Reliance Infra looks at acquisitions in India, abroad
Reliance Infrastructure, which has chalked out an ambitious plan to invest Rs 28,000 crore in the next three years, is looking at acquisitions in India and abroad, including coal mines in Indonesia.
By PTI |
MUMBAI: Reliance Infrastructure, which has chalked out an ambitious plan to invest Rs 28,000 crore in the next three years, is looking at acquisitions in India and abroad, including coal mines in Indonesia.
"For the next three years, the total projects in infrastructure generation and distribution would entail an investment of Rs 28,000 crore," Reliance Infrastructure Director Lalit Jalan said.
"We are looking at acquisition opportunities in India first. If we get a good opportunity overseas for acquisition, we will look at it. We have evaluated opportunities in Singapore, Jordan and Bahrain" Jalan said, without giving further details.
Two years ago, the company acquired Rosa Power Company in Uttar Pradesh from the Aditya Birla group and is revamping it. The plant would be commissioned by 2009 and the second plant by 2010, he said.
"We have acquired three coal assets in Indonesia last month. We are looking for more coal mines. If we get a good mine, we will look at it," he said.
Reliance Infrastructure, till recently known as Reliance Energy, is engaged in the business of power generation, transmission and distribution, besides road projects and the Mumbai Metro Rail project.
"Today, I have nine infrastructure projects, three transmission projects and one Special Economic Zone in Navi Mumbai, which are under execution. Total value of these projects is Rs 16,000 crore," he said.
Reliance Infrastructure has completed the 60 km Jaipur Ring road costing Rs 4,000 crore. The realty space around the Ring road would be worth about Rs 40,000 crore to Rs 50,000 crore in the next 10 years, he said.
The company was also in the process of implementing Rs 1,000 crore transmission project for Mumbai, besides building major substations and connecting it to Maharashtra State Electricity Board network so that the island city's network becomes even more "solid".
Transmission projects done in various parts of the country are worth Rs 5,000 crore, he said.
The company, which runs the 500 MW Dahanu power plant, is working on a proposal to add 1,200 MW of power at a cost of Rs 4,800 crore.
It is expected to get environmental assessment report shortly to take Dahanu forward, he said.
The Anil Ambani group company is pursuing greenfield projects within the country because of the "many opportunities" available here.
"Our focus now is greenfield projects in the country. But we are also looking at acquisitions. If a right opportunity comes at the right price, then we will definitely consider it," he said.
"For the next three years, the total projects in infrastructure generation and distribution would entail an investment of Rs 28,000 crore," Reliance Infrastructure Director Lalit Jalan said.
"We are looking at acquisition opportunities in India first. If we get a good opportunity overseas for acquisition, we will look at it. We have evaluated opportunities in Singapore, Jordan and Bahrain" Jalan said, without giving further details.
Two years ago, the company acquired Rosa Power Company in Uttar Pradesh from the Aditya Birla group and is revamping it. The plant would be commissioned by 2009 and the second plant by 2010, he said.
"We have acquired three coal assets in Indonesia last month. We are looking for more coal mines. If we get a good mine, we will look at it," he said.
Reliance Infrastructure, till recently known as Reliance Energy, is engaged in the business of power generation, transmission and distribution, besides road projects and the Mumbai Metro Rail project.
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"Today, I have nine infrastructure projects, three transmission projects and one Special Economic Zone in Navi Mumbai, which are under execution. Total value of these projects is Rs 16,000 crore," he said.
Reliance Infrastructure has completed the 60 km Jaipur Ring road costing Rs 4,000 crore. The realty space around the Ring road would be worth about Rs 40,000 crore to Rs 50,000 crore in the next 10 years, he said.
The company was also in the process of implementing Rs 1,000 crore transmission project for Mumbai, besides building major substations and connecting it to Maharashtra State Electricity Board network so that the island city's network becomes even more "solid".
Transmission projects done in various parts of the country are worth Rs 5,000 crore, he said.
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The company, which runs the 500 MW Dahanu power plant, is working on a proposal to add 1,200 MW of power at a cost of Rs 4,800 crore.
It is expected to get environmental assessment report shortly to take Dahanu forward, he said.
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The Anil Ambani group company is pursuing greenfield projects within the country because of the "many opportunities" available here.
"Our focus now is greenfield projects in the country. But we are also looking at acquisitions. If a right opportunity comes at the right price, then we will definitely consider it," he said.
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