Reliance Infra: Expect Mumbai Metro to be operational next year

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Source:  www.yourmoneysite.com

Reliance Infrastructure has recently won a 1500 KM power transmission project. Also the two most anticipated projects – the Mumbai Metro and the sealink project – are with the company.

“Availability of funds is not an issue,” said Lalit Jalan, CEO & Whole Time Director, Reliance Infrastructure in an exclusive interview to Bloomberg UTV. However, high interest rates are a cause of concern, he added.

Here are the key takeaways from the interview:

On the 1500 KM power transmission project
– It is the first project bid on competitive bidding in private sector
– 1500 km transmission project will be operational by year-end

On the company’s portfolio:
– Co leading developers in road segment
– Have 11 road projects in portfolio
– 10 roads will be operational in FY13
– Recently forayed into cement segment
– Have 5 regional airport spaces in Maharashtra

On company’s EPC business
– Current order book at Rs 28,000 cr
– Growth in topline in EPC business will continue

On Mumbai Metro and sealink projects:
– Expect Mumbai Metro to be operational next year
– Have got financial closures for sea link

On the recent Delhi tarriff order
– Getting closer to cost effective tariff post hike

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