Realized / Partly Realized Investments

IDFC Project Equity

Vijaywada Tollway Private Limited (“VTPL”)

Sector: Transport Infrastructure - Roads
Stage: Operating


Investment description

VTPL is an SPV set up by IJM Corporation Berhad, Malaysia for the 6-laning of the Chilakaluripet-Vijayawada section of NH-5 (a distance of 82.50 km) in the State of Andhra Pradesh on a Build, Operate and Transfer basis as part of the National Highways Development Programme ("NHDP") Phase V.
The project is part of the highway connecting Chennai and Kolkata as part of the Golden Quadrilateral project. The road forms an important link between the cities in Andhra Pradesh like Guntur and Vijayawada, and the ports of Kakinada and Vishakhapatnam.

IJM Corporation Berhad (IJM), a part of IJM Group (the Group), is one of the largest and most diversified construction houses in Malaysia and has been in operation for more than twenty five years. The Group's principal activities are in construction, property development, manufacturing and qaurring, toll-way operations, plantations and investment holding.

IJM is the flagship company of the IJM Group and is amongst the largest construction houses in Malaysia, principally engaged in construction and investment holding activities. Incorporated originally in 1983 as a private limited company under the name of Solidstate (M) Sdn Bhd, IJM went public in 1986 when its shares were listed on Malaysia Securities Exchange. Apart from a strong construction business in their home country, they have developed significant business in countries like India, Argentina, Singapore, Vietnam, China and Australia. The Group's presence in these markets spans construction, real estate development, toll road concessions and power generation assets.

  IDFC Project Equity


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