Canadian firm Fairfax will expand in Indian infra
ECONOMY & POLICY

Canadian firm Fairfax will expand in Indian infra

Canada based financial holding company Fairfax Financial Holdings Ltd is planning to expand into the Indian infrastructure sector and looks to go beyond airports and enter railway station redevelopment and port development and operations.

Sources told the media that Fairfax, through its newly created flagship and wholly owned Indian unit, Anchorage infrastructure investments holdings limited (Anchorage), has applied on nine railway station redevelopment tenders for New Delhi, Chhatrapati Shivaji Maharaj Terminus (Mumbai), Gwalior, Nagpur, Tirupati, and other stations.

Fairfax has also started consolidating all its India infrastructure investments under the name Anchorage. As the first step in this direction, the company is in the process of transferring the entire stake in Bengaluru International Airport Ltd (BIAL) to Anchorage. The stake transfer has received approval from regulators and existing shareholders of BIAL, said the Airports Authority of India (AAI).


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Fairfax India Holdings Corporation, through its wholly owned subsidiary, FIH Mauritius Investments Ltd, held the 54% interest in BIAL, which runs the Kempegowda International Airport Bengaluru.

OMERS Infrastructure is the largest shareholder in Fairfax India Holdings, an investment holding company listed on the Toronto Stock Exchange. OMERS is also in the process of acquiring a direct 11.5% stake in Anchorage for about Rs 950 crore.

Omers Infrastructure invests globally in infrastructure assets on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada.

Image: Foreign investors’ interest in India’s infrastructure will be a critical factor in this year’s ambitious budget.


Canada based financial holding company Fairfax Financial Holdings Ltd is planning to expand into the Indian infrastructure sector and looks to go beyond airports and enter railway station redevelopment and port development and operations. Sources told the media that Fairfax, through its newly created flagship and wholly owned Indian unit, Anchorage infrastructure investments holdings limited (Anchorage), has applied on nine railway station redevelopment tenders for New Delhi, Chhatrapati Shivaji Maharaj Terminus (Mumbai), Gwalior, Nagpur, Tirupati, and other stations. Fairfax has also started consolidating all its India infrastructure investments under the name Anchorage. As the first step in this direction, the company is in the process of transferring the entire stake in Bengaluru International Airport Ltd (BIAL) to Anchorage. The stake transfer has received approval from regulators and existing shareholders of BIAL, said the Airports Authority of India (AAI).Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info Fairfax India Holdings Corporation, through its wholly owned subsidiary, FIH Mauritius Investments Ltd, held the 54% interest in BIAL, which runs the Kempegowda International Airport Bengaluru. OMERS Infrastructure is the largest shareholder in Fairfax India Holdings, an investment holding company listed on the Toronto Stock Exchange. OMERS is also in the process of acquiring a direct 11.5% stake in Anchorage for about Rs 950 crore. Omers Infrastructure invests globally in infrastructure assets on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada.Image: Foreign investors’ interest in India’s infrastructure will be a critical factor in this year’s ambitious budget.

Next Story
Real Estate

Dharavi Rising

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

Next Story
Real Estate

MLDL Records 20.4% Growth in Pre-Sales

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended March 31, 2025. In line with INDAS 115, the company recognises revenues using the completion of contract method. Key highlights FY25: Consolidated sales (Residential and IC&IC) of Rs 32.99 billion. Gross development value (GDV) additions in FY25 were Rs 1.81 trillion compared to Rs 440 billion in FY24 (~4x growth). Residential pre-sales of Rs 28.04 billion in FY25, reflecting 20.4% growth o..

Next Story
Infrastructure Transport

UCSL Delivers India's First Green Cargo Vessel to Norway

In a landmark achievement for Indian shipbuilding and the Atma Nirbhar Bharat initiative, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has delivered the first of six next-generation green cargo vessels to Norway-based Wilson Ship Management AS, Europe’s largest short-sea shipping operator. The 3,800 DWT vessel, named Wilson Eco 1, was handed over during a ceremony at New Mangalore Port. The delivery is part of a Rs 5.06 billion project supported by Norway’s green maritime funding programme, marking India's entry into the European eco-friendly ca..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?