Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

New Generation Infrastructure to Acquire Three Toll Road Projects in India
  • USA - English


News provided by

New Generation Power

Sep 30, 2014, 07:00 ET

Share this article

Share toX

Share this article

Share toX


Chicago, Illinois (PRWEB) September 30, 2014 -- New Generation Infrastructure, Inc. (NGI), a subsidiary of New Generation Holdings, Inc., a global leader in renewable energy and infrastructure, today announced they have entered into an agreement to acquire three toll road projects from Valecha Infrastructure Limited (VIL).

NGI will invest approximately $60 million USD toward acquiring stakes from the project’s equity partners – VIL and Piramal Infrastructure Private Limited. Artha Energy Resources (AER) will advise the transaction.

These infrastructure investments in emerging markets can help boost the economy while facilitating easy trade in and around these regions.

Post this

Original agreements between Valecha Group and various state governments in India involved the development, operation and maintenance of the toll road projects on a build, operate & transfer (BOT) basis in the states of Madhya and Gujarat.

“We take pride in the quality and timely delivery of the various infrastructure projects we undertake. Our BOT journey began just under five years ago and this deal will be a landmark deal for the company completing a full circle of build, operate and now transfer to our partners, New Generation Power. Valecha will now focus on completion of its existing projects and bidding for larger projects under the new government to continue setting newer benchmarks in the industry,” said Jagdish Valecha, Director of Valecha Engineering Limited.

Together, the three BOT toll roads have an estimated enterprise value equivalent to $207 million USD.

“This transaction sets another milestone for FDI in the Indian infrastructure sector,” said Dimple G. Jangda, Managing Partner of Rudra Investments, advisor to the M&A transaction on all three toll roads. “This will facilitate larger interest from international investment groups that have been closely watching the Indian market over the last few months.”

Traditionally, the Indian government had built most of the country’s roads through regular EPC contracts. In the last five years, there has been a shift toward executing these roads through a public-private partnership model, which exists worldwide.

With the constant demand for quality infrastructure in a fast developing country, these often run-down and heavily congested roads have threatened to slow-down economic development. Private companies such as NGI have stepped in to help fund these infrastructure projects.

The project will represent a balance of operating and under construction toll roads.

Lebad Manpur BOT toll road is a four-lane, new alignment project located in the state of Madhya Pradesh and goes from Lebad on State Highway 31 to Manpur on National Highway 3. With a strong influence on the surrounding industrial areas, the toll road helps facilitate additional investments and industrial setups throughout the State.

Part of State Highway 39, Badwani Sendhwa, is a 57km stretch connecting Badwani and Sendhwa via Palsood in Madhya Pradesh. The road serves as an agricultural link for produce, forestry and mineral wealth between nearby areas.

Lastly, Bhuj-Bhachua is a 77km stretch of toll road in the state of Gujarat still under construction. Plans to improve road conditions and create wider lanes on a BOT basis are currently underway. After recovering from a devastating earthquake in 2001, the project road, located in Kutch District, now forms a major industrial hub along with National Highway 8A, where the project road ends.

Dr. Chirinjeev Kathuria, Chairman of NGI, commented, “This acquisition adds tremendous value to our already diversified India investment portfolio. We want to continue making a sizable impact on the economy by facilitating growth for other industries. These infrastructure investments in emerging markets can help boost the economy while facilitating easy trade in and around these regions.”

As part of the company’s strategic growth plan, NGI will continue to explore various opportunities in both developing and developed countries globally. Most recently, the company has been assigned the license to build one of the largest biomass facilities in Japan under the current Feed-in-Tariff program.

ABOUT NEW GENERATION POWER
NGP is headquartered in Chicago, and is a global investor, owner and operator of infrastructure assets in the key areas of Utility Scale Power Generation including Conventional and Renewable Energy Production, Distributed Generation and Mining Exploration & Extraction in the USA and internationally. NGP is developing world class Infrastructure projects including Toll Roads and Energy projects about 3000 MW in capacity in areas of hydro, solar, wind, thermal projects across the globe. The company will be generating energy for developed and developing countries that will create job opportunities and employment for several million people. Visit the company online at http://www.newgenpower.com.

ABOUT VALECHA ENGINEERING LIMITED
With over 50 years of Engineering Pedigree, Valecha Engineering Limited is one of the leading construction and infrastructure development company in India Listed in the National Stock Exchange and the Bombay Stock Exchange, the company constructs various infrastructure and engineering projects, including roads, highways, and expressways; bridges and tunnels; airports; irrigation dams, reservoirs, and canals; and railways and specialized underground tunneling. The company also has a pedigree of working internationally and has done extensive foundation engineering works in the Middle East and is now also looking at opportunities in part of Africa and other developing counties.

ABOUT ARTHA ENERGY RESOURCES, LLP
Artha Energy Resources (AER) provide avenues for investments into renewable power. AER has relationships with governments, EPCs, developers, etc. across all verticals and stages of project development in India, Japan and the United States. They have advised 165 MW of transaction closures, bringing in a total of $548 million of renewable investments for 2014. Find out more at http://www.ArthaEnergyResources.com.

Lindsey Wagner, New Generation Power, http://www.newgenpower.com, +1 312-610-9600, [email protected]

Modal title

NGI to Acquire Three Toll Road Projects in India
View PDF
NGI to Acquire Three Toll Road Projects in India
NGI to Acquire Three Toll Road Projects in India

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.