Anil Dhirubhai Ambani Group flagship company Reliance Infrastructure Ltd (R-Infra) has won a Rs.1,000-crore (Rs.10-billion) road project from the Gujarat government, within a week after winning the Rs.1,725-crore (Rs.17.25 billion) Pune-Satara Road project from the National Highway Authority of India.
R-Infra quoted Rs.42-crore (Rs.420-million) premium over the bids of rival companies such as GVK Power and Infrastructure Limited, GMR Infrastructure, B Sennaih and C&C, JMC Srei and Sadhbhav,
The project is to execute a 71 KM four-six lane corridor connecting the ports of Mundra and Kandla in Gujarat. The project has to be completed by December 2012 on a design, build, finance, operate and transfer (toll) basis with a concession period of 25 years.
R-Infra is now executing nine road projects with a total outlay of Rs 7,500 crore (Rs 75 billion) totaling more than 700 kilometers. Two months ago, the company had operationalised its two toll road projects worth Rs.760 Cr (Rs.7.6 billion) in Tamil Nadu.
The rest of the road projects are at various stages of development. All road projects of the company are executed by Reliance Infraventures, a 100 per cent subsidiary of R-Infra. The company plans to increase its investments in road projects to over Rs 20,000 crore (Rs 200 billion) by 2012. R-Infra is also looking for opportunities in ultra mega road projects across India,
No comments:
Post a Comment