the second successful toll road deal between the Reliance Infrastructure and the Cube highways, further strengthening the strategic relations between the two infrastructure platforms.
In 2020, Reliance Infrastructure completed the sale of its Delhi-Agra Toll Road Asset for a total of ₹ 3,600 crore.
Reliance Infrastructure currently operates a diverse portfolio of 7 toll road assets, which spreads to a total length of about 2,468 lane kilometers in the major high-traffic corridors in India.
Published – August 22, 2025 10:10 pm IST
