About the Company
The Company was incorporated in Hyderabad in October 2010 to take up the Karanji–Wani–Ghuggus–Chandrapur road concession.
Background
IVRCL Chandrapur Tollways Limited is the special purpose vehicle for the Karanji–Wani–Ghuggus–Chandrapur road. It was incorporated on 21 October 2010 and signed the concession agreement with the Public Works Department, Government of Maharashtra, six weeks later, on 1 December 2010.
The Company was promoted by IVRCL Limited, a Hyderabad engineering and construction company, which was also the construction contractor for the project. IVRCL Limited is in liquidation.
Management during the insolvency process
Since 19 November 2025 the Company has been under a corporate insolvency resolution process ordered by the National Company Law Tribunal, Hyderabad Bench-II. The powers of the Board of Directors are suspended, and the Resolution Professional, Mr Piyush Kisanlal Jani, manages the Company’s affairs. The documents filed in the process and his contact details are on the disclosures page.
Company particulars
- Name
- IVRCL Chandrapur Tollways Limited
- CIN
- U45203TG2010PLC070923
- Incorporated
- 21 October 2010, under the Companies Act, 1956
- Registrar
- Registrar of Companies, Hyderabad
- Type
- Public company limited by shares, not listed
- Activity
- Construction and maintenance of roads, bridges and related works (NIC 45203)
- Status
- Under corporate insolvency resolution process since 19 November 2025
Timeline
Viability gap funding for the project approved in principle.
Company incorporated in Hyderabad.
Concession agreement signed with the Public Works Department, Government of Maharashtra.
Common facility agreement signed with the project lenders, led by Bank of India.
Corporate insolvency resolution process commenced.