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REL plans separate subsidiary for infrastructure projects

Wednesday, 31 Oct 2007
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On 30 October 2007, Reliance Energy (REL) board approved a proposal to transfer its infrastructure projects to a separate wholly-owned subsidiary.

The yet-to-be-named company will be a wholly owned subsidiary of REL and execute projects such as roads, bridges, metro rail and real estate projects. It includes four-laning of five National Highway projects in Tamil Nadu covering a length of 400 km, the 20 km Western Freeway Sealink Project in Mumbai, the Rs.6,000 crore project for the construction of a 12 lane, 150 km highway around Jaipur and the metro rail project in Mumbai.

A consortium led by REL has emerged as the preferred bidder for the development of a new business district spread over 77 acres in Hyderabad, which includes construction of a 100 storey trade tower (likely to be the tallest in South East Asia) at an investment of Rs.6,500 crore.

 

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