Reliance Infrastructure Plans $7 Billion of Investments in India and Abroad, an
Industrial Info News Alert
BANGALORE, INDIA, Jul 03, 2008 (MARKET WIRE via COMTEX) — Researched by
Industrial Info Resources (Sugar Land, Texas) — Reliance Infrastructure Limited
(BOM:500390) (Mumbai) will make investments of around $7 billion over the next
three years toward expansion of its domestic engineering and construction
business, as well as acquisition of assets overseas. Along with many other
projects, the company is currently building a 12-kilometer (km) stretch of metro
rail in Mumbai in partnership with Veolia Transport, a branch of Veolia
Environnement SA (VE) (Paris, France). Reliance Infrastructure and Canada-based
Bombardier Incorporated (CA:BBD.A) (Montreal, Quebec), the world’s second largest
manufacturer of trains, have jointly bid for the 67-km rail corridor project in
Hyderabad, India. The company is also developing 400 km of roads in south India,
as well as 77 acres of land in Hyderabad, where it will construct a 100-storey
building to lease office space.
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