Reliance ADAG picks up awards | business | Hindustan Times
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Reliance ADAG picks up awards

business Updated: Mar 29, 2010 23:54 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Reliance Anil Dhirubhai Ambani Group was presented with the Asia Pacific Project Sponsor of the Year award at a function in Mumbai on Monday.

Sasan Ultra Mega Power Project and Delhi Airport Express Link were also conferred with the prestigious Indian “Deal of the Year – Power” and “Deal of the Year – Rail” awards respectively.

“We are delighted to have won this award for Sasan UMPP. The deal is the first such project to reach financial closure without multilateral or foreign commercial banking commitments in the quickest possible time worldwide. The $3 billion debt is India’s largest ever project financing sourced solely from domestic lenders against a backdrop of global financial crisis. We look forward to build this world class infrastructure facility,” said Jayarama Chalasani, Reliance Power’s chief executive officer.

The Reliance Anil Dhirubhai Ambani Group’s Delhi Airport Express link is the first privately developed and financed section of Delhi Metro and a significant step forward in the development of transport PPP in India.