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In Pune IT City Metro Rail, a special purpose vehicle that has been awarded the contract to build, run, and maintain the project connecting Shivaji Nagar and Hinjewadi, Tata Sons has planned to invest 975 crore. 74% of the SPV is owned by the Tatas, and the other 25% is owned by Siemens Project Ventures.
The 23-km long, 7,420 crore project is being financed with a debt-to-equity ratio of 1.8 times; all of the financing has been secured, and Tata Sons is supporting the planned equity participation. The Maharashtra and Union governments each have a 50% share in the development of the Pune metro rail.
In addition to investing its own funds, which is anticipated to come in as dividend income in the current fiscal year, Tata Realty and Infrastructure (TRIL), a subsidiary of Tata Sons, is making the investment in the metro rail SPV. TRIL anticipates a boom in the infrastructure industry, primarily as a result of the Indian government’s increased focus on infrastructure development, particularly as part of the Parvatmala plan for rope ways.
Group Media Publication
Construction, Infrastructure and Mining
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