Times Private Treaties takes Strong Position in Infrastructure

Times Private Treaties has created its space in theSingapore-based Temasek
infrastructure, power and energy sector withHoldings, to fund its expansion plans.
investments in Birla Power Solutions, BhagyanagarGMR had raised $200 million from the same group of
India, Gujarat NRE Coke, Intense Technologies,investors early this month and the group flagship
Jaiprakash Infratech Ltd (JP Group), Jaiprakash Powercompany, GMR Infrastructure, raised $315 million (Rs
Ventures Ltd (JP Group), Sujana Metal Products Ltd,1,400 crore) through aqualified institutional placement
Sujana Towers Ltd and Unitek Power Solutions India(QIP) last week.
Ltd.However, despite the large investments, raising
During the first calendar quarter, PEs invested aroundequity and long-term debt for investment in
$2 billion across 56 deals, says a study by investmentinfrastructure could pose a major challenge. According
tracker Venture Intelligence. A major destination forto reports, the government expects half of the
these investments has been infrastructure.estimated investment of $1 trillion in infrastructure
The largest deal during the quarter was the $425during the 12th Five-Year Plan to come from private
million investment into power generation firm Asianplayers.
Genco by General Atlantic, Morgan Stanley, Norwest,The Centre is also betting big on infrastructure
Goldman Sachs andinvestments to reach the targeted 9% economic
Everstone.growth during the 11th Plan, slated to end in March
Other big investments reported included Quadrangle2012. With the infrastructuresector witnessing an
Capital Partners' $300 million into telecom towerinvestment of 7.18% of gross domestic product
infrastructure company TowerVision India.(GDP) in 2008-09.The government is targeting
Similarly, Bangalore-based GMR group is planning toinfrastructure investment to reach 8.37% of GDP by
raise an additional $100 million (over Rs 447 crore)the end of the
from a group of private equity companies, led byPlan period.