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Bharat Road Network’s OSEPL Receives ₹3.84 Billion from NHAI, Boosting Infra Liquidity

Updated: July 09, 2025 10:10

Image Source: BRNL
In a significant financial development, Bharat Road Network Ltd (BRNL) announced that its subsidiary, Odisha Sun Times Expressway Pvt Ltd (OSEPL), has received ₹3.84 billion net of tax deducted at source (TDS) from the National Highways Authority of India (NHAI). The payment marks a crucial milestone in the company’s ongoing infrastructure monetization and dispute resolution efforts.
 
Key Highlights of the Transaction:
  • The ₹3.84 billion inflow is part of a settlement or contractual payment from NHAI to OSEPL
  • The amount received is net of applicable TDS, indicating a larger gross payout
  • Funds are expected to be utilized for debt reduction, operational enhancement, and shareholder value creation
  • The transaction reflects NHAI’s commitment to resolving pending dues and supporting private concessionaires
  • Impact on BRNL and OSEPL:
  • Strengthens liquidity position across BRNL’s portfolio of BOT (BuildOperateTransfer) highway projects
  • Enhances financial flexibility for OSEPL, which operates key stretches in Odisha
  • May improve investor sentiment amid ongoing restructuring and governance reforms
  • Supports BRNL’s broader strategy of asset monetization and dispute resolution with government agencies
  • Reinforces confidence in publicprivate partnerships in India’s road infrastructure sector
Why It Matters:
 
With infrastructure financing under pressure, timely payments from government bodies like NHAI are critical. This inflow not only stabilizes BRNL’s balance sheet but also signals smoother coordination between concessionaires and regulators.
 
Sources: BRNL Investor Portal, Moneycontrol, Screener.in, Economic Times Infrastructure Desk, NHAI Circulars Portal

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