Highways builder DBL in talks with global investors for sale of 7 road projects

NEW DELHI : Highways builder Dilip Buildcon Ltd (DBL) is in talks with large global financial investors to sell seven of its road projects.

The company that claims to be India’s largest road construction company, currently building 16T of all National Highways, has already sold five of its projects to Cube Highways.

“After the successful transaction of selling HAM portfolio with Shrem group, we have sold yet another portfolio of 5 HAM projects to Cube Highways, focusing on the efficient use of equity,” the company said in its latest annual report.

It had won 12 HAM (hybrid annuity mode) projects in 2018-19.

The company is in talks with few “large global financial investors,” in this regard, it said.