Phadnis Infra aims for Rs,1,700 cr investment plan

Phadnis Infrastructure as a part of its expansion plans aims to make an investment of about Rs1,700 crore in the next five years. The company further plans to invest around Rs 600 crore in hospitality and around Rs 1,000 crore in the real estate businesses.

The firm, which is into construction of roads, bridges and other infrastructure projects, targets to double its order book to Rs 1,600 crore from the current over Rs 800 crore by March 2012