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REL Board approves transfer of infra biz to 100% subsidiary

Published on Tue, Oct 30, 2007 at 10:14 |  Source : CNBC-TV18

Updated at Tue, Oct 30, 2007 at 10:46  

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Reliance Energy Board has approved transfer of its infrastructure business to a 100% subsidiary.

REL's infrastructure business includes roads, bridges and real estate. This business has about Rs 3,400 crore road orders in hand. The Rs 2,500 crore Mumbai Metro Phase I Project is also part of its kitty.

The REL infra business will also bid for the Mumbai Trans-Harbour Link. It also has 77 acre commercial real estate In Hyderabad.

  

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