FICCI's infrastructure summit in New Delhi, marked by large participation from all sectors, did not witness remarkable announcements, but for the reiteration that infrastructure is likely to miss the 11th Plan target by more than 10 per cent.
Ajay Piramal backed Indiareit Fund Advisors has invested Rs 200 crore in a Mumbai residential project being developed by Omkar Realtors. The company will use some of this capital for other projects too
Marvel Landmarks, a Pune based realty company has received Rs 55 crore inve-stment for an 8 per cent stake from Paracor Capital Advisors, the PE arm of Mauritius based Madison India Real Estate Fund. Marvel Landmarks is the FDI compliant company of local developer
L&T Power, the wholly-owned subsidiary of Larsen & Toubro (L&T), plans to have a generation capacity of 5,500 MW, including hydro power and is likely to invest about Rs 25,000 crore to build its thermal power business in the next five years.
The Northern railway is reportedly planning to use Nirbhaya Fund for the first time by installing 573 new CCTV cameras across 20 stations. The at-risk stations have been identified by studying several locations where crime rate is higher than normal.