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Smart City Update
Shapoorji Pallonji to raise Rs.8.5 bn for smart city projects
01 Apr 2019
Construction major Shapoorji Pallonji is scouting for opportunities in the smart cities space, and is planning to raise Rs 8.5 bn over
six months to fund its Bengaluru and Eluru Smart City projects. It is looking at raising a debt of Rs 4.5 bn for the Eluru project and Rs 4 bn for the Bengaluru project. The firm is trying to tie-up funds for both the projects. Both are BOT projects and will be funded by debt.