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Essel Group eyes wi-fi, cable and broadband projects in Bengal

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KOLKATA: Diversified media to education business conglomerate Essel Group is now looking at wi-fi, cable and broadband projects in West Bengal, said a letter of intent (LOI) submitted by the group to the state government.

Also, the company has promised to invest around Rs 20,000 crore towards developing two smart cities and various vital infrastructural projects in the state, during fourth edition of the two-day Bengal Global Business Summit (BGBS).

The LOI further mentions that the group aims to develop the two satellite townships Salt Lake and New Town into smart cities by investing around Rs10,000 crore.

“The group was also interested in participating 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,” the LOI said.

It is further learnt that the group is eyeing projects like toll roads with an investment of Rs 3,000 crore, sanitation and water treatment worth infusion of Rs 2,000 crore, and a project to convert municipal solid waste to energy by pumping in Rs 2,000 crore. Besides, it is looking at projects like, metro, monorails or Light Rail Transit mass transport involving investment of Rs 3,000 crore.

Essel Utilities Distribution Company Limited (EUDCL), Essel Group’s integrated utilities company, is also looking at projects in power and water distribution services, wi-fi, cable and broadband, drainage and storm water management, city gas distribution and intelligent traffic management systems.

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