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IDFC has invested Rs.656 million in the equity of its group company viz. Jas Toll Road Company Limited (JAS). JAS owns, operates and maintains a 32 kms 4-lane road on National Highway 4 between Neelamangla and Tumkur, near Bangalore. The concession was awarded through a tender process in 2001 by NHAI under a BOT format, and extends to 2021. The project was completed well ahead of schedule and is amongst a small number of successfully operating toll road projects in the country.
IDFC is a leading infrastructure finance institution in India. It also intends to partner with group by investing in equity of its proposed power and mining ventures. |