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BRNL sells expressway in Odisha to CDPQ-owned India Highway Concession Trust ANI | Updated: Jan 21, 2021 12:07 IST Kolkata (West Bengal) [India], January 21 (ANI): Bharat Road Network Ltd (BRNL) and its partners have signed an agreement with India Highway Concession Trust an infrastructure investment trust set up by global institutional investor Caisse de depot et placement du Quebec (CDPQ) for the sale of a build-operate-transfer road project in Odisha. BRNL is currently the largest shareholder with a 40 per cent stake in this project. The share purchase agreement provides for a complete transfer of ownership of Shree Jagannath Expressway, the special purpose vehicle (SPV) engaged in development, operation and maintenance of a 67-km toll road project from Bhubaneswar to Chandikhole in Odisha.

Madhya pradeshWest bengalUttar pradeshEmmanuel jaclotBajrang kumar choudharyNetwork ltdBharat road network ltdIndia highway concessionShree jagannath expresswayExecutive vice presidentShree jagannathBharat road network ltd brnlIndia highway concession trustShare purchase agreementFrom bhubaneswar to chandikhole in odishaMerger and acquisition activities