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Article: Ruia group plans Rs 1200 cr in shipbuilding, special coaches.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 27, 2006
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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 ...