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.

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.

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"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.