Tatas all set to monetise road, ropeway projects; to raise Rs 6K crore

The Tata group is following several other companies, which are selling infrastructure projects, to raise cash

Tata Sons subsidiary, Tata Realty & Infrastructure, which commissioned two road and Dharamshala Ropeway projects recently, is planning to monetise these to raise funds, the company has informed its shareholders.

The unlisted real estate and infrastructure development company is also planning to raise Rs 6,000 crore by way of fresh debt to fund its new projects, including for Pune Metro project.  

TRIL constructed some of the major road projects in the Pune-Solapur stretch, Hampi Expressway and Udaipur-Chittorgarh section of the national highway apart from several housing projects in Gurgaon, Kochi and Nagpur and various commercial real estate projects in Gurgaon.