TRIL targets Rs.10,000-cr for infra projects

    Tata Realty Infra Investment
    Tata Realty and Infrastructure Limited (TRIL) has targeted to launch infrastructure projects entailing a staggering investment of Rs. 10,000-cr and has also decided to launch an Infrastructure Investment Trust (InvIT). This has been aimed to increase its focus on public works as being a subsidiary of Tata Sons Ltd. In fact, it also plans to buy land with its investment partners for office projects, building more retail shopping malls, said official sources, adding that the Mumbai-based firm intends to build on its infrastructure project portfolio over the next few years in light rail urban transport, airports, highways and roads, and ropeway projects. It plans to bid for projects mainly through the Public-Private Partnership (PPP) route, where it will build, maintain, and collect tolls. The objective is to build a larger infrastructure platform going forward, across many verticals, and also look at doing an InvIT for generating money through debt, by divestment of stake in each project and Special Purpose Vehicle (SPV) so as to invest its own capital, they added.
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