Article: Ruia group plans Rs 1200 cr in shipbuilding, special coaches.

Ruia group plans Rs 1200 cr in shipbuilding, special coaches

Kolkata, July 27 (PTI) The Ruia group was planning to invest around Rs 1200 crore in a greenfield shipbuilding and repairing facility in West Bengal and making specialised coaches for the city's Metro Railway.

"We have decided to foray into shipbuilding and repairing activity in a big way for which we require Rs 1,000 crore investment and 1,500 acres of land in West Bengal," Ruia group Chairman P K Ruia said here today on the sidelines of the Jessop and Co Ltd AGM.

"It is yet to be decided whether Jessop would finance the project or a Special Purpose Vehicle (SPV) would be created for ...

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