India: Reliance Energy, France's TGV in talks for India rail project
AFX News Limited: 07.14.2006
BOMBAY (XFN-ASIA) - Reliance Energy Ltd, the power and infrastructure arm of the Anil Ambani group, is in talks with TGV of France to bid for the 30-bln rupees light railway transit system (LRTS) in Calcutta, Business Standard reported, citing sources close to the group.
A source told the paper that Reliance Energy will give a formal presentation on its plan to the West Bengal government on July 24.
Siemens and Amex International of the Czech Republic are also in the fray for the project, the report said.
'Reliance is ready to finance the project fully, but Siemens and Amex have asked for assistance; so the state government is eager to see Reliance Energy's formal proposal,' a government source was quoted as saying