Reliance Infra Bags Order From NHAI Worth INR 7110 Million
Reliance Infrastructure Ltd. (RInfra) has received the Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for the construction of Vikkaravandi to Sethiyahopu section of NH-45 C in Tamil Nadu after it emerged as the lowest bidder for the development of the project on Engineering, Procurement & Construction (EPC) basis.
The project is a under the Government of India's flagship program of the National Highway Development Program (phase IV) and is funded by NHAI. The infrastructure major, one of the largest NHAI concessionaires, after quoting INR 7110 million for the project, was declared the successful bidder. The project is to be completed within a construction period of 24 months.
The contract includes design and construction of the 65.96 km long highway including major and minor bridges, railway over bridges, flyover, bypasses and toll plaza as major components of the project. The maintenance period for the project is four years. Other bidders for the project included L&T, IL&FS and Punj Lloyd.
RInfra EPC CEO Mr Arun Gupta said, “Our renewed thrust on engineering, procurement and construction (EPC) has already begun to show results. This project win comes after we won an EPC order for INR 36750 million from NLC India Limited for setting up two Lignite based CFBC Thermal Power Projects of capacity 250 MW each.”
The Reliance Group Company had revamped its strategy to refocus on engineering, procurement and construction (EPC) business targeting an ambitious order book target of INR 500000 million by FY 19. The infrastructure major has been focusing on projects in power, roads, railways, defence and ports. The Company currently operates eleven road projects with total length of 1,000 kms on build, operate and transfer (BOT) basis.
- Issued By:NATIONAL HIGHWAYS AUTHORITY OF INDIA
- Bagged By:
- Region:Southern India
- State:Tamil Nadu
- Value:INR 7110 Million
- Published On:2017-04-07