IDFC

Current Investments

Electricity Generation

Dewas Bhopal Corridor Private Limited ("DBCPL")

Sector: Energy & Utilities – Electricity Generation
Stage: Near Operational

   
 

Investment description

Dewas Bhopal Corridor Private Limited ("DBCPL") is an SPV incorporated for constructing, financing, operating and maintaining a 4 laned road (post widening an existing 2 laned stretch) in the state of Madhya Pradesh. The 141 km road is located on SH-18 and connects two most important cities in the state - Bhopal and Indore.

IIF II acquired 74% equity stake in DBCPL from Welspun Enterprises Limited (WEL) and Chetak Enterprises Limited (CEL) in December 2015. Balance 26% stake continues to be held by WEL and CEL in equal proportion. At the time of IIF II acquisition of 74% stake, DBCPL had been operational for about 6 years, with a residual concession life of more than 17 years.

   
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