Shapoorji Pallonji eyes ownership-based infra projects | business | Hindustan Times
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Shapoorji Pallonji eyes ownership-based infra projects

One of India's oldest industrial houses, the Shapoorji Pallonji Group, is laying a greater thrust on "owned" infrastructure in power, roads and ports as the company approaches its 150th year of operations.

business Updated: Jul 16, 2010 18:43 IST

One of India's oldest industrial houses, the Shapoorji Pallonji Group, is laying a greater thrust on "owned" infrastructure in power, roads and ports as the company approaches its 150th year of operations.

"We have done a lot of projects under our company Afcons as contractors; now we will give a greater push for ownership-based infrastructure projects," Group Managing Director Shapoor Mistry told PTI on the sidelines of a function in Mumbai on Friday.

Constructing power plants, roads and ports would be the key focus areas for the diversified and privately-owned Group, he said. "We have already done some work in these areas, but owning projects would be our key focus."

The multi-billion Group has interests spanning real estate, construction, textiles, apparels, shipping and water purification appliances, among others.

Its Chairman Pallonji Mistry - Shapoor's father - is one of the largest shareholders in Tata Sons with an 18.5 per cent stake in the salt-to-software corporate house.