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R-Infra to emerge as leading firm in its segment: Anil Ambani

By Super
R-Infra to emerge as leading firm in its segment: Anil Amban
Mumbai: With a strong balance sheet, R-Infra expects to capitalise on growth opportunities and emerge as a leading infrastructure company in the country, the firm's chairman Anil Ambani said today.

"We have a strong balance sheet and we are clear we will be able to capitalise on future growth opportunities, and we are deeply committed to emerge as a leading infrastructure company in this segment," Ambani said while addressing Reliance Infrastructure's shareholders on the 84th annual general meeting here.

The company will look at every adversity as opportunity for growth, he added.

Ambani said: "We look forward, in spite of all challenges and turbulence in the country... I look at every adversity as an opportunity and in collaboration and partnership with all stakeholders we will be able to take ahead our business."

He added: "We will concentrate on execution and creating world-class infrastructure in he country."

The company is currently implementing 11 road projects, out of which nine are operational. "All these projects will be revenue operational within FY'14," Ambani said.

On the metro projects, he said: "The Mumbai metro will be operational during this year. In case of Delhi metro, arbitration process has already begun and we are also confident of receiving our entire investments of Rs 2,800 crore."

He said the company is also planning to increase the transportation capacity on its Mumbai metro from 7 lakh passengers to 10 lakh before it commences operations.

Ambani also said the company's first 5 MTPA integrated cement unit at Maihar in Madhya Pradesh will commence production this year.


Story first published: Wednesday, August 28, 2013, 13:49 [IST]
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