{"id":521741,"date":"2022-09-14T09:42:49","date_gmt":"2022-09-14T04:12:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=521741"},"modified":"2022-09-14T10:11:56","modified_gmt":"2022-09-14T04:41:56","slug":"tata-sons-to-invest-rs-975-crore-in-pune-it-city-metro-rail-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-sons-to-invest-rs-975-crore-in-pune-it-city-metro-rail-project\/","title":{"rendered":"Tata Sons to invest Rs 975 crore in Pune IT City Metro rail project"},"content":{"rendered":"<p>Tata Sons, holding company of the Tata group, is investing Rs 975 crore in Pune IT City Metro Rail, a special purpose vehicle that has won the contract to construct, operate, and maintain the project connecting Shivaji Nagar and Hinjewadi in the city.<\/p>\n<p>The Tatas own a 74 per cent stake in the SPV; the rest is owned by Siemens Project Ventures. The Rs 7,420-crore, 23-km project is being financed through debt-to-equity of 1.8 times and the entire debt has been tied up, and the envisaged equity commitment is supported by Tata Sons, said a banking source. The Pune metro rail is being developed by the Maharashtra and Union governments, with a 50 per cent stake each.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Sons, holding company of the Tata group, is investing Rs 975 crore in Pune IT City Metro Rail, a special purpose vehicle that has won the contract to construct, operate, and maintain the project connecting Shivaji Nagar and Hinjewadi in the city. The Tatas own a 74 per cent stake in the SPV; the rest is owned by Siemens Project Ventures. The Rs 7,420-crore, 23-km project is being financed through debt-to-equity of 1.8 times and the entire debt has been tied up, and the envisaged equity commitment is supported by Tata Sons, said a banking source. The Pune metro [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,256],"tags":[],"class_list":["post-521741","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-railways-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/521741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=521741"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/521741\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=521741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=521741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=521741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}