INFRA PLANNER

Sanjay Ubale, Managing Director, Tata Realty and Infrastructure Ltd (TRIL) is planning big. With the objective to build a larger infrastructure platform, the Tata Sons firm plans to invest up to Rs 10,000 crore over the next few years in light rail urban transport, airports, highways and roads, and ropeway projects. Further, the company also plans to launch an infrastructure investment trust (InvIT). Ubale also has his eyes on multiple land acquisitions along with Standard Chartered for office projects and is looking at both greenfield land developments and brownfield or distressed opportunities. With him leading the way, TRIL eventually plans to build a portfolio of two projects each in Bengaluru, Chennai and Mumbai, and one in Pune, Noida, Hyderabad and Gurgaon. It plans to bid for projects mainly through the PPP route, where it will build, maintain and collect tolls. Reports indicate the company´s plans to raise the money through debt, by divestment of stake in each project SPV and invest its own capital as well. Ubale is all set to ramp up the team for the expansion the company is planning. And, its evident!