IDFC Project Equity Company, set up by Infrastructure Development Finance
Company (IDFC) is planning to invest about $110 million (approx Rs 546.15 crore)
to acquire stakes in two major infrastructure projects in India.
IDFC is likely to acquire 16 per cent stake in Sabarmati Gas, a Gujarat based
city gas distribution firm which is jointly promoted by BPCL and Gujarat State
Petroleum Corporation. According to company sources, IDFC has shortlisted a
power project to pick up a stake.
In March 2009, the company invested Rs 350 crore in Essar Power for part
finances its ongoing projects.
Also See:
IDFC to infuse
Rs 350 cr in Essar Power (19-Mar-09)