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Macquarie to acquire 150-km BSCPL Aurang Tollway in Chattisgarh for Rs 1,600-Cr

Economic Times  

Macquarie Asset Management will acquire BSCPL Aurang Tollway Ltd, a 150-km-long road project in Chhattisgarh owned by BSCPL Infrastructure at an enterprise value of INR 1,600 crore (about USD 200 million). BSCPL Aurang is a special purpose vehicle incorporated in September 2011 by BSCPL Infrastructure for managing a section of NH 6 between Aurang in Chhattisgarh and the Odisha border under build, operate and transfer (BOT) basis. The concession agreement, executed in January 2012, is for 28 years. The average daily traffic on this road segment increased to 15,194 passenger car units in fiscal 2022 from 13,859 the year before. The average daily toll revenue rose to INR 44.86 lakh in the April-June period of FY23 from the FY22 average of INR 37.21 lakh. This would be the first road acquisition by Macquarie in India in five years, after it had won the rights to manage 648 km of national highways by bidding INR 9,681 crore in a 2018 auction by the National Highway Authority of India (NHAI).