Essel to invest Rs. 20,000 Cr in Bengal

Essel Group plans to develop two smart cities and series of infrastructural and urban development projects in West Bengal.
It has announced to commit investment of Rs. 10,000 crore towards transforming two major cities namely Salt Lake City and New Town. The group has also shown interest to participate in infrastructural, urban renewal and socially relevant projects worth Rs. 10,000 crore through competitive bidding under Build, Own, Operate and Transfer (BOOT) model and/or EPC (engineering, procurement and construction) model.
Essel is targeting projects like toll roads with an investment of Rs. 3,000 crore, sanitation and water treatment worth investment of Rs. 2,000 crore, over 500 TPD (tonnes per day) municipal solid-waste project to convert waste to energy with an investment of Rs. 2,000 crore and metro/monorails/LRT project worth investment of Rs. 3,000 crore, totalling Rs.10,000 crores of investment in infrastructural projects.

Essel Group’s integrated utilities company – Essel Utilities Distribution Company Limited (EUDCL) is also eyeing to undertake projects in power and water distribution services, drainage and storm water management, city wi-fi, cable and broadband, city gas distribution and intelligent traffic management systems and focus on nurturing smarter communities across major cities in West Bengal. These services will be offered through a single-window solution model based on SIPC (Smart Integrator and Principal Contractor) concept, thus delivering an all-in-one conduit to consumers. “This will be a first-of-its kind concept where all utility services will be offered under one roof with Essel taking responsibility from planning and designing stage to funding and implementation of projects, in creating a smart city habitat,” it said.

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