Well Govinda, But earlier In April 2013, this company has invested Rs 425 crore in Hyderabad-based Navayuga Road Projects Pvt. Ltd and Rs.500 crore in Green Infra Ltd, a renewable energy firm promoted by IDFC Alternatives Ltd. After these two debt investments, Piramal Enterprises is now looking for equity investments as well.
@Puneet, Do you know that the company is willing to buy out infrastructure assets mainly operational road project and manage them. Desai (co-head of structured investments group at Piramal Capital) is not keen on under-construction assets with high implementation risks. But they are ready to help when there are cash flow mismatches, but they will not be looking at under-construction or greenfield projects.
@Govinda, But there are no plans to invest more in projects where the company has already invested. The group will also continue debt investments in infrastructure projects.