Don’t miss the latest developments in business and finance.

Reliance, IL&FS separate on Model Economic Township Project

Image
Capital Market
Last Updated : Sep 04 2014 | 10:45 AM IST

At Jhajjar, Haryana

Reliance Industries announced mutual and amicable separation in the agreement for strategic partnership between Reliance Ventures, a wholly owned subsidiary of the Company and Infrastructure Leasing and Financial Services (IL&FS) to co-promote the Model Economic Township (MET) project of Reliance Haryana SEZ (RHSL).

The MET project is being developed by Reliance Ventures in the Industrial Model Township framework. IL&FS became a strategic partner in this project in January 2011.

The MET project will continue to be developed in the Industrial Model Township framework on the directly purchased land. Development work has been started over 290 acres of land as an industrial colony. Some Japanese majors have established their manufacturing units in the MET project.

Powered by Capital Market - Live News

More From This Section

First Published: Sep 04 2014 | 9:24 AM IST

Next Story