Mumbai: Billionaire businessman Anil Ambani on Tuesday said his group company Reliance Infrastructure is developing 27 projects which entails an investment of Rs 45,000 crore (USD 9 billion).

Noting that as many as 20 projects would be generating revenue in FY 2012, Ambani said the government's impetus for infrastructure development opens up huge opportunities for the company.
    
The company has interests in road, metro, cement and, power generation and distribution businesses among others.

Addressing the shareholders here, Reliance Infrastructure Chairman Ambani noted the firm was developing 12 road projects worth Rs 16,500 crore, making the entity the largest private developer of roads in the country.
    
Out of the 12 projects, four are already generating revenues while seven are expected to start revenue generation within this fiscal.
    
Shareholders during the meeting held on Tuesday have approved issue of equity shares to qualified institutional buyers as well as raising money through issue of securities in international markets among others.

RInfra plans cement expansion: Ambani

ADA Group company Infrastructure (RInfra), which is setting up cement manufacturing plants in Madhya Pradesh and Maharashtra, plans to expand its business in other parts of the country.
    
"We plan to expand our cement business by setting up more manufacturing units in Uttar Pradesh, Rajasthan, Andhra Pradesh and Chhattisgarh," RInfra Chairman Anil Ambani told the shareholders at the company's (which was earlier known as BSES) 82nd annual general meeting here on Tuesday.

RInfra is setting up two cement plants with a capacity of 5 million tonnes each in Mukutban in Maharashtra and Maihar in MP.

"We want to be among the top five companies in the next five years," he said.

According to the company website, RInfra plans to make it big in the cement market by establishing a capacity of 50 mt through organic and inorganic growth.
    
"The company is playing a pivotal role in the development of country's infrastructure. The impetus from government for infrastructure sector opens huge opportunities for us. Of the envisaged USD 1 trillion investments allocated in 12th Plan for infrastructure, 60 percent will be from private infrastructure players," Ambani said.

He said, the company has attained financial closure for all its projects and added that the it has a conservative debt-equity ratio of 0.5.RInfra is developing 12 road projects worth Rs 16,500 crore and has a strong order book of Rs 28,000 crore.

"RInfra is poised to undertake large power and infrastructure projects for the group," he added.