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India is the key focus of Isolux Corsán's investment in Asia, and one of the most important mainstays in its international expansion strategy. Isolux Corsán's principal activity in India is currently the concession and construction of large road infrastructure projects. With four toll roads under concession and construction (700 kilometers), Isolux Corsán has become the largest European developer of large infrastructure projects in the country.
Isolux Corsán , number one European developer of large infrastructure projects in India.
In India, Isolux Corsán has entered into a joint venture with the Morgan Stanley Infrastructure fund (MSI), to jointly invest US$ 400m in the country to develop new road infrastructure projects. Under this agreement, the company is building three toll roads within the framework of long-term concession awarded as part of the Build-Operate-Transfer programme (BOT) established by the National Highways Authority of India (NHAI).
NHAI's programme for developing the Indian road network is amongst the largest Public-Private-Partnerships in the world. It was started up in 1999, and it is calculated that it will account for a total of US$ 50 bn by the time it is finalised.
The company has also begun activities in the power industry in India, with the expansion of two 132-kV substations in Maharasthra and the construction of various power transmission lines in Uttar-Pradesh.
Last year, the Isolux Corsán T&D and Installations area started operations in this subcontinent with an EPC contract for the Mohali Shopping Mall facilities, 300 kilometers to the north of Delhi.
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