ALIBAUD: Infrastructure Development Company Phadnis Infrastructure plans to invest Rs. 1700 /- crore in the next five years to reach new milestones. According to company’s chairman and managing director th company has huge growth plans for India and in its objective they have planned to invest over Rs. 1700/- crore in the next five years. He said that these funds will be utilized by the company in the real estate, hospitality and ITeS sector as it aims at full fledge growth and expansion in these sectors.
The company plans to invest about Rs. 1000 crore in the real estate sector and Rs. 600/- crore in hospitality and it also aims at investing a significant amount in the ITeS sector too. Also he added that the real estate sector is where the focus of the company lies but they also want to invest in hospitality sector as it is having huge growth potential. They want to set up 25 budget hotels pan- india in the next few years. They are expecting revenue of Rs. 600/- crore from each hospitality and real estate sectors. The company which is also in building roads, bridges and other infrastructural projects expects to double its revenue from current Rs. 800/- crore to Rs. 1600/0 crore by March 2012, he said. He adds that the company will be bidding for various government and private projects.
The company plans to invest about Rs. 1000 crore in the real estate sector and Rs. 600/- crore in hospitality and it also aims at investing a significant amount in the ITeS sector too. Also he added that the real estate sector is where the focus of the company lies but they also want to invest in hospitality sector as it is having huge growth potential. They want to set up 25 budget hotels pan- india in the next few years. They are expecting revenue of Rs. 600/- crore from each hospitality and real estate sectors. The company which is also in building roads, bridges and other infrastructural projects expects to double its revenue from current Rs. 800/- crore to Rs. 1600/0 crore by March 2012, he said. He adds that the company will be bidding for various government and private projects.
No comments:
Post a Comment