RInfra wins EPC contract of Rs. 882 crore for road project
Reliance Infrastructure Ltd. (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 the Government of India's flagship National Highway Development Program (phase V) and is funded by NHAI. The infrastructure major, one of the largest NHAI concessionaires, after quoting Rs. 882 crore 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 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.”
RInfra is keenly pursuing project opportunities worth around Rs. two lakh crore to increase its EPC order book to Rs. 50,000 crore by FY19. RInfra is equally well-positioned to garner sizeable market share in transport sector. RInfra EPC has been shortlisted for some prestigious projects like the Bandra-Versova Sea Link, Mumbai Coastal Road, and the Mumbai-Nagpur Expressway.
RInfra EPC has earlier executed large-scale projects worth Rs. 33,000 crore including the ultra mega power project (UMPP) of 3,960 MW at Sasan, Madhya Pradesh. 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.
RInfra EPC is known for its unmatched capability in executing challenging projects, through the right mix of innovation, technology and robust processes to manage cost, time and delivering world-class quality.
@EPC World Media