OREANDA-NEWS. Three companies of the Tata group in the infrastructure space (Tata Housing Development Company, Tata Realty and Infrastructure Ltd and Tata Projects) plan to invest around Rs 15,000 crore to Rs 20,000 crore in the current fiscal between the three of them. All three companies are unlisted entities.

Briefing newspersons about their operations and investment plans, top executives of these companies said they would invest over Rs 75,000 crore over the next five years. Laying the macro-economic backdrop, Siddhartha Roy, Economic Advisor to the Tata group, said the contribution of private sector in infrastructure spending had moved from 25 per cent in the 10th Plan to 36 per cent in 11th Plan. It is expected to move up to 50 per cent in the 12th Plan.

Brotin Banerjee, Managing Director and CEO, Tata Housing, said the company had about 55 million sq ft of properties under construction in various stages and about 19 million square feet was in the pipeline.

There was an order backlog of about Rs 15,000 crore. He said the company had decided to go-ahead with project launches only after all approvals came in.

Sanjay Ubale, MD & CEO, Tata Realty, said his company envisaged investments of about Rs 22,700 crore in the next five years. About Rs 7,500 crore would go for roads, Rs 5,000 crore for airport projects, Rs 4,000 crore for real estate projects and the balance for urban transport, industrial parks and hospitality.