ADAG to invest Rs 150k cr on infra projects, says Anil

Favouring India-focused growth for its infrastructure business, ADA Group will invest an estimated Rs 1,50,000 crore in power, roads, metro rail and coal sectors, Group Chief Anil Ambani has said.

“In infrastructure sector that includes power, investment could be Rs 1,50,000 crore in next five years. As a private sector entity, we will play a crucial role. The growth is through organic route,” Ambani told PTI in New Delhi. Asked about international acquisitions for higher growth, he said: “Today the whole world is embracing India. In power and coal sectors, there will be selective international opportunities.” He stressed that the focus of infrastructure business would be the country.

ADAG’s power business has targeted an investment of Rs 1,00,000 crore, even as the group is aggressively bidding for projects in road and transport sectors.

After being shortlisted, Reliance Energy, one of the group company, has made financial bid for Rs 50,000-crore Ganga Expressway Project in UP. The group is also bidding for Airports at Udaipur and Amritsar.