Skil Infrastructure plans to raise $1 bn
Skil Infrastructure plans to raise $1 billion in this financial year for its projects in special economic zones, ports, shipyard, railways and tourism.
By PTI |
MUMBAI: Skil Infrastructure plans to raise $1 billion in this financial year for its projects in special economic zones, ports, shipyard, railways and tourism.
"Skil Infrastructure is planning to raise upto $1 billion within this financial year for various projects," Ernst & Young Associate Director Rajesh Samson said.
Ernst & Young has been appointed as consultant for Skil Infrastructure and mandated to raise $250 million of the $1 billion.
"We have identified a foreign financial investor for the $250 million. We should close the deal soon," Samson said. He refused to name the investor as both the parties are yet to ink the deal.
Skil Infrastructure has interest in four major projects: They include the two special economic zones near Mumbai, Pipavav Shipyard, Port of Pipavav and a railways project.
Skil bagged the two special economic zone projects - Maha Mumbai and Navi Mumbai - initially and in 2005, it entered into an "understanding" with the powerful Reliance Group, promoted by Mukesh Ambani.
"Skil Infrastructure is planning to raise upto $1 billion within this financial year for various projects," Ernst & Young Associate Director Rajesh Samson said.
Ernst & Young has been appointed as consultant for Skil Infrastructure and mandated to raise $250 million of the $1 billion.
"We have identified a foreign financial investor for the $250 million. We should close the deal soon," Samson said. He refused to name the investor as both the parties are yet to ink the deal.
Skil Infrastructure has interest in four major projects: They include the two special economic zones near Mumbai, Pipavav Shipyard, Port of Pipavav and a railways project.
Skil bagged the two special economic zone projects - Maha Mumbai and Navi Mumbai - initially and in 2005, it entered into an "understanding" with the powerful Reliance Group, promoted by Mukesh Ambani.
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