Tata Realty targets Rs.30,000 crore projects
by 2015
Tata Realty and Infrastructure Ltd (TRIL) is targeting an order book of Rs.30,000 crore by 2015, building logistics parks, roads, airports, rapid transport systems, a top company official said on Thursday.
A wholly owned subsidiary of Tata Sons, the Rs.900-crore equity-based TRIL is currently executing around Rs.8,000 crore worth of realty projects. "We will soon start developmental work for logistics parks in Chennai, Kolkata and Delhi out of the 14 locations identified. Each of the three parks will measure around 25 acres and the total project outlay will be around Rs.200 crore," Managing Director Sanjay G. Ubale told reporters here.
He said TRIL would also set up a logistics park at Guwahati and soon announce the foreign partner who would bring in the technology. The company has budgeted Rs.1,400 crore for building 14 logistics parks with some cities having multiple parks. TRIL is now executing the Pune-Sholapur road project with an outlay of Rs.1,500 crore.
It has floated a subsidiary to execute road projects investing $122.5 million and private equity firm Actis putting in $77.5 million. "Our target is to do $2 billion worth of road projects in four years time frame," said Ubale.
Planning to bid for two greenfield airport projects at Nagpur and Pune, he said the company will be building a private airport at steel city Jamshedpur. In the area of urban transportation, TRIL is in the process finalising the joint venture partner for mono rail business and would start bidding for projects in Bangalore, Delhi, Mumbai and Ahmedabad, Ubale said.
Source: Chennai, Aug 5 (Deccan Herald) |
