Corporate Results of over 2500 companies Monday, November 22, 1999
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Feedback Ventures eyes road projects in Tamil Nadu 

Kavitha Venkatraman  
Chennai, Nov 21: Feedback Ventures Limited (FVL), the largest integrated venture management group is eyeing road projects to be taken up by Tamil Nadu Road Development Company (TNRDC).

Talking to The Financial Express, R S Ramasubramaniam, vice-chairman, said "with the government paving way for private participation in the development of infrastructure, it will be easy for the company to actively participate in the projects for which TNRDC is expected to float tenders in the next couple of months.

With specialisation in areas of infrastructure, in industrial estates, mixed use townships, roads, highways and bridges, airports and urban infrastructure, the company had been focussing on conceptualising for initial stages of projects earlier. Now, it will extend as one-stop-shop arrangement for infrastructure projects, which will offer a unique single-window range of services right from conceptualising to commissioning of projects.

The company is also planning to raise Rs 100 crore to address to the supplychain and the equity problem in the country for funding the infrastructural projects. `Once we have the funding capability, FVL will be a extending assistance for viable projects', says Ramasubramaniam adding that the company was planning to hit the market by the end of this month. For the fund, the company has till date approached IDFC, ICICI, HDFC, Hudco. The promoters' contribution of the fund is 10 to 20 per cent.

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