Sanjay Dutt
In June, the Tata Group said that it was looking at monetising income-producing assets worth Rs 800-1,000 crore of two companies as it restructures its infrastructure and real estate businesses. Sanjay Dutt was appointed MD & CEO of Tata Realty and Infrastructure and will also supervise operations at Tata Housing Development Company.
Last month, the Hinjewadi-Shivajinagar metro route received a major push after the Pune metropolitan region development authority (PMRDA), which is executing the project, awarded the contract for this route to a joint venture of Tata Realty Infra and Siemens. The project, which is expected to cost $1.2bn, consists of a 23km elevated metro line running between the Rajiv Gandhi Infotech Park in Hinjawadi to the inner suburb of Shivajinagar. It will have 23 stations. The 23km line will be developed on a public-private partnership basis under the design-build-finance-operate-transfer mode.
