Tata Realty And Infrastructure Limited bags a 150 Crore Dharamshala-Mc Leodgunj Ropeway Project
Tata Realty And Infrastructure adds another feather to its hat by receiving the Letter of Award for the Dharamshala Mc Leodgunj Ropeway Project. This is a 2 Km monocable detachable ropeway project with a capacity to carry 1000 passengers per hour per direction. This ropeway will connect Dharamshala to Mc Leodganj and top station will be in front of Dalai Lama Temple. The ropeway will reduce 9km road travel saving 40 % travel time and will be eco-friendly mode. This project is awarded in PPP mode with Concession period for 40 Years from Himachal Pradesh Government. The Project is planned to be operational by Year 2018. Monocable Detachable Ropeway system is an effective Urban Transport Technology proven in Western countries of Europe, USA and Canada. Tata Realty And Infrastructure Limited is planning to undertake projects with this technology at iconic Tourist locations and Urban Areas.
Tata Realty And Infrastructure Limited wins bid for National Highway Project in Karnataka connecting Hospet to Chitradurg
Trilium Mall has been recognized with the ‘Shopping Center Of The Year’ award at the Retail Excellence Awards
100% Completion of works at Pune Solapur Road Project. Permission to be sought from NHAI to collect toll for the entire 100% road section.
Slum Society Registration attained for Chembur SRA Project
3 Lakh sq. ft. space operational at Trilium, Amritsar
Trilium Mall at Amritsar is fully operational with 114 retail stores offering their products & services to the customers.
Trilium Mall at Amritsar is fully operational with 114 retail stores offering their products & services to the customers. Some of the retailers include Lifestyle, Pantaloons, Satyam Cineplex, Body Shop, Clarks, Clinique, Reliance Digital, Reliance Trends, Nike, MAC, Calvin Klein, Tresmode, Kazo, Bata, Woodland, Tissot, Carlton London to name a few.
TCS Sahyadri Park – Phase 1, Hinjewadi is rewarded with 'LEED India Gold' certification by Indian Green Building Council (IGBC). It is another feather on Tata Realty And Infrastructure Limited’s cap.
Trilium Mall at AAuthoritymritsar gets the Final Occupation Certificate from PUDA (Punjab Urban Development )
Trilium Mall at Amritsar gets the Final Occupation Certificate from PUDA (Punjab Urban Development Authority)
Tata Realty And Infrastructure Limited Chairman retires
The Chairman of Tata Realty And Infrastructure Limited, Mr. R. K. Krishna Kumar retired on 18th July 2013 after turning 75 which was the retirement age stipulated by Tata Sons Board for him. Mr. Krishna Kumar joined the Tata Group as a TAS (Tata Administrative Services) Officer in 1963, after graduating with a master’s degree from Presidency College, University of Chennai . His first posting was at Tata Industries and from there he moved to different Tata entities—Tata Global Beverages , Indian Hotels Company (Taj Group of Hotels) and Tata Sons. He was given the Padma Shri Award in 2008 by the Government of India. He will continue his association with the Tata Group in a different capacity & will now be more involved with the group's various charitable trusts.
Tata Realty And Infrastructure Limited to develop an integrated mixed use project in Bangalore
Tata Realty And Infrastructure will be developing one of its flagship projects - an Integrated Mixed use development spread over 1.7 million sq ft in Bangalore. The project envisages the development of ‘Grade A’ commercial office space, High street retail and Premium residential apartments. The total investment in the project would be approximately Rs 900 cr.
Tata Realty And Infrastructure Limited buys out ACTIS stake in TRPL (TRIL Roads Private Limited)
TATA Realty And Infrastructure Limited (TRIL), a 100% subsidiary of Tata Sons, marked its entry into the Roads & Highways sector in 2008 by winning the concession for the 110 km Pune Solapur Expressway on a BOT basis from the National Highways Authority of India (NHAI). Tata Realty And Infrastructure Limited Roads Private Limited (TRPL) was created as a holding company for the development of road projects on BOT basis.
Tata Realty And Infrastructure Limited inducted Actis LLP as a financial investor in TRPL by divesting 35% equity stake in April 2010. Under the deal, Actis and Tata Realty And Infrastructure Limited would contribute Rs.360 crores and Rs.560 crores respectively by 2013-14 for development and execution of 6-7 projects. The objective behind the induction of Actis as financial partner was to secure funding for building a considerable portfolio size and enable TRPL to get listed by 2016.
Actis management has decided to quit the roads business sector and would like to focus on the energy sector in India. Thus, they have requested the Tata Realty And Infrastructure Limited management to allow them an exit. The exit of Actis would also help TRPL to induct a new financial investor at better terms as the sector is showing signs of revival and there has been lot of interest by few funds to acquire stake in TRPL.
TRPL to acquire majority stake in IVRCL projects
Tata Realty And Infrastructure Limited Roads Private Limited (TRPL), holding company and subsidiary of Tata Realty And Infrastructure Limited for the development of road projects on BOT basis, has signed definitive agreements with IVRCL to acquire majority stake in two operational projects and 49% stake in an under-construction project in the state of Tamil Nadu. The transaction consists of three contiguous road projects, developed by IVRCL Ltd, with an aggregate length of 156 km on NH-47 in the state of Tamil Nadu. The stretch starts at Salem and ends at Walayar near Coimbatore. The deal by TRPL is the biggest acquisition in the roads sector till date. The deal size in terms of aggregate project cost is approximately Rs.2200 Crore.
The project road is connected to NH 7 and NH 68, connecting Salem to Bangalore, the north of India and Chennai. The southern part of the project road provides access to Kerala. Major cities and towns on NH 47 are Salem, Avinashi, Coimbatore, Palakkad, Thrissur, Kochi, Alappuzha, Thiruvananthapuram, Nagercoil and Kanyakumari. The project road is the section of the NH-47 between Salem and the border between Tamil Nadu and Kerala.
Apart from the project road, between Salem and Coimbatore, assuming strategic significance as a part of road network connectivity in the region, the project is also attractive as the stretch being passing through a highly industrialized belt famous for textiles, automobiles, steel, cement, engineering goods and poultry industry. There is a high economic interaction with cities like Cochin, Chennai, Bangalore and receives high commercial traffic. Salem district is rich in mineral deposits like magnesite, bauxite, granite, limestone, quartz and iron ore. India’s first global hub terminal is expected to be commissioned at Vallarpadam.
The current scenario in the bidding process is very aggressive and competitive. Most of the projects are being won at a high premium. The secondary market offers an opportunity to acquire good projects which were won by the developers in the past at grants or low premium. Further, the risk of construction delays and cost escalation are reduced considerably. This would help TRPL to build a portfolio and acquire the technical points over a period of time which would enable us to bid for projects on a standalone basis and reduce the dependency on JV partners.
TCS Garima Park SEZ, the largest IT Campus of Gujarat
Garima Park – TCS IT/ITES SEZ is the largest IT Campus of Gujarat spread over 25.5 acres at Gandhinagar, the Capital of Gujarat.
This 10,000 seat SEZ campus is a LEEDs rated Green Building and comprises of 3 Main Blocks (Block 1, 2 & 3), SEZ Gate Complex and an Utility building with all central infrastructure.
Project Construction was logistically divided in two Phases to facilitate early SEZ Operations by TCS.
On 1st Jun 2012 Phase I (3500 seats) were Handed Over to TCS & another 5200 seats of Phase II were Handed Over to TCS on 30th April 2013. Block 1 inspection for the balance 1200 seats (Block 1) is in progress by TCS & the Final Handover of all 10,000 seats is expected in June 2013.