Shapoor Mistry-CM meet on infra projects

Shapoor Mistry-CM meet on infra projects

Shapoor Mistry, CMD of the $2.5 billion Shapoorji Pallonji Group and the elder brother of Tata Group chairman elect Cyrus P Mistry, will meet chief minister Mamata Banerjee on Wednesday.

Shapoorji Pallonji has joined hands with Singapore-based Universal Success (USEL) of Prasoon Mukherjee for pursuing infrastructure projects in Bengal. This has assumed significance because Shapoorji Pallonji is the single largest shareholder of Tata Sons with 18% stake, the holding company of the Tata empire. It will be the first visit of Shapoor to Kolkata after he took over as the CMD and the first during the new regime.

The Mumbai-based business conglomerate has interests in construction, real estate, textiles, engineering goods, home appliances, shipping, publications, power, and biotechnology. It was headed by Pallonji Mistry until 2012, when he announced his retirement and his son Shapoor Mistry took over. Shapoorji Pallonji is considered as "one of India's most valuable private enterprises". The group has only one listed company, Forbes & Company.

It has been learnt that Shapoor Mistry will give specific proposals about some infrastructure projects in the state. "The Bengal government has worked hard quietly and efficiently in the last 14 months to lay a strong foundation for industry. Now, you will start seeing big results," said MP Derek O'Brien.

The group has infrastructure firms like Afcon Infra, SP Infra and others. SP Infrastructure has presence in ports, power plants, highways, tollways, while Afcon specialized in marine, roads, bridges etc.

The group had built the Brabourne stadium in Mumbai and the Jawaharlal Nehru stadium in Delhi. The Mumbai Central Railway station and Asia's premier stock exchange BSE were also built by them. The financial capital of India BSE was built by this conglomerate. In recent years, it has built the Barakhamba Under-ground Station in Delhi and Providence Stadium in Guyana. In 2010, it had built India's tallest building, The Imperial, a residential tower in Mumbai.