Tata Group Plans $8 Billion Infrastructure Push: Corporate India
This article is for subscribers only.
Cyrus Mistry, chairman of India’s Tata group, is planning to spend at least $8 billion building roads, airports and housing, betting a stable administration after India’s coming elections will lead to a new wave of infrastructure development.
Mistry, 45, who took over as the group’s chairman in December 2012 after Ratan Tata’s two decades at the helm, is expanding at least three unlisted infrastructure companies within the $100 billion conglomerate, according to two people familiar with his plans. The businesses will get more attention after Mistry has overhauled operations at bigger, listed Tata companies including the auto and steel units.