Reliance Infrastructure bags INR 711 cr project from NHAI
Reliance Infrastructure Limited (RInfra) today announced that it has bagged a INR 711-crore project in Tamil Nadu from the National Highways Authority of India (NHAI).
The company said in a statement,“RInfra has received the Letter of Acceptance (LOA) from NHAI for the construction of Vikkaravandi to Sethiyahopu section of National Highway (NH)-45 C in Tamil Nadu after it emerged as the lowest bidder for the development of the project on a engineering, procurement & construction (EPC) basis.”
The project is part of the Centre’s flagship programme of the National Highway Development Programme (phase IV) and is funded by NHAI.
The infrastructure major, one of the largest NHAI concessionaires, after quoting INR 711 crore for the project, was declared the successful bidder.
The contract includes design and construction of the 65.96 kilometer (km) 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.
RInfra EPC Chief Executive Officer (CEO) 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 3,675 crore 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 re-focus on EPC business targeting an order book target of INR 50,000 crore by FY’19.
It has been focusing on projects in power, roads, railways, defence and ports. The company currently operates 11 road projects with total length of 1,000 kilometer (km) on build, operate and transfer (BOT) basis.
Tag Keyword: Reliance Infrastructure Limited , LOA , NHAI , EPC Basis , National Highway Development Programme