Definition of Infrastructure Capital Company :

Infrastructure Capital Company [Section 2(26 A)]: “Infrastructure capital company” means such company which makes investments by way of acquiring shares or providing long-term finance to –
(1) any enterprise or undertaking wholly engaged –
(a) in the business referred to in section 80-IA(4) i.e. business of
(i) developing/operating and maintaining/developing, operating and maintaining any infrastructure facility fulfilling the specified conditions
(ii) providing telecom services, whether basic or cellular
(iii) developing, developing and operating or maintaining and operating an industrial park or special economic zone notified by the Central Government
(iv) generating, transmitting or distributing power or undertaking substantial renovation and modernization of the existing network of transmission or distribution lines.
(b) in the business referred to in section 80-IAB(1) i.e. any business of developing a SEZ.
(2) an undertaking developing and building a housing project referred to in section 80 -I B(10) i.e. approved before 31.3.2007 by a local authority and commences or commenced development and construction on or after 1.10.98 and completes or completed development and construction within the time specified.
(3) a project for constructing a hotel of not less than three-star category as classified by the Central Government or
(4) a project for constructing a hospital with at least 100 beds for patients.