GR Infra’s InvIT likely next year, eyes $2 billion enterprise value

GR Infraprojects Ltd (GRIL), an integrated road engineering, procurement and construction (EPC) company, plans to float its Infrastructure Investment Trust (InvIT) by early next year, multiple people aware of the development said, in a bid to tap long-term institutional investors in Indian infrastructure assets.

With the addition of about 14 assets in its kitty, the InvIT may have an enterprise value of Rs 15,000 crore ($2 billion), the people said.