Reliance Infra Received LOA From NHAI Worth INR 8820 Million
Reliance Infrastructure Limited (RInfra) has received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the six-laning of Aurangabad to Bihar–Jharkhand border (Chordaha) section of NH-2 in Bihar after it emerged as the lowest bidder for the development of the project on engineering, procurement and construction (EPC) basis.
The project for six-laning km. 180.000 to km. 249.525 on NH-2 in Bihar is under theGovernment of India's flagship National Highway Development Program (phase V) and isfunded by NHAI.
The infrastructure major, one of the largest NHAI concessionaires, after quoting INR 8820 million for the project, was declared the successful bidder. The scope of work includes design, engineering, procurement and construction of six-lane highway and associated bridges with paved shoulders. The overall schedule for the project is 24 months from the appointed date.
Commenting on the award, RInfra EPC CEO Arun Gupta said, “This order is reflective of RInfra's steadily expanding footprint in the road infrastructure space following its growing presence in mega projects in power sector, both in the international and domestic markets. We are poised to tap potential business opportunities in EPC domain in the areas of transportation, power, heavy civil works, and oil and gas.”
- Issued By:NATIONAL HIGHWAYS AUTHORITY OF INDIA
- Bagged By:
- Region:Eastern India
- Value:INR 8820 Million
- Published On:2018-01-29