Railway engg co. Ircon to monetise 4 highway assets

State-run railway engineering company Ircon International has initiated the process to monetise four highway assets as part of the government’s infrastructure monetisation program. Axis Capital has been appointed as the advisor to manage the sale, with the assets carrying an estimated enterprise value of INR 3,000-Cr.The portfolio consists of two build-operate-transfer toll-road projects – the 97-km Ircon Shivpuri Guna Tollway in Madhya Pradesh and the 159-km Ircon PB Tollway in Rajasthan.Additionally, it includes two hybrid annuity model projects: the 79-km Ircon Davanagere Haveri Highway in Karnataka and the 32-km Ircon Vadodara Kim Expressway in Gujarat.The government maintains a 65% stake in the railway ministry’s engineering and construction firm. In FY26, the company reported a consolidated turnover of INR 9,502 crore and a net profit of INR 592 crore.