praveen
04-05-2008, 12:57 PM
Government-owned infrastructure and logistics consultancy major Rail India Technical and Economic Services Ltd (RITES), which has a sizeable presence in Africa, is likely to hit the capital market for an IPO in the second quarter.
RITES is also planning to enter into public private participation (PPP) ventures, company managing director VK Agarwal said.
"We are awaiting a clearance from Sebi (Securities and Exchange Board of India) for our IPO. It is just a matter of time, and it is precisely for this reason that we have started contemplating to enter into PPP, BOT (Build Own Transfer) and BOOT (Build Own Operate Transfer,)" Agarwal told reporters in an interview.
RITES is also planning to enter into public private participation (PPP) ventures, company managing director VK Agarwal said.
"We are awaiting a clearance from Sebi (Securities and Exchange Board of India) for our IPO. It is just a matter of time, and it is precisely for this reason that we have started contemplating to enter into PPP, BOT (Build Own Transfer) and BOOT (Build Own Operate Transfer,)" Agarwal told reporters in an interview.