Reliance Infrastructure to invest Rs.12,000 Cr on road projects

Hyderabad: Reliance Infrastructure Ltd will complete the process of raising a debt of about Rs 8,400 crore by next month to execute its current portfolio of 11 road projects worth Rs 12,000 crore.

The company has completed 95 per cent (of the debt raising process) and the remaining will be completed by next month.

In the last one year, the company bagged three six-laning projects - the Delhi-Agra, Hosur and Pune-Satara projects, covering a total stretch of 380 km, making it the largest six-laning contractor concessionaire in the country.

The latest project is the Delhi-Agra stretch, covering 180 km, alone is worth Rs 3,000 crore.

Of the 11 projects, two are already in operation in Tamil Nadu and five more are expected to start generating revenue by this financial year.