Billionaire Anil Ambani-led Reliance Group will develop a 6,000 megawatt Solar Power Park in Rajasthan, a plan that has potential to attract an investment of Rs.60,000 crore. ´The Reliance Group has signed an MoU to develop Solar Park and Solar Projects of 6,000 MW capacity, spread over nearly 30,000 acre, over next six years, with a potential to attract investment of about `60,000 crore in Rajasthan,´ Ambani said.
Tag: Reliance Group
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R-Infra to sell road projects to cut its debt
To cut down its debt burdern of about Rs 21,976 .18 crore, Reliance Infrastructure (R-Infra) is mulling to sell either all or most of its 11 road projects. R-Infra is a part of the Anil Ambani-led Reliance Group. R-Infra has appointed consulting firm EY or Ernst and Young, to oversee the sale.
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Online toll recharge for Hosur-K’giri road launched
Reliance Infrastructure (RInfra), part of the Reliance Group, through its Special Purpose Vehicle (SPV) HK Toll Road, recently announced the launch of online recharge facility for smart card users of Hosur-Krishnagiri road corridor in Tamil Nadu. RInfra is one of the few road concessionaires in the country to introduce this facility for its commuters which will save their traveling time, improve traffic flow and provide host of other benefits.
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Cold chain: Finally warming up to India?
India’s agricultural infrastructure, and in particular its fledgling cold chain industry, may have caught investor attention, particularly after news of farm produce rotting because of lack of suitable storage infrastructure.