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Web Exclusive | February 2017

EIL pledges Rs 5,700 cr for Jharkhand

Essel Infraprojects Limited (EIL) has committed an investment of Rs 5,700 crore for development and enhancement of infrastructure in Jharkhand. The MoU for investment would be inked between Government of Jharkhand and Essel Infra Projects Ltd. Essel with its futuristic objective to build smarter communities and world class infrastructure is targeting projects in energy alone with an investment of Rs 1,100 crore. The remaining Rs 4,600 crore will be pledged towards investments in roadways, urban infrastructure, energy including hydro power and tourism. The projects are expected to generate employment for over 1,000 locals in the state. Punit Goenka of Essel Group said, “Jharkhand has a huge potential to attract investments with its progressive policies and human resources in abundance. We are eagerly looking forward to work closely with the government in handling complex infrastructure projects, this MoU provides a unique opportunity to enhance existing infrastructure and provide new transition to the development of infrastructure in the state.”

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