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Sp1234
Side Hero Username: Sp1234
Post Number: 3569 Registered: 11-2014 Posted From: 70.102.136.132
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, March 31, 2016 - 05:59 pm: |
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Larsen & Toubro Limited (L&T) promoted L&T lnfocity Limited (LTIL), an SPV formed in 1997 in partnership with Andhra Pradesh Infrastructure Investment Corporation (APllC) to develop IT infrastructure in Andhra Pradesh. L&T owns 89% stake in the SPV and the balance is held by APllC. The Company developed more than 5 million sqft. of IT space in Hyderabad and this started the Information Technology revolution in the country. Apart from the IT infrastructure developments in Hyderabad, LTIL has also partnered in three ventures with equity investments in: HITEX Limited, an exhibition infrastructure venture in which LTIL holds 58. 11% L&T HiTech City Ltd, an IT SEZ at Vijayawada in which LTIL holds 74% Vizag IT Park Limited, IT Park at Vizag in which LTIL owns 26% L&T has exited by divesting its 89% holding in LTIL to a Hyderabad based infrastructure development company. Amaravati SeaHawks! |