Shapoorji Pallonji to sell power project in Bangladesh, cut debt

Shapoorji Pallonji to sell power project in Bangladesh, cut debt

Shapoorji Pallonji Real Estate plans to invest Rs600 crore on buying land parcels this year to build a pipeline of projects. Photo: Ramesh Pathania/Mint

Shapoorji Pallonji group, the debt-laden construction empire run by billionaire Pallonji Mistry, has put its gas-fuelled power plant in Bangladesh on the block to reduce debt, two people aware of the development said.

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