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‘Our focus is on profitable deals, not valuation’

Published on Sep 22nd, 2009 by internetcont in Press with No Comments »

‘Our focus is on profitable deals, not valuation’

Sreejiraj Eluvangal and G Seetharaman    www.dnaindia.com
Reliance Infrastructure, which was carved out of Reliance Energy’s construction wing, is often criticised for being a hotchpotch of businesses and for befuddling investors with its multi-directional expansions. The company recently announced plans to spin off its different businesses into fully-owned subsidiaries.

DNASreejiraj Eluvangal and G [...]

‘Centre to bear 50% equity cost of Metro 3′

Published on Sep 1st, 2009 by internetcont in Press with No Comments »

‘Centre to bear 50% equity cost of Metro 3′

http://economictimes.indiatimes.com
MUMBAI: Inaugurating work on the second corridor of Mumbai Metro on Tuesday, President Pratibha Patil exuded hope that the state-of-the-art andcomfortable means of public transport would attract car owners to public transport.

“The Metro and Mono Rails will encourage car owners to use public transport as both would offer air-conditioned comfort, reduce travel [...]

Mumbai plan for city Metro

Published on Aug 23rd, 2009 by internetcont in Press with No Comments »

Mumbai plan for city Metro

Nisha Nambiar  www.expressindia.com 
Pune The ambitious Pune metro rail project will seek help from the Mumbai Metropolitan Development Region Development Authority (MMRDA) to prepare the bid document for the Build-Operate-Transfer model as was done in Mumbai.
Principal secretary of Urban Development T C Benjamin said the bid document will be ready post Assembly elections. “It was to be [...]

Doctor’s win boosts Bandra residents to oppose Metro-II

Published on Aug 11th, 2009 by internetcont in Press with No Comments »

Doctor’s win boosts Bandra residents to oppose Metro-II

Mumbai: Versova-based homoeopath Dr Monica Matani is a giant killer. Emerging victorious after moving the Bombay High Court against Mumbai Metro One Pvt Ltd (MMOPL–a venture between Reliance Infrastructure, MMRDA and French firm Veolia) for causing structural damages to Gautam Niwas and other buildings in Versova due to the unauthorised use [...]

Second Metro corridor Bhoomi Pujan on Aug 18

Published on Aug 8th, 2009 by internetcont in Press with No Comments »

Second Metro corridor Bhoomi Pujan on Aug 18

President Pratibha Patil will be conducting the bhoomi pujan ceremony for the city’s second Metro rail corridor on August 18. The Charkop-Bandra-Mankhurd corridor project was bagged by a consortium led by Reliance Infrastructure Ltd and is estimated to cost Rs 11,000 crore. The corridor is expected to be commissioned by 2015.
“The Mumbai Metropolitan Region Development [...]

Maha plans Rs 2.5 lakh cr investment for Mumbai infrastructure upgrade

Published on Aug 8th, 2009 by internetcont in Press with No Comments »

Maha plans Rs 2.5 lakh cr investment for Mumbai infrastructure upgrade

The Maharashtra government has prepared a business plan requiring an investment of around Rs 2.5 lakh crore for development of infrastructure in Mumbai and peripheral areas, a top official said today. “We are envisaging an investment of up to $60 billion (around Rs 2.5 lakh crore) for developing transport, water-supply and sanitation in the Mumbai [...]

Reliance Infra gets contract for 2nd Mumbai Metro line

Published on Aug 5th, 2009 by internetcont in Press with No Comments »

Reliance Infra gets contract for 2nd Mumbai Metro line

Bangalore: Aconsortium of the Anil Ambani-led Reliance Infrastructure Ltd and Reliance Communications Ltd, and Canada’s SNC-Lavalin has won the contract for the Rs11,000 crore Mumbai Metro II project to link Navi Mumbai and Charkop and Mankhurd in suburban Mumbai.
Reliance Infrastructure, which is also building the 11km-long, Mumbai Metro I project along Versova-Andheri-Ghatkopar in suburban Mumbai, [...]

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