Reliance Infra seeks EPC contracts in nuclear energy

Mumbai: Reliance Infrastructure will pursue EPC contract opportunities in nuclear energy, as and when the sector opens up for private sector participation, said Mr Anil Ambani, Chairman of the company at the 79th Annual General Meeting.

The company is also exploring avenues in the steel, cement and shipping sectors, said Mr Lalit Jalan, Director of the company, speaking to presspersons on the sidelines of the AGM.

EPC contracts in these sectors would also be taken up by Reliance Infrastructure, while investment in the sectors would be undertaken by the group company Reliance Natural Resources Ltd, he said.

Mr Ambani said that all the existing and future infrastructure businesses, such as highways, mass rapid transport systems, SEZs and airports, will be pursued through Reliance Infraventures, a wholly-owned division of the company, he said.

Mr Ambani said the company is not planning to raise fresh equity from external sources. Funds for various projects, which it is pursuing, would be raised from internal cash flows.

Mr Ambani said the development of specialty real estate has emerged as a key area of focus for the company. The company would be developing a commercial business district in Hyderabad of over 80 acres of land, which will include a 100-storey trade tower. The project is being developed under the PPP framework at a cost of approximately Rs 7,000 crore. The company aims to construct 25 million sq ft of built-up area over seven years, he said.

Mr Ambani said Reliance Infrastructure has received all approvals for setting up an SEZ at Dhirubhai Ambani Knowledge City, Navi Mumbai at a project cost of Rs 1,000 crore. This would be completed over the next few years, he said.