Tata Realty to invest Rs10,000 crore in infra projects, launch an InvIT – Feedback

Tata Realty and Infrastructure Ltd (TRIL) plans to invest up to Rs.10,000 crore in infrastructure projects and launch an infrastructure investment trust (InvIT), as it seeks to increase its focus on public works.

The firm, a subsidiary of Tata Sons Ltd, also plans to buy land with its investor partner for office projects, and build more retail shopping malls, said a top executive. The Mumbai-based firm intends to build on its infrastructure project portfolio and will invest Rs.9,000-10,000 crore over the next few years in light rail urban transport, airports, highways and roads, and ropeway projects. It plans to bid for projects mainly through the public-private partnership (PPP) route, where it will build, maintain and collect tolls.

http://www.livemint.com/Companies/vxTnTHXaU1myQLpnVwU8SK/Tata-Realty-to-invest-Rs10000-crore-in-infra-projects-laun.html

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